Word: repeals
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Most dubious is the idea of sweetening a repeal of the corporate alternative minimum tax with a refund of the $25 billion that companies have paid since the tax was instituted in 1986. How, precisely, does a retroactive tax cut give an incentive to future investment? Republicans say they are putting productive capacity into the hands of corporations that create jobs. Ford Motor Co. would be the biggest winner, getting a windfall of $2 billion. But as former Clinton Treasury Secretary Robert Rubin told House and Senate leaders last month, "I'm on the board of Ford Motor...
...says that the repeal of rent control put into effect by a 1994 statewide referendum has caused rents to triple—and in some neighborhoods quadruple—and has displaced a large number of working-class and poor families...
...pursuits. If rock and roll is indeed dead, perhaps hundreds of unemployed college kids can revive it. Here’s the kicker: more artsy people means more body piercing. Fortunately, there has never been a better time to go into the piercing industry, thanks to the October 2000 repeal of the anti-tattooing and piercing laws in Massachusetts...
...have committed human rights violations. The policy against hiring such agents was issued in the mid-1990s, after a Guatemalan Army officer who killed an American expatriate was found to have CIA ties. Although the case for recruiting spies from within terrorist organizations is simple, any effort to repeal the policy should take extreme care not to increase the power of individuals whose agendas may run fundamentally counter to that of the U.S. Soliciting information is one thing, but significant monetary rewards that might be used to equip, arm or strengthen human rights violators is quite another?...
...ready to admit the party's over. Virginia Republican Governor Jim Gilmore, who criticized Easley's tax increase, dealt with his state's $420 million shortfall by cutting pay raises for state workers and freezing construction projects at state universities. The Virginia legislature tried to block Gilmore's repeal of a state car tax so such deep cuts wouldn't be needed, but Gilmore prevailed. Now a new budget gap may force him to cut another $52 million...