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Less than 48 hours after Bush's Tuesday speech, Ways and Means chairman Bill Thomas began escorting the core of the Bush cut - those marginal rate reductions representing $958 billion of the total cost - through his committee on Thursday with a view to passing it through the full House next...

Author: /time Magazine | Title: Tee-Hee! Why the GOP Is Making a Race Out of the Tax Cut | 3/1/2001 | See Source »

That likelihood is presaged by Thomas's settling on a piece-by-piece passage strategy, even in the side of Congress where Bush has the votes. The $958 billion in marginal rate adjustments are straightforward and evenhanded, and don't skew rich very much at all - the death tax repeal...

Author: /time Magazine | Title: Tee-Hee! Why the GOP Is Making a Race Out of the Tax Cut | 3/1/2001 | See Source »

Married couples can leave as much as $1.35 million to heirs tax free. That limit rises to $2 million by 2006. This is no small amount, for sure. But above that threshold Uncle Sam takes a hefty slice. The top marginal rate is 55%. Shouldn't parents with, say, $4...

Author: /time Magazine | Title: Why These Guys Are Dead Wrong | 2/26/2001 | See Source »

The centerpiece of the Bush budget, of course, is the $1.6 trillion tax cut, and the rest of the government must bow down to it. Tuesday night, Bush will likely focus on the core of the plan he sent to the Hill earlier this month - the across-the-board marginal...

Author: /time Magazine | Title: Why Size Matters in Bush's Budget | 2/26/2001 | See Source »

That was in 2001: A Space Odyssey. Now it is 2001. The changes are in our nervous system now, reworking the pathways by which narratives find their way in. Surrealism? Shock edits? Every rock video uses that stuff. But the people we profile in this month's chapter of Innovators...

Author: /time Magazine | Title: Tell Me A New Story | 2/19/2001 | See Source »

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