Word: lowerings
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...other words, the Bush tax cuts were meant to create big deficits. But Laffer's O.K. with that. "The Laffer Curve should not be the reason you raise or lower taxes," he says. Perhaps not, but it does make for great campaign promises...
...freeze interest rates on some of the 2 million subprime mortgage loans that are due for sharply upward rate resets in the next two years. Paulson has said the five-year freeze would apply to borrowers "with steady incomes and relatively clean payment histories who could afford the lower introductory mortgage rate but cannot afford the higher adjusted rate...
...Sigma Alpha Epsilon member, who stakes his candidacy on improving campus life, pledged to “fund alcohol for lower income students who cannot afford social events in the Square and off campus...
...Then there are the differing thresholds. For one thing, Kennedy needed to lower the fears of Vatican control of American policy, so he could flatly state that he would not be taking orders from Rome and that his faith was a private matter. Romney at a minimum needs to do that - to say that even though Mormons believe that the head of their church is a prophet who receives God's living word, he would not be taking orders from Salt Lake City - but must do more. Kennedy could wall off his private beliefs from his public policy...
...hemisphere's largest crude reserves, has used his awesome oil windfalls to reduce poverty, Venezuelans now suggest they want to increase capitalist investment, satanic as it may be, to solve their nagging unemployment. They appreciate his shrewd efforts to raise oil prices, but they'd also like him to lower inflation, Latin America's highest. And while they admire him for enfranchising the majority poor, they'd applaud as loudly if he did something to reduce their nightmarish crime. (Caracas on many weekends sees more than 50 murders.) Says Juan Mejia, 21, a leader of the student movement that galvanized...