Word: exemption
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Last week Lujan again revealed his priorities. The so-called God Squad, a Cabinet-level committee of which he is chairman, announced its intention to exempt from the Endangered Species Act timber sales on various federal lands in Oregon -- despite warnings from biologists that the sales pose a threat to the northern spotted owl. It is only the second time in the act's 19-year history that an exemption has been granted. (The previous case involved the whooping crane and a Wyoming dam project...
...shipyards enjoy the protection of a 50% tax imposed on nonemergency repairs of U.S.-owned ships in foreign yards. Another boost to maritime interests is a law that prohibits foreign- built vessels from carrying goods from one American port to another. In Geneva, U.S. negotiators say they want to exempt shipping altogether from the new GATT regime. Extensive textile quotas, which the Uruguay Round proposes to bring under GATT for the first time, raise the bills of every American family almost $500 a year, according to a 1987 study. But the beneficiaries of such protection -- politically well organized textile manufacturers...
...Governor has engineered a series of tax breaks for business that have totaled $150 million since 1983 (on top of already low taxes on corporations). Most important are provisions that permit manufacturers to claim 7% of their new investments against their sales-tax liabilities and that also exempt some of their equipment purchases from the sales taxes outright. The Governor's aides claim that the concessions have helped spur $8.2 billion of investment in new or expanded plants and have worked mightily to promote a 19% increase in manufacturing jobs...
...other reforms, Clinton has requested and won two increases in the sales tax, which raises 40% of the state's revenue. A particularly objectionable feature: Arkansas is one of the few states to apply sales taxes to store-bought food (though not feed for chickens and pigs, which is exempt as an "industrial input...
That didn't quite satisfy me. First of all, the number wouldn't be less, especially for people who make so little money as to be exempt from federal taxation altogether. Second, he made no mention of the value-added tax portion of the Brown plan. But I left those questions alone. Instead, I asked a different question. "If I'm going to pay less, who is going to pay more...