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  • The Trump administration is floating an idea to unilaterally change the tax code by redefining how capital gains are calculated. A move that would benefit wealthy Americans.
  • The Trump administration is weighing a cut in the capital gains tax. It would save wealthy Americans up to $20 billion a year, but add to the federal government's red ink.
  • Opponents of same-sex marriage believe that if a Democrat-dominated Statehouse could vote in gay marriage, a Republican-dominated one may be able to vote it out. A bill to repeal the law has the backing of some top leaders in the GOP-controlled Legislature, but rescinding rights is never easy.
  • Russia has one of the world's 10 biggest economies, but it isn't even among the top 30 U.S. trading partners. A new John Deere plant there shows the complications of that relationship. To avoid tariffs, tractors and combines are built in Iowa, then taken apart and shipped to Russia, where they're reassembled.
  • Two top Penn State officials charged with covering up allegations of a child sex abuse scandal have stepped down after Sunday's emergency meeting of the university's Board of Trustees. Former defensive coordinator Jerry Sandusky was charged over the weekend with sexually abusing eight boys over 15 years.
  • Democratic lawmakers sent a letter to the director of the nation's top consumer watchdog agency demanding that the Consumer Financial Protection Bureau do its job supervising the student loan system.
  • Canadian commentators fault the U.S. for killing a top Iranian general, leading Iran to retaliate and, it appears, accidentally shoot down a plane with 63 Canadians on board.
  • The Justice Department says Shahram Poursafi tried to arrange the murder of John Bolton as part of an alleged plot to retaliate for the U.S. killing of a top Iranian general.
  • Prosecutors release court documents in suspect Payton Gendron's first appearance in federal court on hate crime charges.
  • The Justice Department and the intelligence community say reauthorizing the Foreign Intelligence Surveillance Amendments Act, which expires at the end of the year, is their top national security priority. But an interesting mix of senators are sounding alarms about whether the government is secretly gathering too much information on innocent Americans, and keeping it for far too long. They cite a newly declassified letter that exposes an incident where even the Obama administration acknowledges it went too far.
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