Word: rosene
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...winners under Clinton's plan would probably be the armies of lawyers and accountants who would work overtime to get tax breaks for their clients. "Lawyers will tell you that any tax planner can make something look like a start-up," says Princeton University economist Harvey Rosen. At the same time, some studies show that cuts in capital-gains rates have done little to spur investment over the past 20 years. "It is not a major factor in terms of capital formation," notes Susan Wachter, professor of finance at the University of Pennsylvania's Wharton School. So for all their...
...Tsongas and Clinton business-tax proposals. On one hand, they argue, Tsongas' broad investment credit could be frittered away on real estate or other nonmanufacturing industries. And the one-year tax break would scarcely stimulate long-range growth. "In terms of a long-term agenda," says Princeton's Rosen, "a temporary tax credit is totally bizarre." On the other hand, Clinton's targeted credit could funnel funds to firms that don't need them and miss companies that do. "We don't really know which industries would be helped or hurt by this credit," says Wharton finance professor Wachter...
...disappointed," said James S. Rosen '92. "I was hoping that Tsongas would do better...
...wonderful," Rosen Professor of MusicDonald J. Martino said. "We're glad the finallyaccepted...
...suite. The practitioners were effective in at least one respect: their massive layoffs, often executed with the finesse of a Marine drill instructor, have left the atmosphere at many firms thick with hostility. "I feel like I'm walking along a geological fault line within U.S. companies," says Robert Rosen, author of a recent book, The Healthy Company. "There is more frustration and tension between employers and their employees than I've ever seen. Mutual cynicism and mistrust seem to be at an all-time high...