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...pays a lot of dues. If they get a little break, what's the big deal?" Supporters of the change say lower rates would encourage more investment and spur greater turnover of holdings, thus leading to increased tax revenues. "More people would sell assets, and the U.S. Treasury would collect more taxes," says Stephen Moore, director of fiscal-policy studies at the conservative Cato Institute and author of a new study on the subject. "Every time the rate has been cut, payments by the wealthy have risen substantially...

Author: /time Magazine | Title: TAX CUTS: WHO WILL GET THE BREAKS? | 1/8/1996 | See Source »

...virtual marketplace where, by a process he calls friction-free capitalism, buyers and sellers can exchange goods and services without paper money, malls or middlemen. Except, of course, for the ultimate middleman, Microsoft--which, in return for making those electronic transactions secure and reliable, plans to collect a small toll off each and every...

Author: /time Magazine | Title: HEADLINERS: BILL GATES | 12/25/1995 | See Source »

...things the troops will not do. "The implementation force will not be responsible for the conduct of humanitarian operations," he says. "It will not be a police force. It will not conduct nation building. It will not be a disarmament force and chase after people to collect weapons and whatnot. And it will not be responsible for the movement of refugees." In other words, this time there will be no "mission creep," Pentagonese for the gradual expansion of tasks, which turned the Somalia intervention from an initial success to an eventual debacle...

Author: /time Magazine | Title: IN HARM'S WAY | 12/25/1995 | See Source »

...ethics committee, which has been investigating the finances of Speaker Newt Gingrich, proposed altering the chamber's rules to bring book royalties under the $20,040-a-year limit on members' outside income. The G.O.P. leadership wants the change vetted in hearings, which will give Gingrich more time to collect possible multimillion-dollar revenues from his 1995 book To Renew America...

Author: /time Magazine | Title: THE WEEK: DECEMBER 10-16 | 12/25/1995 | See Source »

Some Medicaid savings are necessary and achievable. From state to state, there's a huge disparity in federal Medicaid spending. New York and Washington, for example, collect an average of $2,000 per poor person, while in Idaho and Kansas it's about $500. With that much federal money running through the system, some states have helped create an overgrown health-care industry and health-care bureaucracy, both of which could stand some pruning. Other states have whole departments devoted to scamming more Medicaid money from the Federal Government. And when it comes to services, some optional benefits, like adult...

Author: /time Magazine | Title: WHERE IT MAY REALLY HURT | 12/18/1995 | See Source »

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