Thanks to a legislative compromise, the nation's 45% estate tax drops to zero in 2010. But it'll come back with a 55% vengeance in 2011. John Dimsdale explores the "throw mama under the train" aspect of the current estate tax law.
A group of liberal lawmakers is working on a bill that would tax Wall Street's stocks and derivatives trading to raise money for job creation and deficit reduction. Steve Chiotakis talks to Washington Bureau Chief John Dimsdale.
Goldman Sachs is looking for a way to slim down its tax bill, and it's considering buying unused tax credits from Fannie Mae. But it doesn't want to pay full price, so taxpayers would make up the difference. Steve Henn reports.