Word: taxed
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...have relied on borrowing to cover more of these costs than we have in earlier wars - which will likely increase the ultimate price we have to pay." That refusal to spell out the full cost can lead to unwise spending increases elsewhere in the federal budget or unwarranted tax cuts. "A sound budgeting process forces policymakers to recognize the true costs of their policy choices," Kosiak adds. "Not only did we not raise taxes, we cut taxes and significantly expanded spending...
...Alabama has been particularly aggressive. Since the early 1990s, the state has offered German-based Mercedes, Japan's Honda and South Korea's Hyundai a staggering $1 billion in tax incentives, abatements and infrastructure improvements to build plants there. The return on investment has been $7 billion, creating almost 50,000 direct jobs and another 70,000 in sectors like parts suppliers. The population of the town of Vance, where the 4,000-employee Mercedes factory is located, has leapt from 500 to 2,000. Unlike the local sawmill, fertilizer plant or rock quarry, residents feel Mercedes "is going...
...problem, from labor's point of view, is that Obama needs the business community's support to pass his first priority: a massive economic recovery package, as much as $850 billion in infrastructure projects and middle class tax cuts. And if there's one item atop the business community's agenda this year, it is to defeat EFCA - also known as card check, since it would replace secret ballots with cards. "The Obama administration wants to pass the stimulus and they need the business community to do that," says Randy Johnson, vice president for labor issues at the U.S. Chamber...
...over the past five months, sustainable energy is becoming less competitive economically and projects are being delayed or shelved worldwide. Besides, Kuzumaki's energy infrastructure would be difficult if not impossible to duplicate elsewhere, especially on a large scale. Investment in the town's projects - paid for by local tax revenues, private investors and the prefectural and central governments - totals $50 million. That's about $6,000 per resident, an amount that would pay the electricity bill for an average Tokyo family of four for more than seven years...
...millions of prizes. Over the course of the six months while the tickets are on sale, the "decimos" get divided and subdivided so that more people can try their luck for as little upfront money as possible. In return, they have a chance of winning a lump sum, tax-free payment up to about $4.3 million for the top prize...