Word: repeals
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...points out that even a reduced, $160 billion surplus amounts to the second largest ever. Republicans predict that Bush's tax rebate will soon give the sluggish economy a lift, generating more growth and higher tax receipts. And they claim that the real goal of the Democrats is to repeal Bush's tax cut. As Senator Pete Domenici, the ranking Republican on the Senate Budget Committee, put it, "If you really want to drive this country into the economic ditch, raise taxes during a slowdown...
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...