Word: repeals
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Dates: during 2000-2009
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Levine first worked closely with Summers when she was a deputy assistant secretary at the Treasury Department while summers was deputy secretary and later secretary of the department. She was involved in the repeal of the Glass-Steagal banking act, one of Summers’ major accomplishments, as well as some of the other legislative victories the department claims...
...wonder lawmakers in 10 of the 18 states with limits are trying to repeal them or, at least, lengthen how long they can serve--and never mind that voters enacted limits by more than 65% in most states or that support remains high. Oregon was one of the first states to adopt limits, in 1992, but after shuffling through five house speakers in five sessions, the legislature just approved a ballot referendum to repeal limits...
...sponsors of the bill--those who know it best--are hard-pressed to explain it. Topping the list of odd features is the "sunset" provision that repeals the entire bill at the end of 2010. Budget rules require Congress to include a sunset clause in all major tax legislation, but this sunset arrives a year early--after 10 years instead of the 11 years covered by the current budget resolution. That year was shaved off to keep the total cost of the bill under $1.35 trillion. By repealing the legislation in the 10th year, Congress saved billions of dollars. Without...
...coins that are traded by brokers to be put in individual retirement accounts. The coin market has gone into orbit the last 20 years with some rare currencies commanding million-dollar price tags. Numismatists have a powerful lobby on Capitol Hill, and coin dealers have been fighting hard to repeal a 1981 law barring rare coins from being included in IRAs. No, you couldn't turn that penny jar you've got stored in the closet into an IRA. But if you've got a coin broker making money for you in a nationally recognized coin-trading network, Breaux...
...most relief. But that's hardly a populist cry. Under the Senate proposal, after the taxes are fully phased in by 2011, the top 1% of earners--those now making $373,000 or more a year--would get an average tax cut of $37,300 (including the projected repeal of the estate tax), according to the Center on Budget and Policy Priorities. That's less than the $46,700 they would have got under the original Bush plan but a long way from the average tax cut of $562 that the middle-of-the-pack taxpayer would receive...