Earmarks -- Pelosi OKs DOJ Probe of Rep. Young Conduct: In a reverse case of separation of powers, House Speaker Nancy Pelosi (D-CA) said yesterday that she concurs with last week's Senate vote referring the Rep. Don Young (R-AK) Coconut Grove improper earmark allegations to the Department of Justice. "The Speaker believes this a matter for the House ethics committee to look into, but she has no intention of standing in the way of the [Senate] bill as it moves forward to the president's desk," said Pelosi spokesman Nadeam Elshami. Taxes -- CBPP Clarifies Fiscal Impact of Cap Gains Cuts: "Cutting capital gains rates reduces revenues over the long run. That's the conclusion of the federal government's official revenue-estimating agencies, as well as outside experts and the Bush Administration's own Treasury Department." Following misinformation by ABCNews last week regarding the fiscal impact of capital gains rate cute, the Center on Budget released a short paper, Experts Agree That Capital Gains Tax Cuts Lose Revenue, that clears up some misconceptions. Paper. Taxes -- Details of Senate AMT Patch/Extenders Package: A comprehensive description of the titles and elements in S. 2886, the Alternative Minimum Tax and Extenders Tax Relief Act of 2008, introduced last week by Senate Finance Committee Chair and ranking member Sens. Max Baucus (D-MT) and Charles Grassley (R-IA), released by the Committee yesterday, is available here.