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Let there be no doubt, unless the next President we elect acts in a decisive and comprehensive manner, 1-1-11 will be an historic and detrimental day for the US economy. Here's a list of the laws that expire gradually up until 31DEC2010 when they all expire. Some are projects designed for alternative energy subsidies and energy conservation credits. Others, such as IRC section 529 are set to expire as well. This will make all distributions of investment gains from most college savings plans taxable as income. Naturally, I am not a sky is falling type of person, I just want to get the word out that this election is critical on the national, state and local levels for these very reasons.
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