Word: repeals
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...their efforts, Kopczuk and Slemrod received the 2001 “Ig Nobel” prize for economics, a parody prize given out by a science humor journal. Yet we may soon find out if the researchers deserve the real Nobel instead. The Bush administration’s repeal of the estate tax will take place in 2010, but the tax will then come back into force on Jan. 1, 2011. This bizarre sequence of events provides the perfect test case for the death-and-taxes theory. Will prospective heirs request extraordinary measures as 2009 draws to a close...
...Drug offenders, on the other hand, may be prevented from attending college and from achieving a higher level of education, stunting their socio-economic mobility and prospects for a better future. Legislation sponsored by Rep. Barney Frank ’61-’62 (D-Mass.), which would repeal this provision, is currently under consideration in the House of Representatives...
...drugs were legalized—and then taxed and regulated by the federal government—fatalities due to drug abuse would decrease, he said, much as drinking-related deaths fell after the repeal of Prohibition in the 1930s...
Zeman retorted that the Czechs would not consider removing the laws, the underlying fear being that their repeal would open the floodgates to demands for restitution. "Why should we single out the Benes Decrees?" Czech Foreign Minister Jan Kavan told Time. "They belong to the past and should stay in the past. Many current members of the E.U. had similar laws." German Chancellor Gerhard Schröder admitted that "in this heated debate, a rational discussion of such questions is much more difficult," but also doubted there would be any long-term damage to German-Czech relations...
Summers was excoriated when as Deputy Secretary he slipped up and said that those favoring a repeal of the estate tax were selfish. A strong push for new regulation on corporate tax shelters went against the hopes of the business community. And as a chief architect of the administration’s 1995 bailout Mexico’s failing economy, Summers was often a lightening rod for criticism...