While many are applauding President Bush's $674 billion economic stimulus package, it is expected to have very little impact on the mutual fund industry, and some even think it could actually hurt certain areas of the market.

According to the White House, 35 million American households receive taxable dividend income that and will directly benefit under the proposed plan. And more than half of these dividends go to seniors, many of whom rely on a steady stream of dividend income.

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