Truth Stranger Than Fiction?

From the New York Times. I checked, it actually is non from the Onion. 

WASHINGTON — House Republicans said on Th that Treasury Secretary Timothy F. Geithner presented the House speaker, John A. Boehner, a detailed proposal to avert the year-end financial crisis amongst $1.6 trillion inwards revenue enhancement increases over x years, an immediate novel circular of stimulus spending, domicile mortgage refinancing together with a permanent terminate to Congressional command over statutory borrowing limits.

...In telephone substitution for locking inwards the $1.6 trillion inwards added revenues, President Obama embraced $400 billion inwards savings from Medicare together with other entitlements, to hold upward worked out side past times side year, amongst no guarantees.

The upfront revenue enhancement increases inwards the proposal instruct beyond what Senate Democrats were able to expire before this year. Tax rates would instruct upward for higher-income earners, equally inwards the Senate bill, simply Mr. Obama wants their dividends to hold upward taxed equally ordinary income, something the Senate did non approve. He likewise wants the estate revenue enhancement to hold upward levied at 45 per centum on inheritances over $3.5 million, a stride several Democratic senators balked at. The Senate mouth made no changes to the estate tax, which currently taxes inheritances over $5 1000000 at 35 percent.

Meanwhile, Costco is inwards the news, for borrowing $3 billion dollars, together with paying it out equally a particular dividend before dividend taxes rise.  Stock rose 6%. Tax arbitrage is together with then cool.