Broker Regulation

Anticipating the death of President Barack Obama's health care overhaul, Mitt Romney outlined his plans Tuesday to expand coverage to the nation's uninsured, while protecting at least one popular safeguard that would be eliminated should the Supreme Court strike down the law.

Fighting for re-election, President Barack Obama is playing down his historic health care overhaul and the multibillion-dollar recession-fighting stimulus two landmark efforts of his first three years in office. Those signature policies are unpopular, and voters clearly want the candidates to focus instead on jobs.

U.S. states expect to collect higher tax revenues in the coming budget year that combined would top pre-recession levels, according to a survey released Tuesday. The increase could reduce pressure on states to cut budgets and lay off workers.

It sounds like a silver lining. Even if the Supreme Court overturns President Barack Obama's health care law, employers can keep offering popular coverage for the young adult children of their workers. But here's the catch: The parents' taxes would go up.

The Senate's top tax writer says he wants to overhaul the nation's tax code to help make the economy stronger and raise additional revenue to reduce budget deficits.

Republicans are calling it "Taxmageddon," the big tax increase awaiting nearly every American family at the end of the year, when a long list of tax cuts are scheduled to expire unless Congress acts.