Word: reformations
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That's just a guess, though. What is certain is that when capital gains tax rates drop well below income tax rates, taxpayers react. On the positive side, the lower rate brings more risky, productive investments. On the negative, it prompts more unproductive accounting games. The Tax Reform Act of 1986 tried to end the games without killing entrepreneurship by setting both rates at 28%. (A quirk in the law kept the effective top rate at 33%.) But since 1992, as the chart on the previous page shows, income and capital gains rates have followed very different paths. One inadvertent...
...Safety Administration ordered June 26 with nearly 450,000 tires--consumers get jolted with concern but also relief that someone is paying attention. Yet the volume of imports from China is straining the capacity of U.S. regulators to watch them, and those goods are overwhelming China's efforts to reform the eight disparate agencies that regulate its consumer products...
...battle over immigration reform in Congress is any indication, the final 18 months of George W. Bush's presidency may be marked by pitched--and very public--skirmishes between Republicans on the Hill and the Republican White House...
Though few people have actually seen Sicko yet, there's been wide-ranging speculation that the film and its maker could be the catalysts Americans need in order to demand reform of their ailing medical care system. With an emphasis on the 47 million uninsured in the U.S., Moore not only presents a chilling assessment of the status quo but goes on to advocate for the socialist approach of Canada, France and Cuba as a more effective alternative. "We're in a battle with these corporations who want to maintain their position," Moore said recently. "They don't want...
Nevertheless, some human-rights groups blame the donor community for their consistent unwillingness to pull aid when their pleas for reform aren't met. "The donors' list of conditions hardly changes over time, and the government simply ignores them year after year," says Brad Adams, Asia director of New York-based Human Rights Watch. "Hun Sen continues to run circles around the donors, making the same empty promises every year and laughing all the way to the bank...