Word: taxed
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...Senator John McCain, his reference to McCain's divergence from Bush on policy issues is dramatically overstated [July 28]. While McCain's previous vocal opposition to Bush's agenda has secured him the "maverick" label, his Senate record has followed the party line on almost every major issue except tax cuts (a position he has since reversed) and torture. Katie Mercuro, Ashburn, Virginia...
...Bush and McCain, his reference to McCain's divergence from Bush on policy issues is dramatically overstated [July 28]. While McCain's previous vocal opposition to Bush's agenda has secured him the "maverick" label, his Senate record has followed the party line on almost every major issue except tax cuts (a position he has since reversed) and torture. Katie Mercuro, ASHBURN...
...debt limit from $9.8 trillion to $10.6 trillion, to cover a possible bailout of the beleaguered mortgage giants Freddie Mac and Fannie Mae ? $300 billion in mortgage-refinancing funds backed by the Federal Housing Administration ? $180 million in counseling and legal services for homeowners facing foreclosure ? Tax credits of up to $7,500 for new homebuyers, to be paid back over time ? $4 billion in grants for local communities to buy and renovate foreclosed properties...
...Given the logjam that has built up since Democrats took control of Congress in 2006, there's a lot to get through. Rather than jumping into the basket of smaller existing bills, like SCHIP and the windfall tax on oil companies, lawmakers should take this opportunity to go slowly and look at big solutions, says Thomas Mann, a presidential scholar at the Brookings Institution. "I would urge a President Obama or McCain to just forget the whole idea of a first 100 days," he says. "We face mega-problems, and they can't be rammed through in a brief period...
...Three other time-sensitive large items remain to be finished this year by Congress: a housing bill that Bush has now, after initially threatening a veto, agreed to sign; reauthorization of the Federal Aviation Administration; and a yearly extension of popular bipartisan corporate tax cuts. If any of these bills don't make it into law, they too will take priority next year...