Word: billion-plus
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...generous personal exemption, and no deductions--lies in its apparent simplicity and its promise to close loopholes for the wealthy and well connected. The proposal has economic appeal as well: a simpler tax code could boost middle Americans' stagnant incomes, in part by freeing much of the $80 billion-plus that individuals and businesses now spend each year on tax compliance and avoidance...
...making ill-fated investments, recently bought a share of Berkshire Hathaway. That's the flagship company of Warren Buffett, who recently surpassed Bill Gates as the nation's richest human. Like many of us, Buffett started with a modest bankroll, only he managed to turn his into $13 billion-plus. We've seen oil magnates, real estate moguls, shippers and robber barons at the top of the money heap, but Buffett is the first person to get there just by picking stocks...
...Intel in the past eight years has turned a $203 million loss into a $2 billion-plus profit and become, since 1992, the world's top producer of semiconductors, knocking Japan's NEC out of the No. 1 spot. Primarily it did so by picking out and pushing one product line: microprocessors, the tiny chips that serve as the brains of computers. It was a gutsy move, since microprocessors are harder to make and require far more research and development than the mass-produced memory chips that Japanese firms have been turning out at prices Intel could not match...
Then there is the old blue-smoke-and-mirrors problem. To be sure, there are magic tricks in Clinton's plan too. For example, the President claims $15 billion-plus to be saved over five years in unspecified work-force and administrative cost reductions. But Kasich claims to save more than $70 billion by cutting "bureaucracy" and "overhead." Exactly how, pray tell? Says the Kasich plan, piously: "It is not the role of Congress to micromanage the administrative functions of Executive Branch agencies." Oh, that explains...
...seems to be working Although the process is still in the early stages, several deans say it has helped them clarify priorities for the upcoming $2 billion-plus capital campaign...