Word: surtax
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Dates: during 2000-2009
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...Will the U.S. Pay for the War? Many of Obama's Democratic allies in Congress are already saying that any reinforcements should be paid for with a war surtax. That, of course, is a fiscal fig leaf for antiwar sentiment within the party that helped win Obama its presidential nomination. The tax proposal may make political sense during a recession, but the estimated cost of the additional troops - perhaps $40 billion annually - is just over 1% of this year's federal budget. Don't expect Obama to play bean counter tonight, which will upset Democrats more than the GOP. (Read...
Assuming, as the smart money is betting, that Obama pursues an Afghan surge, why not propose a surtax on the wealthiest Americans to pay for it and, for that matter, to pay for the entire Afghan war from this point forward? Such a tax could be deferred a year or two until we’ve emerged more from the recession so bad economic timing wouldn’t have to be an issue. How better to send the message that (1) certain things have to be done, even though they cost money; (2) increasing the deficit in the short...
...sell by insisting that health-care reform be deficit neutral. Why not take something that Republicans currently are clamoring for, in spite of the fact that it costs a staggering amount of money, and force them to prove their fiscal-conservative bona fides? Surely, the Republicans will oppose any surtax and lose a lot of their deficit-hawk street cred in the process, while Obama, for better or worse, can be branded as “Mr. Deficit-Neutral...
Better, long-term research is needed - and it can't come from the cell-phone industry. (Some scientists have suggested levying a $1 surtax on phones to fund new studies.) For now, you can use a Bluetooth or wired headset or simply talk on your cell phone less to reduce the amount of radiation that bombards your skull. You can also choose a low-radiation cell phone; the EWG has created a searchable online database that ranks the radiation levels of more than 1,200 models. (Sorry, Apple fans, your iPhone ranks pretty high.) And finally, take a cue from...
...aggressive agenda for a Democrat in a Republican-leaning district. As he looks toward 2010, the last thing Moore needs is a revolt of small-business owners. Yet they are among the constituencies targeted to pony up for expanded health coverage through new payroll taxes and a surtax on high incomes. (See the top 10 health-care-reform players...