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bush: Bush's Resignation Speech - 12/21/07 01:37 PM
Subject: BUSH'S RESIGNATION SPEECH If Bush resigned today, this is what his speech would be..... Normally, I start these things out by saying 'My Fellow Americans.'      Not doing it this time.  If the polls are any indication, I don't know who more than half of you are anymore. I do know something terrible has happened, and that you're really not fellow Americans any longer. I'll cut right to the chase here: I quit.   Now before anyone gets all in a lather about me quitting to avoid impeachment, or to avoid prosecution or something, let me assure you: There's been no … (0 comments)

bush: Short Sale Tax Foregiveness Bill signed - 12/21/07 12:38 PM
President Bush signed into law today a new measure giving tax breaks to homeowners who have mortgage debt forgiven. Under preexisting law, the debt forgiven by a lender, such as for short sales and refinances, was generally taxable to the borrower as debt discharge income. With the passage of the Mortgage Forgiveness Debt Relief Act of 2007, a taxpayer does not have to pay federal income tax on debt forgiven for a loan secured by a qualified principal residence.This tax break applies to debts discharged from January 1, 2007 to December 31, 2009. Qualified principal residence indebtedness is debt incurred in … (6 comments)