Page 2 - Mike Lapham News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> molly line live in boston common. thank you. tax cuts from the bush administration are set to expire this year which means incomes taxes for households more than $250,000 a year or individuals making more than $200,000 a year will go up. congress is expected to cut taxes for folks making less than that. it will also effect dividend taxes down to 15% and estate taxes will go up. taxes more likely to affect the wealthiest, critics of the increase say it won't generate enough money to reduce the record high deficit and taxing the rich will make the rich spend less, sort of the sarah palin ar...

warn again today that the islamic republic could possess nuclear weapons in a year. john mccain in a tough fight for reelection saying the united states has to try new tactics and the time to act may be now. >> this goes on and on of the threats that we have -- that we have made to the iranians and so far no action. we keep pointing the gun. we haven't pulled the trillioner -- trigger. >> the white house contends it's working with allies on ways to punish iran but mahmoud ahmadinejad is calling out the administration, saying the only way president obama can remain in power is if he c...