Word: taxed
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...issue of executive compensation nearly blew up the bill in the final talks, which for some staff went well past 3:30 a.m. Sunday morning. But a compromise was reached that places a tax on executive salaries and bonuses of $500,000 or more at companies in which the Treasury has bought more than $300 million in assets at auction. For companies in which the Treasury intervenes directly, a 20% surcharge on golden parachutes is instituted...
...What have been the most egregious distortions in the campaign so far? Just about anything McCain has done on Obama's tax policies. We've called that a pattern of misrepresentation and it's continuing and it's working. I see that a couple of polls show 50% or more people think Obama's going to increase their taxes, when in fact he's going to cut them for 80-90% of people, or so he says...
...cohesive and sensible energy policy for years to come. While the concession to offshore drilling advocates is unfortunate, it was a necessary sacrifice in securing more significant provisions: the removal of enormous subsidies given to the oil companies in 2005 and the redistribution of this revenue to extend tax credits for renewable energy firms. There is no doubt that the United States is facing major problems in the energy sector, especially the supply of petroleum products for the transportation sector. Since 2003, the price of oil futures contracts on the New York Mercantile Exchange (NYMEX)–the largest...
...which was why he had to drag the entire circus of presidential politics into the middle of the delicate negotiations. Which seemed to blow up the moment he arrived in town. Conservative Republicans in the House had their own ideas for a bailout, including a suspension of capital-gains taxes, which made no sense as a response to a Wall Street free-fall - a capital-gains tax holiday would only encourage a bigger sell-off - but hey, conservative Republicans in the House really hate capital-gains taxes. In any case, at the White House meeting McCain had ginned...
...Democrat, Oregon) and Bob Bennett (Republican, Utah) have made such a proposal, the Healthy Americans Act, which has gained the support of 15 Senate co-sponsors, evenly divided between Democrats and Republicans. It would have employers "cash out" their health-care benefits to employees and then would provide a tax deduction of up to $15,210, according to income and family status, for individuals to buy into a government-supervised group of private insurance plans. According to the Congressional Budget Office, the Wyden proposal would eventually be revenue-neutral (that is, it wouldn't cost any additional money). According...