Word: taxed
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...Healy. “Even though this is bad news, we have only just begun,” said Brian P. Murphy ’86-’87, the vice mayor of the City of Cambridge. He said that the income generated by the capital gains tax is expected to be reduced by at least $750 million in the fiscal year of 2009, citing the data presented at the Massachusetts Taxpayers Foundation. Massachusetts governor Deval L. Patrick ’78 implemented the budget cuts on Oct. 15, as a response to an estimated state budget deficit...
...Summers said at one point, drawing laughter from the nearly 30 people in attendance at the event. “The difference in economic approaches by either candidate is that one is sophisticated and the other is not.” Summers identified Obama’s proposed tax cuts for the middle class and his emphasis on a cooperative foreign policy as key progressive elements of the presiddential hopeful’s platform. “Economic outcomes have been better under more progressive leadership,” he said, crediting the policies of former president Bill Clinton with...
...appearances as political rallies, Uncle Sam's election campaign contributions have been varied. During Hillary Clinton's first U.S. Senate campaign in 2000, the Democratic Party frequently sent a young volunteer dressed as Uncle Sam to her opponent's campaign events, to publicly ask him to disclose his tax returns...
...financial aid initiatives and other programs centered on affordability. Beyond colleges themselves, policymakers also have an important role to play in making college affordable for all Americans. Some state governments have already taken encouraging steps. In Minnesota and Illinois, for example, parents can save thousands of dollars in tax-deferred investment accounts years before their children graduate from high school. Such plans not only ensure that families have a secure source of money for college tuition, but also help investing this money back into the strained American economy. Georgia high school students have already benefited from the HOPE scholarship, which...
...race winds down, Sununu has responded to such attacks with an unorthodox move-trying to tie his Democratic opponent to Bush. Sununu's campaign has released an ad pointing out that Shaheen initially supported the war in Iraq as well as Bush's tax cuts, and using footage of her repeatedly saying "I'll stand with President Bush" in 2002. It's a long-shot effort from a politician whose rise has been halted by an unpopular president. "If the question is who is closer to Bush," says a top Shaheen strategist, "that's an easy one. He loses...