Obama wants dividends taxed as income: NYT
WASHINGTON (MarketWatch) — According to House Republicans, Treasury Secretary Tim Geithner presented a plan that included taxing dividends as income, The New York Times reported. The New York Times also reported that the White House plan included a 45% estate tax on inheritances over .5 million. Other figures in The New York Times account confirmed the Wall Street Journal report on the White House offer, including the .6 trillion in revenue increases, 0 billion in entitlement cuts, the billion in new stimulus and the ability for the president to raise the debt ceiling at will.
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