As the Food and Drug Administration considers lowering the level of nicotine in cigarettes to reduce the likelihood of addiction, some states and cities have taken it upon themselves to discourage smoking at a young age. This week, Maine joined New Jersey, California, and Hawaii to raise the minimum legal smoking age to 21. [More]
veto
House Passes AMT Fix
By 11.10.07
The House voted 216-193 on Friday to keep 21 million middle-class taxpayers from paying the alternative minimum tax (AMT) next year. Republicans opposed the measure because the bill is funded by raising the tax on carried interest, paid exclusively by investment bankers, from 15% to 35%.
Friday’s bill would extend AMT relief for one year, at a cost of about $51 billion. It includes another $30 billion in largely popular tax relief measures, including expanding the child tax credit, providing a property tax deduction to some 30 million families and extending a tax exemption for the combat pay of military personnel.
Schwarzenegger Vetos Data Protection Bill
By 10.16.07
Another day, another Schwarzenegger veto comes soaring into our inbox. This one is from reader Hassan, who is concerned about data security.
