Word: taxed
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Dates: during 2000-2009
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Cutler and Mankiw also agreed that the gasoline tax holiday—which McCain and Hillary Clinton supported but Obama opposed—was an ill-advised proposal. Cutler called it “terrible” and Mankiw called it a “crazy populist idea.” Mankiw said he gives Obama “a lot of credit” for resisting the call to suspend the gas tax...
...would be President have been running for months in a parallel universe, a place where a Chief Executive changes laws by waving a hand and reorders society at the stroke of a pen. "When I am President," the candidates declare - and off they go into dreamspeak, describing tax codes down to the last decimal point and sketching health-care reforms far beyond the power of any single person to enact. In their imaginary, reassuring cosmos, America is always a mere 10 years - and one new President - away from energy independence. And the ills of the federal budget can be cured...
There was a similar unveiling in 1992. Like Obama, Bill Clinton campaigned for the White House on a platform of middle-class tax cuts and a free-market-friendly approach to public policy. The government doesn't "spend" tax money in the New Democrats' lexicon. It "invests" in the future. And like Obama, Clinton saw another version of himself painted by the opposition: a pot-smoking, war-protesting, bureaucrat-loving, income-redistributing radical...
When the voters called for the "real" Clinton to take office, he stumbled. His transition team was disorganized. He abandoned his tax cuts and worried about the bond market instead. He pitched into a needless controversy over gays in the military. His crime-fighting proposals were drowned out by his difficulty in finding an Attorney General who had paid all her taxes. He antagonized the White House press corps and seemed unsure in his dealings with the Democrats who ran Congress. He took his eye off the ball overseas and let a police action in Somalia turn into a national...
...other hand, in a period of ballooning deficits, an energy bill has the advantage of seeming to pay for itself. The sale of carbon-emission permits would raise billions of dollars, money Congress could then disperse in the form of grants for alternative-energy research, tax credits for greening homes and businesses, and loans to retool inefficient industries - starting with Detroit's struggling automakers. Republicans doomed a Clinton-era attempt to do something similar by christening the plan a "carbon tax." For Obama to succeed, he would have to convince the public that this tax is truly an "investment...