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...that he would temporarily step down as chairman of the powerful House Ways and Means Committee. While the probe has already confirmed that Rangel violated congressional gift rules by going on two corporate-sponsored Caribbean trips, the list of additional allegations before the panel is a lengthy one, including tax violations involving his Dominican Republic home and the illegal use of a New York City apartment as a campaign office...

Author: /time Magazine | Title: The World | 3/15/2010 | See Source »

...Sales tax from 19% to 21% and tax hikes on fuel, alcohol and cigarettes...

Author: /time Magazine | Title: The World | 3/15/2010 | See Source »

Greece announced additional tax hikes and further salary cuts for government workers on March 3 in the hope of addressing its 13% budget deficit. The measures, estimated to generate $6.6 billion in savings this year, paved the way for assistance from the European Union, which had pressed the country to make greater fiscal sacrifices. While Greece has garnered support from its European neighbors, the plan is certain to further outrage citizens, who have staged strikes and protests over the past few weeks...

Author: /time Magazine | Title: The World | 3/15/2010 | See Source »

...scenes, the call for more job-creating ideas had already gone out to the PERAB. In response, Doerr asked a young San Francisco entrepreneur, Matt Golden, to begin working with a Massachusetts-based energy-efficiency specialist, Stephen Cowell, on a multibillion-dollar plan under which Washington would offer tax breaks for all kinds of consumer purchases and home improvements that reduce energy use. By November, Doerr made his Roosevelt Room presentation, and before long, the Home Star plan was on the President's desk. Doerr sees Home Star as the next step in creating a new national focus on energy...

Author: /time Magazine | Title: How Fundraising Helped Shape Obama's Green Agenda | 3/15/2010 | See Source »

...desperate-looking attack ads, say many Florida political experts, Crist should emphasize a gubernatorial record that's more Republican-friendly than his foes admit. "Crist did preside over one of the largest tax reductions in Florida history," says Sean Foreman, a political scientist at Barry University in Miami, referring to Crist's multibillion-dollar property-tax cuts. "He needs to define Rubio, but he also needs to define himself better, especially his experience vs. Rubio's lack of it. If he does that, I still think Crist hasn't lost this...

Author: /time Magazine | Title: In Florida, Can Crist Turn the Tide Against Rubio? | 3/15/2010 | See Source »

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