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...insist, however, that tax cuts have very little effect on recessions, largely because their benefits kick in too late to affect the problem. To pre-empt his critics, Bush could redesign his proposal to provide accelerated benefits. One possibility being discussed among his advisers would be to change the formula by which payroll taxes are withheld, as his father did in 1992. That would put extra cash in taxpayer pockets quickly...

Author: /time Magazine | Title: Economic Slowdown: Is A Tax Cut The Right Remedy? | 1/8/2001 | See Source »

...insist, however, that tax cuts have very little effect on recessions, largely because their benefits kick in too late to affect the problem. To pre-empt his critics, Bush could redesign his proposal to provide accelerated benefits. One possibility being discussed among his advisers would be to change the formula by which payroll taxes are withheld, as his father did in 1992. That would put extra cash in taxpayer pockets quickly...

Author: /time Magazine | Title: Is a Tax Cut the Right Remedy? | 12/30/2000 | See Source »

...definition of a literary thriller: a detective story with geopolitical ramifications. That, at least, is the formula followed with considerable, nail-biting skill in Robert Wilson's A Small Death in Lisbon (Harcourt; 440 pages; $25). The author constructs a murder mystery that cannot be solved without following a winding trail through a considerable and bloody swath of 20th century history...

Author: /time Magazine | Title: Books: The Long Arm Of The Past | 12/25/2000 | See Source »

...next four to five weeks, despite the last-ditch effort by President Clinton Wednesday to interest both sides in a comprehensive U.S. settlement proposal that would give the Palestinians 90 percent of the lands occupied by Israel in 1967, and split sovereignty over Jerusalem in a complex formula. Nobody is particularly optimistic about the deal flying at this late stage. For one thing, it may be only a matter of weeks before "The Bulldozer," whose nickname was earned largely at the expense of the Palestinians, is in charge...

Author: /time Magazine | Title: For Barak, Another Small Victory | 12/21/2000 | See Source »

...next four to five weeks, despite the last-ditch effort by President Clinton Wednesday to interest both sides in a comprehensive U.S. settlement proposal that would give the Palestinians 90 percent of the lands occupied by Israel in 1967, and split sovereignty over Jerusalem in a complex formula. Nobody is particularly optimistic about the deal flying at this late stage. And besides, it may be only a matter of weeks before "The Bulldozer" is in charge...

Author: /time Magazine | Title: Israelis Set for 'Lesser Evil' Poll | 12/20/2000 | See Source »

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