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a rate of 39.6 percent, up from the current 35 percent. Extends Clinton-era caps on itemized deductions and the phase-out of the personal exemption for individuals making more than $250,000 and couples earning more than $300,000.
• --Estate tax: Estates would be taxed at a top rate of 40 percent, with the first $5 million in value exempted for individual estates and $10 million for family estates. In 2012, such estates were subject to a top rate of 35 percent.
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NY-area lawmakers: House GOP plans to adjourn Congress without permitting vote on Sandy aid
• WASHINGTON (AP) -- New York-area lawmakers in both parties erupted in anger after learning the House Republican leadership decided to allow the current term of Congress to end without holding a vote on aid for victims of Superstorm Sandy.
• Rep. Peter King, R-N.Y., said late Tuesday he was told by the office of Majority Leader Eric Cantor of Virginia that Speaker John Boehner of Ohio had decided to abandon a vote this session.
• Cantor, who sets the House schedule, did not immediately comment. House Democratic Whip Steny Hoyer of Maryland told reporters that just before Tuesday evening's vote on "fiscal cliff" legislation, Cantor told him that he was "99.9 percent confident that this bill would be on the floor, and that's what he wanted."
• A spokesman for Boehner, Michael Steel, said, "The speaker is committed to getting this bill passed this month."
• In remarks on the House floor, King called the decision "absolutely inexcusable, absolutely indefensible. We cannot just walk away from our responsibilities."
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Stampede after New Year's fireworks show kills 61, injures more than 200 in Ivory Coast
• ABIDJAN, Ivory Coast (AP) -- A crowd stampeded after leaving a New Year's fireworks show early Tuesday in Ivory Coast's main city, killing 61 people -- many of them children and teenagers -- and injuring more than 200, rescue workers said.
• Thousands had gathered at the Felix Houphouet Boigny Stadium in Abidjan's Plateau district to see the fireworks. It was only the second New Year's Eve fireworks display since peace returned to this West African nation after a bloody upheaval over presidential elections put the nation on the brink of civil war and turned (Continued on page 20)
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