KQED Nightly Business Report December 12, 2012
Theyve given ground in previous budget battles. Thats one reason they are holding firm on higher taxes now. 1. 6 trillion in cuts. Where are the cuts . They are in bills that you, mr. Speaker, have voted for. Reporter and there were new calls for more tax revenue today. Warren buffett, vanguard founder john bogle, and financier george soros were among the famous names to call for a tougher estate tax. Their proposal would exempt couples with up to 4 million in assets from the estate tax. Above that level, estates would pay a 45 tax rate, rising to 50 or more on very large estates. Supporters s...