CNS News reports:
As part of the deal to end the government shutdown and extend the debt limit, the House and Senate have agreed to begin long-stalled budget negotiations. The conferees planned to meet Thursday morning for breakfast -- to "break the ice," the Associated Press reported. -
There's more:
Obama's plan to "rebalance the tax code" would take more from the rich and give more to the poor.
Specifically it would raise taxes on hedge fund managers; prohibit individuals from accumulating more than $3 million in tax-preferred retirement accounts; return estate tax to 2009 levels and prevent wealthy Americans from using "sophisticated tax planning" to reduce their estate tax liability.
Will Harvard and Princeton start paying their "fair share". Stay tuned.
