Word: taxed
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...Congress should be the first to know that dictating what executives can get paid doesn't always work as expected. In 1984, Congress passed a law eliminating the tax deductibility of golden parachutes that exceeded three times base salary. Corporate America took that to mean anything below that multiple was fine: golden parachutes worth 2.99 times base salary proliferated, where before there were none at all. In 1993, Congress said only $1 million of an executive's salary would be tax deductible. So companies began paying their CEOs massive amounts in other forms, like stock options and deferred compensation...
...Porn Raid More than 100 state and federal authorities raided the Tony Alamo Christian Ministries in Fouke, Ark., as part of an investigation of child pornography and abuse. Six girls ages 10 to 17 have been taken into custody by the Arkansas Department of Human Services. Alamo, a convicted tax evader, claimed that the investigation was part of a government push to legalize same-sex marriage and that when it comes to sex with young girls, "consent is puberty...
...such dark arts. For months, the AFL-CIO and its affiliates have been blanketing swing states with direct mail promoting Obama and attacking McCain for his "$520 Italian loafers." A union group called Wake Up Wal-Mart is running ads in swing states condemning McCain's "Bush-style corporate tax breaks," while the liberal group Catholics United has an ad saying McCain does not "defend all human life" because, among other issues, he supported the war in Iraq...
...Sweden's case, he adds, the crisis eventually had silver lining. "It acted as an alarm about Swedish economic policy, which was expanding too much. There was too much focus on defending the currency. The tax system encouraged indebtedness and real estate speculation through cheap loans. The crisis exposed shortcomings, and we had to change tack...
...seem a bit high-minded for the scrappy political arena. In a country with a free press, after all, journalists are able to fact-check campaign advertisements and let voters know when claims are exaggerated or misleading. What does it matter if McCain says Obama would impose a new tax burden on middle-class families or if Obama claims that McCain proposed abolishing the Department of Education? Candidates lie, fact-checkers out them, and voters have all the information they need to make their choices...