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...Reagan's tax-cutting has been coupled with the dread toll of Democrats - from Walter Mondale to John Kerry - who got clobbered for hinting that they might want to, uh, raise revenues. An antitax fetishism has overwhelmed both parties. Along the way, despite the melodramatic rhetoric, the actual rate of federal taxation has wobbled a bit, from a high of 20.9% of GDP in 2000 to a recession-driven low of 17.7% last year, but averages out to just under 19% from 1980 to today. If the not-so-onerous Clinton tax rates are restored when the economy recovers...

Author: /time Magazine | Title: Health Care: Do the Right Thing on Taxes | 10/29/2009 | See Source »

...Washington Post-ABC poll found that only 1 in 5 voters now identifies as Republican. And the "Party of No" label might be starting to stick: a recent CNN poll found that GOP favorability has slipped to its lowest point in a decade - just 36% (though Democrats don't rate much higher). Former Republican heavyweights such as Bob Dole and Bill Frist have been pushing current party leaders on Capitol Hill to work with Democrats on health-care reform, which increasingly looks like it will pass in some form. And even a few of their own have begun to show...

Author: /time Magazine | Title: How the GOP Hopes to Overcome 'Party of No' | 10/29/2009 | See Source »

...private market - a place which has been kind of under assault the last year or so," says John Feehery, a GOP strategist and former adviser to House Speaker Dennis Hastert. "He's obviously geared toward the small-business sector. The big guys can handle a high unemployment rate, but the small guys get killed by it, so that's a good thing - getting back to Republican roots." Still, fixing these holes is going to require money that will have to be drawn from somewhere else. When asked about how he will pay for any initiatives, Cantor is quick to point...

Author: /time Magazine | Title: How the GOP Hopes to Overcome 'Party of No' | 10/29/2009 | See Source »

...every other fall, and in recent weeks state television has occasionally shown Disney films like Snow White, Cinderella and Robin Hood. But a wide selection of foreign films have always been available to the country's élites, having been smuggled in before the 1990s, though never at the rate that happens now. Kim Jong Il, the country's dictator, is said to own a library of more than 20,000 foreign and North Korean films. (See pictures of the rise of Kim Jong...

Author: /time Magazine | Title: Soap-Opera Diplomacy: North Koreans Crave Banned Videos | 10/29/2009 | See Source »

...companies, which are currently funded by contributions from employers and employees. Merkel's reform plan is expected to include a freeze on employer contributions - shifting the burden to individuals - and the creation of a government commission to study the possibility of moving from income-based contributions to a flat-rate health insurance charge. Union leaders say the unemployed and pensioners would suffer the most under such a system. "There'll be plenty of bitter conflicts over tax and health reform once [Merkel's] policies are implemented," Niedermayer predicts. (See pictures of the dangers of printing money in Germany...

Author: /time Magazine | Title: Tough Task Ahead for Germany's First Asian Minister: Health Care Reform | 10/29/2009 | See Source »

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