Reagan poll shows mixed confidence on economy and plans
AP NBC poll finds 61 percent say economy worsened last year, up from 53 percent in June, with many blaming Reagan's policies. Sixty percent express confidence in Reagan and his economic program despite partisan debate on proposed tax increases to cover deficits.
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Tax bill adds new minimum levy on rich investors
Washington negotiators reach a compromise on a tax bill that creates a new minimum levy targeting high income investors. It would raise about 1.3 billion over three years, affecting roughly 280,000 wealthy individuals with an average hit of 4700 dollars. The plan focuses on capital gains and real estate and oil investments. The package also includes about 15.2 billion in three year spending cuts mainly in Medicare and Medicaid. It freezes home health care cost shifts and raises the doctor insurance premium slightly.
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