Word: repeals
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...story of a man named Charlie who rides "forever 'neath the streets of Boston," without a nickel to pay the subway's new exit fare. Walter O'Brien, a Boston politician, used the tale of the famous "man who never returned" in his 1948 mayoral campaign, promising to repeal the fare hike and "get Charlie...
...child tax credit and reducing the marriage penalty--but since the thrust of his plan is an across-the-board cut, the wealthy folks who pay the bulk of the taxes would enjoy the greatest gains (the top tax bracket would drop from 39.6% to 33%). Bush would also repeal the estate tax, which in addition to providing needed relief to family farmers and small-business owners would deliver a windfall to the very rich. Result: a small number of affluent people would get almost half of the benefit from Bush's plan...
...child tax credit and reducing the marriage penalty--but since the thrust of his plan is an across-the-board cut, the wealthy folks who pay the bulk of the taxes would enjoy the greatest gains (the top tax bracket would drop from 39.6% to 33%). Bush would also repeal the estate tax, which in addition to providing needed relief to family farmers and small-business owners would deliver a windfall to the very rich. Result: a small number of affluent people would get almost half of the benefit from Bush's plan...
Critics argue that repeal will cost the Treasury $105 billion over 10 years--a revenue shortfall that the middle class will have to make up. But that is a) far from proved and b) a pittance next to the $2.2 trillion projected budget surplus over the next 10 years (not counting the Social Security surplus), which strongly suggests there would be no shortfall...
Still concerned about the privileged getting too big a break? Take solace in the fact that the current repeal bill would hit the superrich with an additional levy on capital gains that common folk will never see. So it would not be a total free ride for the well-to-do, while for small-business owners, it would be welcome relief...