| Meanwhile, in other news, the tax bill nearing approval in Congress has some tax goodies for business.
As a report from Bob Willens of Lehman Brothers points out (no link, but you can get it by sending an email to Lehman.6CD4F-DC7F83@research.lehman.com), the legislation not only extends the current breaks on capital gains and dividends, but also and more surprisingly perhaps eases the rules for corporate spin-offs.
(Of course, I can't help but wonder if the benefits won't be offset by higher interest rates, since Congress is unlikely to make enough in the way of spending cuts to keep the federal defict from growing as a result. The folks there certainly haven't done that to date, and remember, this is an election year.)
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