Word: taxed
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Congress loves to get tough with foreigners when it writes trade bills, but it hates to get tough with itself when it sets tax rates and funds expensive programs. For his part, the President continues to bank on the wishful thinking that the economy can grow its way out of the red; he refuses to face up to the reality that spending cuts and higher taxes are needed to make real progress toward reducing the $155.1 billion budget deficit...
...practices like dumping and import barriers. Its key advantages are national self-discipline, including a capacity for self- sacrifice. Economists have long noted that the Japanese people save at triple the rate that Americans do. They produce more than they consume, while Americans do the opposite. The effective corporate tax rate has been 50% higher in Japan than in the U.S., and in the upper brackets, personal income tax rates are also significantly higher...
...budget deficit. The White House expects the economy to expand by a robust 3.3% in 1989, vs. the 2.7% growth rate predicted by a consensus of top private forecasters. The Administration's scenario for a fast-moving economy would raise more than $80 billion in fresh tax revenues and help Bush meet the $100 billion deficit ceiling mandated by the Gramm-Rudman law for fiscal...
...Bush may be handing over the economic throttle to Greenspan by failing to take any tough deficit-reduction measures that might remove the heat from prices and interest rates. The Administration has little real chance to hit the Gramm-Rudman target without a tax increase, which Bush has ruled out, or politically unpopular spending cuts, which the President seems loath to initiate. Bush's strategy of leaving the hard choices to Congress has led so far to budget gridlock. Concedes a senior Administration official: "If Congress accepts our budget, economic growth and inflation and interest rates will take care...
...results speak for themselves. Last year church revenues totaled $8.2 million -- tax free, of course. Church attendance was up 28% over 1987. Contributions average $140,000 a week. The church is about to break ground for a $10 million addition to house classrooms, a ministry center and a gymnasium...