Word: taxed
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...White says that the group schedules its phonebanks so that the students can use their free cell phone minutes to make the calls. Nelson is now using those minutes to tell the Colorado woman about Obama’s tax plan...
...Obama seeks not only to maintain restrictions on the domestic oil supply but also to impose a windfall profits tax on oil companies in order to provide a $1,000 rebate to families for purchasing gasoline. Under this corporate tax, the cost of production for domestic oil companies would increase. Companies would then decrease production, reducing supply, and increasing prices to consumers to an extent that offsets the rebate. Corporate oil taxes have been implemented–and have failed–before. Under the Carter administration, this type of tax proved to be inefficient, meaning that families might...
...creation likewise initiates contention on liberal college campuses. The US has the second highest corporate tax rate in the industrialized world at 39.3 percent. McCain plans to cut the corporate tax rate by 10 percent, encouraging businesses to hire more workers and remain in the US. Obama’s plans to raise the corporate tax rate would have the opposite effect; businesses would be forced to cut jobs and may choose to leave the US for a nation with lower taxes. Despite his recent rise to fame, Joe the Plumber may only have a future in Calcutta...
...McCain wants to expand the Federal Family Education Loan Program that provides subsidies to lenders offering parent and student loans. In the long-term, his stance on social security makes sense for a generation being disinherited by the flawed institution. Obama’s proposal of increasing the income tax for social security pales in comparison to McCain’s introduction of personal accounts...
...jump in business failures is one reason why Tokyo yesterday announced a $51 billion economic stimulus package aimed at restoring financial stability to the country. Among other measures, the government will inject more money than originally planned into financial institutions, offer tax breaks on housing loans, and guarantee loans taken out by small-and medium-sized businesses. Prime Minister Taro Aso said the radical package was needed because "a harsh storm seen only once in 100 years is raging...