Ambition to Abolish Tax Falls to Estate Exemptions
The effort to abolish the tax shifts to targeted exemptions. Individuals with estates up to 5 million and couples up to 10 million receive tax relief, while the proposal minimizes effects on the wealthiest families.
U S weighs limits of shooting down North Korean missile
The United States warned North Korea it would face a price for a missile launch while noting limited ability to intercept a long-range strike. Officials cited a compromised defense system with tests that failed, urging diplomacy as Washington considers responses to Taepodong-2 tensions. Secretary Rumsfeld outlined presidential decisions based on threat levels and territorial risk. Public dispatch by Mary Pemberton of the Associated Press.
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