Word: taxed
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Beltway News. Over six years and $621 million in tax dollars in the making, the Capitol Visitor Center opened on Dec. 2, featuring exhibits on how Congress works (or doesn't), plus artifacts like Thomas Jefferson's confidential letter to Congress asking it to fund Lewis and Clark's expedition. All tours of the Capitol will now begin and end at the Visitor Center. Admission and tours are free; make reservations online in advance, as tours fill up quickly...
...More program cuts seem inevitable as states are squeezed by rising costs for health care and education on one side and falling revenue on the other. According to a November survey of legislative fiscal officers included in the report, 18 states are seeing personal income tax come in below target, 26 states are watching sales tax fall below forecast, and 21 states are finding corporate income taxes to be less than what they expected. "State lawmakers knew that revenue growth was slowing, but no one could have foreseen just how dramatically the situation would change in a few short months...
...proposals suggest either a cap-and-trade method for reducing international carbon emissions or a government tax on carbon usage...
Still, the reports state that policy responses to global warming are often a tough sell because countries worry that a carbon cap or tax will put them at a disadvantage in the international marketplace...
...discussion at the meeting this week was the possibility of even more government stimulus coming in China - on top of the 4 trillion RMB ($588 billion) package China announced to great fanfare a month ago. Two weeks later, Beijing upped the ante with an interest-rate cut and tax rebates, and now there are unconfirmed reports that an additional spending plan is being prepared as China's economic data continue to weaken. That would not be surprising. The best way for China to help the world economy at this point is to help itself; not by exporting more...