Word: investers
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...estate tax's critics also claim that the estate tax distorts behavior by reducing peoples incentives to work, save, and invest. Yet these arguments conveniently ignore the similar distortions of behavior in heirs who, for no effort on their part, receive a $650,000-plus inheritance. More importantly, however, current tax law allows wealthy Americans to lower their estate-tax burden by making charitable contributions. These are exactly the kind of distortions in behavior we need: in 1995, for example, Americans with taxable estates gave to charities about three-fourth of the amount they paid in estate taxes...
...education debate simply because he spends less money more effectively. The Gore campaign's total education expenditure is projected at $115 billion over 10 years, mostly for the hiring of 100,000 more teachers. Bush, on the other hand, will spend $25 million over the next five years to invest in loans for new charter schools and to create a teacher training fund, spent in ways chosen by each state according to its needs...
...Bush's policymakers say that this $5 billion jolt to the funding would make it possible for 800,000 more students each year to enter college. Gore simply imposes another layer of bureaucracy, with a proposed "National Tuition Savings Program" so that the federal government can tell parents to invest their money in special trusts to pay for tuition. This added layer of government influence has no immediate or practical effect upon decreasing the cost of college tuition...
...says it. He's running harder against Washington than anyone in years, but he's the first Republican in a decade who doesn't want to blow up the Education Department and padlock the IRS. He wants to spend a trillion dollars of the surplus to let people invest part of their Social Security taxes in the stock market, yet he promises not to cut benefits, in which case there's no spare trillion lying around to pay for it. He blasts Gore for proposing more new spending than at any time since the Great Society - except that...
...only interviewee in three days who was wildly passionate about either candidate, and possibly the only person without malaria who got chills during any of the debates. Coffey, who owns an advertising company in Brandon, said Bush is going to shrink the government, whack taxes, let people invest their own Social Security funds, keep the U.S. out of foreign skirmishes and give parents school vouchers. "I listen to Rush Limbaugh all the time," Coffey said. "And Rush is right. Do you know what I mean? Rush is right...