GM Is Low-Key About Return to Stock Market [ WSJ ] General Motors Co., though eager to shed the "government motors" stigma, will take a low-key approach to touting its return to the public markets. GM's $18.1 billion IPO is its biggest step yet away from being owned by the U.S. government, which rescued the auto maker and became its largest shareholder with last year's government bailout. The offering will reduce U.S. Treasury's stake from 61% to around 26%. The Bipartisan Policy Center's Bold, Controversial Stab at the Deficit and Tax Reform [ TaxVox ] More details from TaxVox on the yesterday's new deficit reduction proposal, "[T]his deficit reduction plan actually starts with a tax cut—a 2011 payroll tax holiday. The fun starts after that. The BPC would eliminate nearly all itemized deductions and kill or scale back most other targeted tax breaks.