In the past two weeks, many large U.S. corporations have posted solid earnings which has sparked optimism over an economic recovery. However, recent testimony from Fed Chair Ben Bernanke has weighed on the markets and has kept many investors fearful about the near future. In his testimony, Bernanke called the American economic outlook ‘unusually uncertain’ and said that several tools were being discussed in order to help boost the economy. This gloomy proposition left many certain that a double dip was around the corner which has placed an extremely heavy burden on the federal government in order to quickly revive the economy before the November elections while simultaneously keeping the ever-increasing budget deficits in check. As a way to cut back on this deficit while keeping the vast majority of the electorate satisfied, legislators are discussing the possibility of allowing the now infamous ‘Bush tax cuts’ to expire for taxpayers [...] Click here to read the original article on ETFdb.com. Related Stories: Three ETFs To Protect Against Rising Taxes Muni Bond ETFs: New York vs. California California Muni ETFs: Value Play Or Sucker’s Bet?