Word: supporter
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Most tax plans start with increasing the portion that the very wealthy pay as a percent of their income. That is not just true in America. It is a global way of raising money to support government programs, and, by most accounts, it is fairly successful. The major argument against this form of taxation that taxing people who make a lot of money will diminish their entrepreneurial incentives. The wealthy will lose their desire to create more wealth...
...perfect condition, Citigroup may end up with a 2 on its stress test. The government will require it to take more taxpayer capital and the firm may then have ample reserves. Wells Fargo (WFC) could achieve a grade of 8 and then not need to take any financial support from the Treasury. Wells Fargo's shareholders then benefit because their shares are not diluted...
...form Israel's next government, even though Tzipi Livni's centrist Kadima party won one more seat in Israel's Feb. 10 parliamentary election. According to President Shimon Peres, who under Israeli law is allowed to select the party leader best equipped to assemble a coalition, Netanyahu's support among far-right parties gave him the advantage over Livni, who has clashed with Likud on its hard-line stance regarding Palestinian peace talks. Netanyahu must forge his coalition within six weeks in order to be confirmed as Prime Minister...
...campaign; the 19-month option he is expected to announce this week (dated from Obama's first day in office, or 18 months from now) and a 23-month schedule favored by some commanders in Iraq. The plan would leave up to 50,000 trainers and other U.S. support troops in Iraq until 2012, when the U.S. must pull all troops out or get approval from the Iraqi government for them to stay longer...
...court's ruling is likely to feed support for the upcoming lawyer-led "long march," scheduled in two weeks. Sharif and smaller opposition groups maintain that Chaudhry is the rightful Chief Justice and should be reinstated immediately. The ruling coalition argues that he is "too politicized" to return to office. And while the opposition says it has no wish to derail Pakistan's fledgling democracy, critics fear that street protests could tip the country into deeper chaos, or even invite military intervention. Pakistan's armed forces have always been the country's ultimate power broker, if not its true center...