How will you be affected tax wise if the cuts are not extended? How will you benefit if the cuts expire in 5 months? The tax cuts are technically know as: The Jobs and Growth Tax Relief Reconciliation Act of 2003 (“JGTRRA”, Pub.L. 108-27, 117 Stat. 752), and was passed by the United States Congress on May 23, 2003 and signed into law by President George W. Bush on May 28, 2003. Nearly all of the cuts—individual rates, capital gains, dividends, estate tax—are set to expire after 2010. It appears that we will all be touched in one way or another if the tax cuts expire…namely through individual tax rates and adjustments on capital gains and dividends. For an interesting and colorful debate on this very subject, check out our portfolio manager, Mark Matson while on Fox Business at: http://www.markmatson.tv/?p=1418. This is one area that you may want to get involved and let your voice be heard regardless of what your position is. Contact your representatives and make sure they know what you’re thinking. That’s what we pay them for…to represent us.