Sep 19, 2011

DAILY BEAST CHEAT SHEET


  Also: 'Mad Men,' 'Modern Family' Win Big , Obama Looks to Cut $3 Trillion , Netflix Spins Off DVD Service
The Daily Beast Cheat Sheet: Morning

September 19, 2011
IDEAS

Despite accusations of "class warfare" from Republicans, President Obama will unveil a proposal on Monday to raise taxes on millionaires—a plan he referred to as the "Buffett Rule," a nod to billionaire investor Warren Buffett, who has argued for higher rates for the wealthiest Americans. The hike is part of a $3 trillion deficit-reduction package that will also seek cuts to Medicare and Medicaid. The Daily Beast's Zachary Karabell writes that the millionaire tax is a fairly modest proposal, and one that may finally help the White House win some Republican support—but the economic benefits won't match the political ones.

Emmys

It was TV's biggest night, and, once again, Mad Men came out on top. The show won best drama for the fourth straight year. In the best comedy category, Modern Family won for the second straight year, while two of its stars, Ty Burrell and Julie Bowen, won for best supporting comedy actor and actress, respectively, and the show's director and writers also took home honors. Mike and Molly's Melissa McCarthy, who had a scene-stealing role in Bridesmaids, won the award for best actress in a comedy. Meanwhile, Mad Men star Jon Hamm has yet to take home an award for his role on the show, losing this year to Friday Night Lights' Kyle Chandler. In the best actress in a drama category, Julianna Margulies took home the trophy for The Good Wife, and Kate Winslet won for best actress in a miniseries for Mildred Pierce. See the full winners list here.

XTRA INSIGHTS
PROPOSALS

President Obama will offer a new deficit-reduction plan Monday, which will cut roughly $3 trillion over a decade. The plan includes about $1.5 trillion in tax increases on the wealthiest Americans, sources told The Wall Street Journal. Obama's plan also proposes adjustments to Medicare and Medicaid that would reduce the deficit by $300 billion over the decade, but his proposal is not expected to increase the Medicare eligibility age. The proposal includes the "Buffett Rule," which raises taxes on millionaires so they pay higher rates than middle-class Americans--a plan Republicans denounced as "class warfare."

XTRA INSIGHTS
Movies

Netflix CEO Reed Hastings apologized Sunday night for the 60 percent price hike that has driven away a million customers—but he also announced huge changes to the DVD-by-mail and streaming-video service. In a letter posted online, Hastings said that the DVD-by-mail service will be renamed "Qwikster." The service, which will include an optional video-game add-on, will be accessed through Qwikster.com, where users will maintain a separate queue. Netflix will remain the name of the streaming-video service. "We realized that streaming and DVD by mail are becoming two quite different businesses, with very different cost structures, different benefits that need to be marketed differently, and we need to let each grow and operate independently," Hastings wrote.

XTRA INSIGHTS
Diplomacy

President Obama and Israeli Prime Minister Benjamin Netanyahu may not exactly get along, but Obama has time and time again had Israel's back—and will again this week, as the U.S. is expected to veto the Palestinians' U.N. Security Council bid for statehood. "How, exactly, did Obama come to be portrayed, and perceived by many American Jews, as the most ardently anti-Israel president since Jimmy Carter?" John Heilmann asks in New York. Much of the blame, Heilmann argues, lies with Netanyahu, who has undercut his American counterpart. In the worst instance, Netanyahu lectured Obama for seven-and-a-half minutes on camera after Obama called for 1967 borders with "mutually agreed land swaps." This has always been an agreed-upon solution to any peace deal, but Netanyahu tore into Obama because he " knew he could get away with it—so staunch and absolute is the bipartisan support he commands in the U.S."

XTRA INSIGHTS

Confessions
Strauss-Kahn Admits 'Moral Error'
Acknowledges sexual encounter with hotel maid.
Nation
Georgia Weighs Clemency for Troy Davis
Controversial execution is set for Wednesday.
Spats
White House Rebuts Suskind Book
Officials say they were misquoted.
WINNER
Charlie Sheen Presents at Emmys
Offers kind words for 'Two and a Half Men.'
Africa
British Hostage Brought to Central Somalia
Captured in Kenya in attack that killed her husband.
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