As the investment community applauds the two-year extension of the 15% Federal tax rate on dividends and capital gains through 2010, which President Bush signed into law via the Tax Relief Extension Act of 2005 last Wednesday, Washington-watchers say it might be a while before investors can expect any further tax breaks.

And that means the progress on tax bills tailored to the mutual fund industry, such as the Generating Retirement Ownership Through Long-Term Holding (GROWTH) Act, might be stunted.

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