Word: taxed
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...elected her at both local and state levels, would be suspected of becoming partisan once elected to national office? It seems to me that Alaskan Governor Palin would be just the person to help do for America what she has done for Alaska and Wasilla: increase revenues, decrease spending, tax windfalls and ensure greater dividends are returned to her present constituents. So what if she has found only 2% of Alaska's budget to be pork? No one else was looking. In Palin, America just may have a Vice President who knows how to exploit the national government's bureaucracy...
California "If I ask, Should we bail out Wall Street?, you won't get 1 in 50 of my constituents to say yes," says Pete Stark, the Democratic Congressman from the Fremont area. "They don't want their tax money to pay for this." And so he voted against the measure. "Fremont has one of the highest foreclosure rates in California, and unemployment is high. I think their feeling is, Why should you be bailing out Wall Street when we know people who can't afford junior college tuition? They see the Wall Street giants as extremely rich people very...
...take a different look at that beating on the Dow. Turn the $1.2 trillion into a gain (say, by passing a bailout law that actually loosens stuck gears of credit) and the long-term capital gains tax on it is $180 billion, which could buy a lot of crap CDOs. And then perhaps resell them at a profit. If we take that $1.2 trillion as a loss, the government foregoes tax money, because taxpayers will report lower incomes after they write off investment losses. Revenues drop, so the government then has to keep priming the pump by increasing spending, which...
...fear is that in the long term with a very expensive war, and perhaps a very expensive bailout, and a recession that decreases tax revenues, it will be very hard to get the kind of funding into science and engineering that is absolutely needed,” said Harvard Provost Steven E. Hyman, who is a member of the Coalition for Life Sciences, which advocates for the NIH budget...
...alternate route, described by two aides as a "nuclear" option, is for the Senate to pass a measure first, then adjourn and force the House to accept the Senate measure. Such a move would need to be attached to an innocuous tax bill already pending before the Senate in order to circumvent a constitutional mandate that all tax writing must originate in the House. "We always keep tax bills available for such situations," said Jim Manley, a senior adviser to Senate majority leader Harry Reid. "But I don't see that happening as of right...