Word: taxed
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...required to buy and trade in an open market. Not only will this efficiently reduce carbon emissions, but the administration projects that it would raise $79 billion in revenue. Importantly, the flexibility of cap-and-trade should make it a politically viable alternative to solutions like the gas tax, which has faced undeserved popular and congressional opposition in the past...
...Accomplishing these radical changes will require unprecedented tax increases. Fortunately, the Obama administration has aimed these hikes at the right brackets—the top five percent of taxpayers and what some have called the “shadow banking industry,” namely hedge funds and private equity firms. Currently taxed at only capital gains rates, these money managers would now face income tax rates, yielding a projected $24 billion in tax revenue. Not only is this logical, since they earn their income through capital gains, but it is the right target in leveling the playing field...
...obvious defense—that Will’s is an opinion piece—strains credulity. The objection to Will’s piece is not ideological; indeed, it is highly doubtful that an intellectually honest column arguing against a cap-and-trade system or carbon tax would have provoked a similar uproar. The objection is rather to Will’s repeated mischaracterization of his sources in support of assertions that are simply erroneous. The piece’s presence on the op-ed page does not excuse the editors of the Post’s decision...
...released on Thursday. "I want to pass a budget next year that ensures that each dollar we spend reflects only our most important national priorities," Obama said on Tuesday night. The anticipated austerity of that budget, which will likely allow President George W. Bush's tax cuts for the wealthiest Americans to lapse and include a road map for health-care reform, will look all the more severe when compared with the bloated 2009 numbers. And while the Obama Administration is turning a blind eye to the 2009 earmarks, White House officials say they fully expect Congress to live...
...last fall, Kennedy's group has held biweekly meetings that feel somewhat like a college class - albeit the most advanced seminar on health policy on the planet. There's a curriculum for each of the two-hour sessions; topics have ranged from benefits packages and employer mandates to tax treatment of health insurance, payment reform and prevention and wellness. Although they are about halfway through the agenda, participants say progress has already been made. The group agrees on broad principles like a focus on prevention, a commitment to cutting costs and universal coverage approached through the expansion of employer plans...