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Here's how. To make health care more affordable, Bush wants to create a standard deduction for health insurance like the one offered for dependents. Families with private health plans would have their first $15,000 in earnings exempt from taxes (for individuals, it's $7,500). The idea, Bush argued sensibly Wednesday night, is to "level the playing field" between today's tax-advantaged employer-provided benefits and those purchased outside the workplace, where growing numbers of Americans seek coverage. But Bush would offset these new deductions by taxing employer-provided benefits above that...

Author: /time Magazine | Title: State of the Union: A Good Idea Inside a Bad One | 1/26/2007 | See Source »

...accorded a tax-free status under its urban renewal project. It's part of a $45 billion national program to finance the renaissance of France's most blighted suburbs - one to which 380 towns that are home to 2.4 million people have thus far signed up. Those with tax-exempt status like Hem can lure businesses with an array of financial incentives, including state underwriting of most employer-paid social charges on salaries paid to local hires...

Author: /time Magazine | Title: Building Hope on Desolation Row | 1/25/2007 | See Source »

...count, but also in the fair treatment of its workers and in its social and environmental responsibility to the community. The next president should continue initiatives such as payment in lieu of taxes program (PILOT) of 2005, in which Harvard significantly increased its payments to Cambridge for the tax-exempt land it owns. Harvard’s neighborhood respectability is as important as its global prestige and its wealth and reputation oblige it to set just and moral standards...

Author: By Rachel M Singh | Title: A President of the Community | 1/12/2007 | See Source »

...back tears Thursday as she addressed the crowd of several thousand marchers."What hurts me the most is the fact that all the positive roles my brother played in this city, in the recovery after Katrina, and the musical culture that he loved so much, he still wasn't exempt from the foolishness and the violence that's going on today...

Author: /time Magazine | Title: Baghdad on the Mississippi? | 1/12/2007 | See Source »

...Mason Grahl, assistant principal at Roosevelt High, where traditionally far less than half the seniors go on to college. To change the mind-set, Grahl and his boss, head principal Mary McFarlane, are administering tough love by enforcing the new state graduation requirements now. This year's seniors are exempt, but for juniors, it has meant adding an extra math and science class to their schedules this year...

Author: /time Magazine | Title: Building a New Student in Michigan | 12/12/2006 | See Source »

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