Analysis: Democrats' discord undercuts Obama estate tax push Nov 30th 2012, 06:07 WASHINGTON (Reuters) - Divisions among Democrats are undermining President Barack Obama's push to raise the U.S. estate tax on inherited wealth, just weeks before the arrival of the "fiscal cliff" could drive the present estate tax rate even higher than Obama proposes. Action on the estate tax could be postponed. But in his successful re-election campaign, Obama called for wealthy Americans to pay more in taxes - and it is overwhelmingly the wealthy who pay the estate tax. ... | U.S. top court to consider whether to review gay marriage cases Nov 30th 2012, 06:05 (Reuters) - The nine justices of the U.S. Supreme Court are widely expected to decide in a private meeting on Friday to enter the legal fray raging over same-sex marriage. An announcement to take a case could come as early as Friday afternoon or Monday morning. Thirty-one of the 50 states have passed constitutional amendments banning gay marriage while Washington, D.C., and nine other states have legalized it, three of them on Election Day, November 6. At issue is the 1996 Defense of Marriage Act, or DOMA, passed by Congress, which only recognizes marriages between a man and a woman. ... | Only three major U.S. cities see economic recovery: study Nov 30th 2012, 05:07 WASHINGTON (Reuters) - Retailers moving into old downtown buildings, an abundance of freshly planted greenspaces, and a stream of new jobs in Knoxville, Tennessee, are all signs to Mayor Madeline Rogero that for the last year prosperity has been blooming in her city. "We feel very good about how we're coming out of this recession," Rogero said. "We see new interest. We see new development that's occurring. We're optimistic that this recovery is going to continue." Knoxville is a member of a very small club. Three and a half years since the 2007-09 economic recession ended, only three major ... | |
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