Blanche Christerson, an executive in Deutsche Bank AG’s private wealth management division, loves her 85-year-old ailing mother, Hedda Lark, of Manhattan Beach, California, and isn’t ready for her to die. Still, Christerson says, she and her mother are bothered that in discussing Lark’s estate, they wrestle with tax complications that didn’t exist just a year ago.
The U.S. House passed a $383 million emergency relief package for livestock producers affected by the worst drought in almost a half-century as Republicans and Democrats complained about inaction on a broader farm bill that would help more farmers and ranchers.
Bloomberg BNA — Pronounced dead-on-arrival upon its introduction in 2013, the carbon tax bill authored by Sens. Barbara Boxer (D-Calif.) and Bernie Sanders (I-Vt.) is attracting a healthy bit of lobbying, suggesting both industry and environmental groups are looking down the road to a resurrection of legislation that failed in the Senate in 2010.
A House subcommittee will press for the repeal of a law requiring the government to withhold taxes from payments to contractors before year’s end, saying a bipartisan consensus has formed against a “bad idea.”
Democrats say Social Security is off the table. So if Republicans are successful in pushing for changes to entitlement programs in U.S. budget talks, the pressure for cuts will be on Medicare and Medicaid.