Word: schwab
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Dates: during 2000-2009
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Then there's the man credited with persuading President Bush to dump the dividend tax--Charles Schwab. Founder of the discount brokerage firm, Schwab took part in the President's Economic Forum in Waco, Texas, in August 2002. As the President listened to speakers lay out proposals for getting the economy moving, Schwab ticked off several ideas, including a recommendation "to reduce the double taxation of dividends...
...President seized on it. "I love your ideas about...double taxation of dividends," he said. "That makes a lot of sense." Five months later the proposal was incorporated into the Bush tax plan. As for Schwab, he could trim $4 million from his tax bill...
Hubbard had been pushing the dividend idea for months, but Bush's imagination was captured by Charles Schwab, leader of the eponymous brokerage firm. Schwab suggested the maneuver to Bush at the economic summit that the President convened in Waco, Texas, last August. Bush bit like a hungry bass. Throughout the fall, the number crunchers at Treasury massaged the numbers on all the different elements of the plan, running different options by scores of outside economists. Bush did not seriously consider a payroll-tax reduction, which some economists argue is fairer and would provide the most immediate tax relief...
...easy remedy. He could draw from his own business defeats some empathy for the everyday victims of the current market malaise. But one day he is ducking questions, insisting all that matters is the economy's reviving fundamentals. The next he is doing what an adviser calls "his Charles Schwab imitation"--discussing price-earnings ratios and suggesting that bonds might be a good buy. Even his speech to Wall Street on corporate misconduct, which was promoted as proof that he shared investor outrage, was unconvincing to some. "You can tell when he really cares about something, when he's into...
...easy remedy. He could draw from his own business defeats some empathy for the everyday victims of the current market malaise. But one day he is ducking questions, insisting all that matters is the economy's reviving fundamentals. The next he is doing what an adviser calls "his Charles Schwab imitation"-discussing price-earnings ratios and suggesting that bonds might be a good buy. Even his speech to Wall Street on corporate misconduct, which was promoted as proof that he shared investor outrage, was unconvincing to some. "You can tell when he really cares about something, when he's into...