In the Works

Investor tax cuts may finally be coming.

It looks like the House-Senate tax conference committee is resolving its differences, according to this morning’s Wall Street Journal story by David Rogers.

Look for a two-year extension for dividends and capital gains at the current 15 percent marginal rate. This will be combined with a one year AMT patch.

This is very good news for the stock market and the economy. It will help sustain the bull market run and the capital-spending surge illustrated in yesterday’s fantastic business durable goods report.

Remember, cheap capital and high investment returns that stimulate business activity have been big job creators, which means higher incomes for everybody.