Word: taxed
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...most perilous assumption about driving down the budget deficit is that, if the number of people out of work over the next two years moves up to the level where unemployment stays above 10% for any period of time, tax revenue into the Treasury will be so badly impaired that cutting costs in some large programs will not be able to make up for it. (See pictures of the Top 10 scared traders...
...Lower taxes might eventually create some jobs, but their efficacy has been recently tested with the Bush tax rebates. They didn’t work well. A new hypothesis should be that investing in infrastructure revives a failing economy better than lowering taxes. Roosevelt tried this, and it worked...
...Mankiw proudly pointed to lifting the country out of the recession in 2001 by supporting tax cuts, particularly for the wealthy, but neglected to see or admit that the cuts contributed to our current economic catastrophe. It is self-evident that by deregulating financial markets and dramatically increasing our national debt his policies simply postponed an intensified recession until...
...Earl has doggedly pursued waste, fraud and mismanagement [and] has the reputation of being one of the best inspector generals that we have in this town. I can't think of any more tenacious and efficient guardian of the hard-earned tax dollars the American people have entrusted us to wisely invest." - Barack Obama...
...ECHR are small or are duplicate complaints submitted by different plaintiffs. But in January, the ECHR announced a doozy: it said oil giant Yukos, which was effectively shut down by Moscow in 2006, three years after its boss, Mikhail Khodorkovsky, was thrown into prison on charges of fraud and tax evasion, could proceed with a lawsuit seeking $34 billion in damages against the Russian government. It is the largest claim the ECHR has agreed to consider and the first ever involving a corporation. The financial and political fallout from an ECHR judgment could be immense...