Word: rabushka
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...when cities use revenue sharing to pay for local garbage collection, street maintenance, fire and police, rather than for capital improvements, health care, nutrition or housing, the program does not seem to be meeting its original purposes. Stanford Political Scientist Alvin Rabushka contends that city services in general have declined despite federal aid. "If we spent more and got worse--if spending increases didn't translate into better services--it's hard to prove that cutbacks will lead to any deterioration," he argues. That view may seem harsh to local officials struggling to keep their cities from sliding deeply into...
...deductions allowed, it could raise revenue and simultaneously lower tax rates. One of the most sweeping strategies of this kind is the so-called flat-tax proposal put before Congress last year by Democratic Senator Dennis DeConcini of Arizona. Devised by Economist Robert Hall and Political Scientist Alvin Rabushka of the Hoover Institution at Stanford, the plan would eliminate all deductions and tax everyone at the same rate, 19%. Currently, rates go as high as 50%. The Hall-Rabushka proposal would let all taxpayers subtract a "personal allowance" from their income that would amount to $8,500 for a family...
...rather than their current maximum of 46%. They could deduct the cost of new equipment immediately instead of writing it off over several years. But companies would actually pay more than they do now because they would lose many tax breaks, including the deduction of interest expense. Hall and Rabushka estimate that their plan would lift the Government's annual revenues by about $100 billion and close half the budget deficit...
Though simple and evenhanded, the Hall-Rabushka plan has at least two features that probably doom it politically. First, it calls for a low 19% tax rate on even the richest of taxpayers. Second, it does away with many tax preferences, like the deduction of mortgage interest, that millions of Americans rely upon...