"There will be a great deal of unhappiness about this proposal because everybody didn't get what they wanted, " Sen.

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Almost everybody will be hurt by the proposal: more than 90% of Japanese households have life-insurance policies, which account for around a quarter of their total savings.

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Senator Jay Rockefeller, chairman of the Senate Commerce Committee, has a proposal that might just be a win-win for everybody.

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So millionaires, billionaires, everybody makes a lot of money out of this proposal.

WHITEHOUSE: Press Briefing by Press Secretary Jay Carney,