Word: taxed
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...MBTA’s primary source of revenue comes from the state sales tax, which has generated far less this year than predicted...
...billion American Recovery and Reinvestment Act. The ARRA will provide an additional $17 billion for Pell Grants in fiscal years 2009 and 2010; funding for the current fiscal year is $16.2 billion, with 6.1 million students participating. The stimulus package is also providing nearly $14 billion in tuition tax credits for middle-class families, raising the current cut from $1,800 to $2,500. “With regards to Pell grants and student loans, the funding is in place, so even though there is an increase in applications, it will have no effect on who qualifies...
...tires of pointing out. He included items that President George W. Bush did not to obscure the true operating cost of the government, such as the money for the wars in Iraq and Afghanistan, an annual multibillion-dollar fix of the fees that Medicare pays physicians and Alternative Minimum Tax relief for the middle class. "At least the budget that the Obama Administration presented, even though it's huge and it's a huge deficit - and that enables the other team to beat up on it - the truth is that it's honest and truthful," says Representative John Tanner...
...Presidential budgets are traditionally a first offer in what has to be one of the highest-stakes negotiations in the world. Obama fully expects to not get everything he wants - his proposal to lower the rate of tax deductions for the wealthy looks to be dead on arrival - just as many moderates will likely have to hold their nose to vote for it. And now that they have the country's financial woes laid out before them, next year they are hoping to take out the knives. "At least this way people see the magnitude of the problem," says Representative...
...traditionalists push for upper-income tax cuts. The reformers want to cut the payroll taxes paid by the middle class. Traditionalists often deny that global warming is real. Reformers just want to make sure that our answer to it is cost-effective. Traditionalists want to hold the line on government spending. Reformers think it's more important for Republicans to advocate market-friendly solutions to problems such as rising health-care costs and traffic congestion...