Instead of collecting eventually 19 percent of gross domestic product, his plan would generate less than 17 percent, according to the Tax Policy Center.
The new standards, which experts said could well be adopted by a majority of states, would replace the nation’s motley current checkerboard of locally written standards.
AP - Americans have come to detest Congress ever more deeply as it nears the end of a nasty fight over health care. But more than half still back President Barack Obama, a bright spot for a Democratic Party counting on its leader to help stave off expected losses in elections this fall.
AP - Catholic authorities in Germany announced two major abuse investigations Wednesday — one into the renowned choir once led by Pope Benedict XVI's brother and another into what everyone, including the pope, knew about the sexual and physical abuse of students.
2010 has been a difficult year for Chrysler, experts say, with sales off 3 percent and half of those sales to fleet customers, a fact that could hurt the company later.
Some people who didn't file a federal tax return for 2006 have more than 1 billion reasons to reconsider, but they need to do it fast, according to the Internal Revenue Service.
A Pennsylvania woman has been indicted for conspiracy to provide material support to terrorists and kill a person in a foreign country, the Justice Department said.