The end result of that merger would be the formation of a black hole, the creation of which would release large jets of gas, which would then have been followed by a weak supernova.

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If the joint committee decides, for example, that part of a balanced deal should be to eliminate tax subsidies for oil and gas companies or corporate jets, or if they decide to limit the value of itemized deductions for high-income earners as the President has called for, they can do that and they would raise revenue through doing that.

WHITEHOUSE: Press Briefing

Notably, however, the Senate Democratic proposal did not seek to close loopholes related to private jets, the oil and gas industry, and the payroll tax burden of S corporation shareholders, as earlier proposed sequestration legislation had.

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Senate Majority Leader Harry Reid has suggested such measures as ending tax breaks for corporate jets and subsidies for the oil and gas industry.

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