Panel backs two tax reform plans to simplify code
The Washington Post reports the presidential advisory panel urged replacing six tax brackets with four or three, cutting rates to 33 or 30 percent, ending or scaling back common deductions, eliminating the AMT, and prompting Congress to act by year end amid opposition from lawmakers and interest groups.
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Father wins fight over soldier burial in Oklahoma
A California burial request by Army Staff Sgt. Jason Hendrix’s mother was denied by Superior Court Judge Robert Yonts Jr. The ruling keeps Hendrix’s remains in Oklahoma under a Pentagon policy giving the estate to the elder surviving parent when the soldier dies unmarried with no children. The judge dismissed the mother’s testimony as insincere.
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AARP cites rise in brand name drug prices
AARP says brand name drug prices rose 6.1 percent for the year ending June 30 while overall inflation was 3 percent. John Rother calls the trend concerning though the rate narrows slightly. pharma groups counter that medical inflation is a better comparator, noting CPI shows 4.2 percent medical inflation versus 3.4 percent for drugs.
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Washington
AARP
John Rother
Pharmaceutical
Democrats force closed Senate session over prewar intelligence
In Washington, Democrats compelled a rare closed session using Rule 21 to question Bush administration prewar intelligence. Senate leaders clashed as Reid accused Republicans of protecting the administration while Frist denounced the move as a stunt and urged a bipartisan review.
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U.S. Soldier Death in Iraq Raises October Toll
The Pentagon reported a U.S. servicemember killed by a roadside bomb in central Iraq on Monday, increasing October deaths to 93 as the conflict’s toll climbs. Senator Pat Roberts chairs a peripatetic six member panel to finish the Iraq intelligence review by November 14.
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Iraq
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Pat Roberts
Kansas
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