U.S. tax system still incentives marriage, OECD finds
The OECD study across 17 industrial countries shows the United States, Britain, Austria, Finland and others taxing married couples more than cohabiting couples. It notes most nations use tax rules to push wives into work, with varying penalties or benefits for married pairs depending on earnings.
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House Bill Sets 460 Billion Budget Target Amid Accord
Washington House leaders reached agreement on a 460 billion dollar budget target for the new federal fiscal year, edging past a defense spending dispute. The plan, with a 61.6 billion deficit, serves as a nonbinding guide for Congress and does not require presidential approval. The Senate had approved similar targets a week earlier, with a final vote 221 to 177.
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