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...unrestricted, general purpose funds—and lottery assistance, which are being cut, as opposed to protected Chapter 70 school assistance. Patrick is proposing several schemes to raise revenue in order to minimize the local aid cut for the coming fiscal year, including a 1 percent increase in statewide taxes on meals and hotels, which would raise $150 million to go directly to towns and cities. In addition, Patrick will attempt to give local communities authority to raise the meals and hotels taxes an additional percentage point; he also plans to eliminate a property tax exemption for telecommunications companies. Furthermore...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Cambridge Faces Aid Reduction By State | 1/30/2009 | See Source »

...Geithner's Tax Code...

Author: /time Magazine | Title: Inbox | 1/29/2009 | See Source »

Early Wednesday evening, the House of Representatives passed President Obama's $819 billion plan to stimulate the struggling U.S. economy. But while the package that passed in a 244-188 nearly party-line vote (and didn't garner a single Republican vote) included a bevy of tax cuts and spending programs, one particular item that has been the subject of much debate this week was notably missing...

Author: /time Magazine | Title: Behind the Family-Planning Flap | 1/29/2009 | See Source »

...supposed to create jobs to instead "fund the abortion industry" and pass out contraceptives. The Republicans were caught off guard when Obama called their bluff and asked congressional Democrats to remove the provision - and fell back to complaining about the bill's cost and the insufficient size of tax cuts. But then it was liberals' turn to be up in arms over Obama's "betrayal," with some bloggers and pundits accusing the President of "throwing low-income women under the bus" in a pointless effort to woo Republicans who ultimately weren't going to vote for the package anyway...

Author: /time Magazine | Title: Behind the Family-Planning Flap | 1/29/2009 | See Source »

...Muslim market. And while some praised the group for taking on the tobacco lobby in its antismoking efforts, the clerics fell short of banning the habit outright - not surprising in a country where cigarette companies employ tens of millions of people and are among the biggest sources of tax revenues for the government. (Read "In the Mecca of Celebrity Yoga...

Author: /time Magazine | Title: Indonesia's Fatwa Against Yoga | 1/29/2009 | See Source »

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