Word: taxed
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...conclusion, then, is that policymakers probably can't bolster how well kids do in school simply by crafting programs to encourage homeownership. The $100 billion-plus in annual tax breaks and subsidies sent the way of homeowners might do many things, but helping the nation's children doesn't necessarily appear to be one of them. "You can't conclude that by making more people into homeowners you can cause all these other good things to happen," says Barker, "because maybe these people are different in the first place...
...Many Americans find it hard to feel sorry for Valladares and all the other Floridians who pay no state income tax. Floridians are indeed guilty of an arrogant belief that living in "paradise" should be a birthright as cheap as gassing up an SUV. It was, until Florida's relentless and miserably planned growth spawned problems that the peninsula is struggling to handle, including skyrocketing property taxes and hurricane-insurance premiums. Governor Charlie Crist has tried in recent years to rein in those twin vampires, but together they can still exceed what folks in many other states pay for state...
...Jones gets it, but residents are starting to question whether the rest of their leaders do. Homeowners, especially in Broward and Miami-Dade, have been falling out of their flip-flops in recent days as they open their preliminary property-tax notices to find increases of 15% or more. That's sizable in a low-income region where the median property-tax bill is already some $3,000, and it's doubly frustrating given that property values have slid by some 25% during Florida's housing bust. Residents have barely digested the recent news that their hurricane-insurance premiums, which...
...wasteful spending," partly through reductions in civil-servant-personnel costs and the upkeep of government offices, in order to realize its campaign promises over the next four years. Those promises include cash handouts to families with children, free high school education, free highways, a four-year freeze on consumption tax (now at 5%) and a curbing of bond issuances. The DPJ must deliver on its promises without increasing the level of deficit financing "to demonstrate that they're fiscally responsible," says Gerald Curtis, a Japanese-politics expert and professor at Columbia University...
...exports if the government uses deregulation to stimulate domestic consumption, says Naohiro Yashiro, an economics professor at Tokyo's International Christian University. The DPJ plans to do that by increasing household income through monthly child allowances and the elimination of highway tolls, which should have the same effect as tax cuts. It also aims to develop new environmental technologies and create jobs in nursing, health care and agriculture. Toshihiro Ihori, an economics professor at Tokyo University, says that in addition to regulatory reform, offering favorable treatment to skilled foreign labor and foreign corporations would generate more investment and domestic economic...