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 taxation increases over x years , an immediate novel circular of stimulus spending , habitation mortgage refinancing in addition to a permanent destination to Congressional command over statutory borrowing limits.

...In telephone commutation for locking inwards the $1.6 trillion inwards added revenues , President Obama embraced $400 billion inwards savings from Medicare in addition to other entitlements , to survive worked out adjacent yr , amongst no guarantees.

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

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