In a meeting last night, House Democrats criticized President Obama's tax proposal. Both House and Senate Democrats have voiced frustration at the extension of Bush-era tax for an additional two years, which would add $900 billion to the deficit. Many Democrats also expressed concern about the estate tax exemption for inheritances of up to $5 million.
House Speaker Nancy Pelosi (D-CA) clarified in her statement, "The Republican demands would provide tax cuts to the millionaires and billionaires, fail to create jobs and increase the deficit. And to add insult to injury, the Republican estate tax proposal would help only 39,000 of America's richest families, while adding about $25 billion more to the deficit."
Media Resources: Statement of Nancy Pelosi 12/7/10; New York Times 12/7/10; CNN 12/8/10
1/27/2016 Taiwan Elects First Woman President - In a landslide victory, the leader of Taiwan's Democratic Progressive Party (DPP) Tsai Ing-wen won the country's presidential election, becoming the first woman in Taiwan's history to hold the position.
Emphasizing her party's commitment to maintaining Taiwan's independence from China, Tsai won over young voters eager to usher in a political changing of the guard following some 70 years of dominance by the pro-Chinese unification party, the Kuomintang (KMT), chaired by presidential opponent Eric Chu. . . .