Obama to Introduce ‘Buffett Rule’; Mayweather Wins Controversial Bout; Profile of Reno Air Crash Victim


President Obama will announce his proposal for a rewrite of the U.S. tax code Monday. The major change Obama plans to make will target the wealthiest 0.3% of the country. He is reportedly calling it the “Buffett Rule” after billionaire Warren Buffett’s Op-Ed in the New York Times complaining that he receives tax breaks normal Americans do not. The Washington Post says it “will be the centerpiece of Obama’s recommendations to a special congressional committee working to craft a bipartisan debt-reduction plan before Thanksgiving.” [Washington Post]

Boxer Floyd Mayweather beat Victor Ortiz in a controversial fight last night in Las Vegas. Mayweather scored a knockout in the fourth round when it appeared Ortiz was apologizing for an earlier head butt. After winning the bout and the welterweight title, Mayweather had a contentious interview with HBO’s Larry Merchant. After being insulted by Mayweather, the 80-year-old Merchant told him on air, “If I was 50 years younger, I would kick your ass.” [ESPN]

The Arizona Republic has the story of Michael Wogan, a 22-year-old man with muscular dystrophy who was killed while watching the Reno air race. Two of Michael’s brothers have muscular dystrophy as well. It’s a devastating story but demands a read. [Arizona Republic]

A plane crash killed its pilot during a West Virginia air show, CNN reports. No spectators at the Thunder Over the Blue Ridge Open House & Air Show were hurt when the T-28 aircraft careened to the ground yesterday afternoon. This comes one day after the aforementioned air race accident in Reno that has so far claimed 9 lives. [CNN]

Expect sunshine all day, with highs in the mid-sixties. []