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...water pollution from coal - remain external, paid for not by utilities or coal companies but society as a whole. The coal industry itself estimates that taking better care of fly ash could cost as much as $5 billion a year - and if the government imposed a tax or cap on carbon dioxide, the price of coal would certainly rise. "For all the money the industry has spent to mislead the public, [Kingston] shows that there really is no such thing as clean and cheap coal in the U.S," says Bruce Nilles, the director of the Sierra Club's National Coal...

Author: /time Magazine | Title: Exposing the Myth of Clean Coal Power | 1/10/2009 | See Source »

...Tax assessors across the country have seen an uptick in the number of homeowners challenging their homes' appraisal value. The Wall Street Journal reported that in St. Tammany Parish, La., 15,000 residents - instead of the usual 500 - requested a review of their 2008 tax bills. And the Cleveland Plain Dealer reported that Cuyahoga County, which has about 1,300 foreclosures a month, saw three times as many appeals in 2007 compared with previous tax cycles. (See pictures of Cleveland's housing crisis...

Author: /time Magazine | Title: Why Does Your Devalued Home Have Such a High Tax Rate? | 1/10/2009 | See Source »

Lindsey is one of several Georgia state lawmakers currently calling for property tax reform. It's a mission fueled by head-scratching homeowners who can't fathom why they are paying higher taxes on homes with tumbling prices. However, with at least 44 states facing budget woes in the coming year, it's a movement that, if successful, could make it tougher on states to raise revenues. And yet, with the Georgia general assembly about to start its session next week, Lindsey says he hopes both houses will quickly pass his bill to cap growth in assessments...

Author: /time Magazine | Title: Why Does Your Devalued Home Have Such a High Tax Rate? | 1/10/2009 | See Source »

...Fort told TIME. "Those officials, those school boards, those city councils are going to be held accountable by their constituents and [these caps aren't] helpful when state cuts are requiring cities to look at how to raise revenues. Localities need to be able to control their own property tax...

Author: /time Magazine | Title: Why Does Your Devalued Home Have Such a High Tax Rate? | 1/10/2009 | See Source »

...make an error having to do with district unemployment tax payment, but it has been corrected." - Obama transition spokesman Tommy Vietor, on Killefer's run-in with the IRS, Associated Press...

Author: /time Magazine | Title: Chief Performance Officer: Nancy Killefer | 1/9/2009 | See Source »

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