Word: fiscal
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...host of government programs at taxpayer expense. Republicans should wait for the House to pass several such programs and then expose not only the proposals themselves but also the impact that they will have on the deficit and on taxes. Once we reestablish ourselves as the party of fiscal conservatism, we will regain our support in middle America and put the Democrats on the defensive. We do have to mean it, though—simple grandstanding is not good enough...
...referring to the broad reform agenda--fiscal, labor, energy and competition--that outgoing President Vicente Fox unveiled but then failed to deliver on. Although more politically adroit, Calderón inherits a far more acrimonious political environment, in which López Obrador still insists he is the legitimate President. This surely will complicate Calderón's dealings with the public-sector unions and with sensitive symbols like the national oil company, Pemex, which desperately needs foreign investment, now outlawed. "Mexico needs to think outside the sovereignty box," says Raul Rodriguez, former CEO of the North American Development Bank, but Mexico...
Pemex is now the government's cash cow, providing about 30% of federal revenues, a dependence that has torpedoed fiscal reform. Nonoil tax collection, as a percentage of GDP, is about 10%--about the same as in Haiti. Lopez Obrador's economic team calculated that an additional 2% to 3 % of GDP could be recouped with more rigorous tax collection, which would mean cracking down on rampant tax evasion--roughly at 50%--and the widespread abuse of legal but economically unjustified tax exemptions. "All businesses should pay tax without exemptions," says José Luis Barraza, president of the Consejo Coordinador Empresarial...
...just one among scores of Harvard professors who have turned their research findings into financial gains—for themselves and for the University. In the past decade, the federal government has issued 396 patents to Harvard, and the University took in $23.4 million in licensing revenues in fiscal year 2004 alone, according the University’s tech transfer office...
...optimism that makes his election so tremendously exciting. As the second black governor ever elected in the U.S., Patrick has generated more enthusiasm and positive thinking than any other politician in Massachusetts’ recent past, mobilizing voters across the socioeconomic spectrum in support of expanded opportunity and progressive fiscal management. We eagerly anticipate watching Patrick translate this remarkable energy into action...