Word: benefits
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...Worse yet, by extending the home-buyer tax credit, especially to existing homeowners, we run the risk of creating a situation where it never goes away. If a tax credit - or any other economic benefit - sticks around long enough, people start feeling entitled to it, even if it was originally supposed to be temporary. In academic literature this is called the endowment effect. Taking away such a program once it's ingrained can be a monumental political challenge. It's not just that expanding the home-buyer tax credit would cost $50 billion to $100 billion this year...
...mortgage-interest tax deduction. Each year we give up some $80 billion in tax revenues so that homeowners don't have to pay tax on the income spent on mortgage interest. The thing is, about half of homeowners don't claim the deduction; they don't see the benefit, nor do the one-third of people in the U.S. who rent a place to live...
...people who do see a meaningful benefit are, by and large, already rich. Economists James Poterba and Todd Sinai found that the tax savings from the mortgage-interest deduction for households earning more than $250,000 is 10 times the tax savings for households earning $40,000 to $75,000. According to Congress's Joint Committee on Taxation, a little more than half of the savings is seen by just 12% of taxpayers - those with incomes over...
...vote.Hammonds and Smith disagreed with this particular suggestion. Smith wrote in a letter to Dowling Committee chair Professor John E. Dowling in May, “I would like to clarify...that the role of committees is to provide recommendations to the deans, who then make decisions with the benefit of those recommendations.”Some students were unsatisfied by degree of change in the College administration.“It’s important that the administration works to implement...provisions of really allowing students and student-faculty [committees] to be decision-making bodies,” said...
...think we still want to go. We think the sooner that this happens it will benefit everyone. We think that at the end of the day we have to assist the Afghan people resolve their own problems and issues. So, the work and assistance we can give over Afghanistan is just say that these policies are wrong, that's a big help, and then help decide on the right course of action. You all know quite well that the situation in Afghanistan right now is far worse than it was eight years ago. So increasing the number of troops does...