Word: hike
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...taxes. Healy has told the City Council that the only way to compensate for the loss of funds would be to raise property taxes to the limit allowed by Proposition 2 1/2. For many city residents, that would mean an overall tax increase. And even with the property tax hike, the city will still face cutbacks in basic services by fiscal year...
...number of college-age students in the 1980s; the head count will plummet a further 25% by the mid-1990s. The ability of institutions to simply crank up tuition and fees has also hit a ceiling. Last spring Princeton scaled back a projected 6.9% hike in tuition, room and board to 6.7%, leaving a still daunting annual bill per student of $20,498. "We used to view tuition as a tithe paid by grateful parishioners," says Northwestern President Arnold Weber. "Now there clearly is price resistance...
...Treasury $5 billion a year and benefits mostly wealthy heirs. The fiscal prestidigitation has not abated: the Rostenkowski plan would have socked it to middle-income families by delaying inflation adjustments for a year. That step was needed because the House scrapped a 9 1/2 cents-a-gallon hike on gasoline that would not only raise $45 billion but also encourage conservation and help the environment...
...Republicans are joining this philosophic fray with a vengeance. "We're not stating the position of the President," says Oklahoma Congressman Mickey Edwards, "nor are we stating what we think Democrats would vote for." There is a smoke-and-mirrors quality to their proposal, misleadingly billed as a tax hike on the rich. But it reflects a supply-side vision far closer in spirit to Ronald Reagan than to George Bush...
...budget--is now saying again that he opposes new income taxes. But times have changed since his earlier (and since-broken) campaign pledge. Congressional Democrats now can regain the initiative in American politics by supporting new income taxes. President Bush either will have to support a tax hike for the wealthiest Americans or become the ultimate bad guy in the budget battle...