Theyve given ground in previous budget battles. Thats one reason they are holding firm on higher taxes now. 1. 6 trillion in cuts. Where are the cuts . They are in bills that you, mr. Speaker, have voted for. Reporter and there were new calls for more tax revenue today. Warren buffett, vanguard founder john bogle, and financier george soros were among the famous names to call for a tougher estate tax. Their proposal would exempt couples with up to 4 million in assets from the estate tax. Above that level, estates would pay a 45 tax rate, rising to 50 or more on very large estates. Supporters say that would both bring in badly needed revenue and help protect our democracy. It works to reduce concentrations of economic and political power across generations, and those concentrations are antithetical to the basic premise, if you will, of the founding of our republic, which was that it was a land of opportunity. And i think that those concentrations also can play a significant role, concen
Theyve given ground in previous budget battles. Thats one reason they are holding firm on higher taxes now. 1. 6 trillion in cuts. Where are the cuts . They are in bills that you, mr. Speaker, have voted for. Reporter and there were new calls for more tax revenue today. Warren buffett, vanguard founder john bogle, and financier george soros were among the famous names to call for a tougher estate tax. Their proposal would exempt couples with up to 4 million in assets from the estate tax. Above that level, estates would pay a 45 tax rate, rising to 50 or more on very large estates. Supporters say that would both bring in badly needed revenue and help protect our democracy. It works to reduce concentrations of economic and political power across generations, and those concentrations are antithetical to the basic premise, if you will, of the founding of our republic, which was that it was a land of opportunity. And i think that those concentrations also can play a significant role, concen
Tom good evening. Imom hudson. The fiscal cliff debate hits the floor of the u. S. House but not much progress is made. Warren buffett and others tell lawmakers to look for more money from the estate tax. Susie im susie gharib. Could another major bondbuying program be on the way . What we could hear tomorrow as Federal Reserve policymakers wrap up their twoday meeting. Tom ever wonder what goes into making those cardboard store displays . Tonight, we look at how one box company is using them to reinvent itself. Susie that and more tonight on nbr tom an agreement to ease the fiscal cliff may not be wrapped up and waiting under your tree for christmas. Senate majority leader harry reid said today it would be hard to get an agreement finished by the holiday, blaming the delay on republicans. Not surprisingly, republicans say the president hasnt gotten serious about the talks. Plenty of outside groups are offering up suggestions. And as darren gersh reports, they include Warren Buffett an
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