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State Representative Ryan Barry, a Democrat, defends the commissions: “They are advocating for people who can’t afford lobbyists.” True, but the state is cutting services at the same time that it is paying commissioners up to $150,000 per year. For example, Rell wants to cut $1.4 million in subsidies for a LIFE STAR helicopter at Hartford Hospital. She could pay for this item with money saved by closing commissions. Then, Democrats could say they cut the fat before reaching into taxpayers’ pockets. Besides, most people would take...

Author: By Brian J. Bolduc | Title: Fuzzy Math | 7/1/2009 | See Source »

Instead of taking this route, Democrats plan to raise the income tax from a flat 5 percent to 6 percent for couples making $500,000 per year, 6.5 percent for couples making $600,000 per year, and 7.5 percent for couples making $750,000 per year. Businesses would bear a temporary 25 percent surcharge. Democrats think these hikes are fair. A couple making $600,000 per year would pay only $1000 more in income taxes...

Author: By Brian J. Bolduc | Title: Fuzzy Math | 7/1/2009 | See Source »

...conservative activists led by Howard Jarvis put a seductively simple sounding proposition on the ballot. Under Proposition 13, the annual real estate tax on a parcel of property would be limited to 1% of its assessed value and this assessed value would only increase by a maximum of 2% per year, until a change in ownership. Voters responded and Proposition 13 scored a dramatic victory with 65% of the vote. Property tax rates dropped an average...

Author: /time Magazine | Title: How California's Fiscal Woes Began: A Crisis 30 Years in the Making | 7/1/2009 | See Source »

...Corrales is quick to note that the region's trend toward "superpresidencies," which includes conservative leaders like Colombian President Alvaro Uribe, "is far from over." But Fernández - who does little to discourage comparisons to Eva Perón, the glamorous and powerful Argentine First Lady of the 1940s and '50s known as Evita - has had her clout both at home and abroad diminished to the point that Argentine pundits are even discussing whether she might soon resign. While that's unlikely, the rest of her term promises to be a slog, and her husband's widely discussed plans...

Author: /time Magazine | Title: What Argentina's Midterms Mean for Latin America | 6/30/2009 | See Source »

...expect government intervention on the demand side - through education campaigns, tax incentives or targeted subsidies - to rein in our cravings. But in the energy arena, several states have already proved that rationalizing incentives on the supply side can transform the landscape. In most of the country, per capita electricity use has increased about 50% during the past three decades - despite conservation programs, efficiency incentives and the general rise of green. But in California and the Pacific Northwest, where state legislatures decoupled utility profits from sales volumes, electricity use has been flat. Instead of an incentive to sell more power...

Author: /time Magazine | Title: The Key to Fixing Health Care and Energy: Use Less | 6/29/2009 | See Source »

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