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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Jul 11, 2009

Page

3

House Democrats push tax on the wealthy for health care

House Democrats backed a graduated surtax targeting high earners to fund health care reforms, starting at 350000 dollars for individuals and rising to 1 million in income, aiming to raise about 540 billion over ten years. The plan faces Senate scrutiny and Blue Dog resistance over costs and impact on small business and rural care disparities.

Washington House Barack Obama Obama Mittee Charles Rangel D-N-Y Senate Rangel Italy Congressional Budget Office Blue Dog Democrats Blue Dog Heath Shuler D-N.c

Big IRS bill looms for Jackson estate

The Jackson estate faces a potential federal estate tax bill of about 80 million dollars or more. Executors may need to sell or borrow against assets or seek a multi year extension to pay, with Beatles song rights and Jackson properties likely driving the bill higher. The government holds first priority on debts, and the tax code offers limited deductions. A guardianship hearing for Jackson's three children is delayed as Katherine Jackson and Deborah Rowe seek custody terms.

New York King of Pop Michael Jackson Internal Revenue Service IRS Jackson Roy Kozupsky Lawrence Heller Bryan Santa Monica Calif America Congress Beth Kaufman U.S Katherine Jackson Deborah Rowe Rowe Neverland Ranch Los Olivos

Also Mentioned on This Page

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