Word: taxed
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...government's plan to create jobs is not set up to cope with a situation in which jobs are lost at a rate of 2 million per quarter. Even advocates of tax cuts would have to admit that the money any cuts would add to business and consumer wallets would not make much difference in the next several months. That may be academic. The Administration is proposing a modest cut for most people, but it is just that - a modest cut. Businesses that will be taxed at a higher rate will have to decide whether that drain affects how many...
...Beyond our own priorities as a university, Harvard must also recognize that it has an obligation to its neighbors and surrounding communities. As a recognized nonprofit, Harvard receives substantial tax breaks in return for providing educational services and stimulating local economies. Layoffs may allow Harvard to breathe easy, but in doing so they are simply shifting the burden of labor costs onto the cities of Boston and Cambridge and local taxpayers. Because Harvard is one of the largest employers in Massachusetts, any substantial layoffs at Harvard will dramatically affect neighboring communities—those that don’t have...
...said his ideal political platform would include: a 17% flat tax; private social security; arctic drilling; revoking Jimmy Carter's passport...
...knows enough to make health reform happen this year. Her position, which is informally called White House health czar, was originally created as an add-on title for former Senate majority leader Tom Daschle, who had to withdraw from consideration for Health and Human Services Secretary because of tax problems. But with Daschle out, the White House decided that it still needed a high-level coordinator for the reform effort. "It's good to have someone who is really riding herd and only thinking of one thing," said one White House official...
...Tuesday morning, Baucus predicted that his committee could have legislation on the Senate floor as early as June, adding, "The conversation is going great guns." Among the ideas the six-term Montana Senator said he is willing to consider is one that has significant support among Republicans: changing the tax treatment of employer-provided health benefits, so that they might not be fully deductible for companies that provide them, and would be treated as income for the workers who receive them. Health-care experts say this would have the effect of encouraging more people to buy their insurance individually, rather...