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...billion rebate in 2001. It's not clear what form that might take: the IRS could simply send out rebate checks, or, even quicker, the government might lower the amounts automatically withheld from workers' pay. Rebates would probably be treated as taxable income, which would reduce both their economic clout and public relations appeal. Evenly divided among the country's 200 million adult taxpayers, they could be worth $300 a head. Bush has said he supports the idea, and so does Tom Daschle, the Democratic leader of the Senate...

Author: /time Magazine | Title: Tax Cuts: Medicine For Mad Dow Disease? | 4/2/2001 | See Source »

...question is this: If the bill becomes law, will it truly disinfect our politics? The end of Clinton's presidency and the launch of Bush's were a parable for reformers, between the pardons for Democratic fat cats and the environmental policy clout of Big Business. But like a virus, political money has a way of mutating so it spreads in any environment. Be careful what you wish for. The cure may be worse than the disease. "This is a stunningly stupid thing to do, my colleagues," Kentucky's Mitch McConnell said on the Senate floor, "and don't think...

Author: /time Magazine | Title: A New Day or a False Dawn? | 3/31/2001 | See Source »

...couple will still be able to give $100,000 per election cycle to national party committees. Small donors become more important, so direct-mail operations will become even more aggressive, and the "bundlers" who can enlist 100 or so donors from their company or union will have even more clout. In place of the coffee for 20 donors who give $50,000 apiece will come the banquet for 500 donors who give $2,000 apiece. The hustle never stops...

Author: /time Magazine | Title: A New Day or a False Dawn? | 3/31/2001 | See Source »

...system that is all Vanity and very little Fair. Those who do make it inside are sometimes left wondering what the fuss was all about. But what was once a figment (of then-editor) Tina Brown's imagination has now become the ultimate litmus test of one's Hollywood clout...

Author: /time Magazine | Title: And the Award for Best Party Goes to..... | 3/23/2001 | See Source »

...battle for Bush's mind on this issue has barely begun, and the President's old friends in the oil and coal industries--the sources of the fossil fuels that produce greenhouse gases--will wield plenty of clout. While Bush told Congress last week that he would support efforts to conserve energy and develop alternatives to fossil fuels, he also declared that "we can produce more energy at home while protecting our environment." Translation: I still want to drill for oil in Alaska's Arctic National Wildlife Refuge...

Author: /time Magazine | Title: Will Bush Turn Green? | 3/12/2001 | See Source »

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