Word: taxed
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...attend virtually any public school in the state, fines of up to $50 for parents who fail to show up for parent-teacher conferences and a minimum teacher salary of $16,000. But legislators, fearing a voter backlash, refused to pass a 1 cents boost in the sales tax to underwrite the package. Determined to carry through with his program, the Governor has been touring the state's small, backwoods communities since March to reignite enthusiasm for education reform and solicit support for the taxes to fund it. Says Clinton: "We need to make sure people know what the gains...
...election campaign largely unencumbered by substance, Democrats and Republicans last year were sharply divided by one pocketbook issue: whether to cut the tax on capital gains. George Bush favored the move as a way to encourage investment and create jobs. Democrats attacked it as welfare for the wealthy, since nearly 70% of individual capital gains are reported by taxpayers earning $100,000-plus a year...
Since the election, though, many Democrats have begun to see a certain expediency in welfare for the wealthy. The reason: a cut in the capital-gains tax would produce a burst of revenue for the Treasury, helping Congress meet its targets for reducing the federal budget deficit, at least in the short term -- the only term that seems to matter in Washington. During the first few years of a lower tax, investors would rush to realize the appreciation on their stocks and other assets and thus pay taxes on them earlier than planned. Once this spurt of early tax collections...
...Administration plan would cut capital-gains taxes to 15% but would also phase in a rule requiring investors to hold an asset for three years in order to qualify for this rate. The House measure, proposed by Georgia Democrat Ed Jenkins, would cut capital-gains taxes to 20% on investments held at least a year. But the cut would be short-lived; in two years the rate would return to 28% with indexing for inflation. Investors would be sure to roll over their assets and produce a quick windfall for the Treasury -- at the expense of future tax collections. House...
...President and Congress are serious about spurring new investment and jobs, insist experts on Wall Street, in Silicon Valley and in academia, they should redesign their tax reform. Some of the experts' suggestions...