Sunday, May 25, 2008

WHAT’S THE BUZZ – TELL ME WHAT’S A HAPPENNIN’

* Kay Bell reports on the US Supreme Court decision in the Kentucky Department of Revenue v. Davis case. According to Kay’s post “State Muni Bond Tax System Upheld”, “The U.S. Supreme Court just ruled that it's OK for states to exempt the earnings from the bonds they issue, but collect taxes on bonds issued by other states.”

* The CCH daily tax newsletter reported that, “Despite a veto threat and the likelihood that Senate lawmakers will not accept their extenders tax bill, the House on May 21 voted 263 to 160 to pass the Renewable Energy and Job Creation Bill of 2008 (HR 6049)”.

* Jay Leno had mother and daughter Bush on his show on Thursday night. In his monologue he mentioned that Jenna Bush was recently wed and that as a gift her father, George W, gave the happy couple each a $600.00 “stimulus” rebate check.

TTFN

No comments: