Word: taxed
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...moves to increase spending came after Harvard failed to spend five percent of its endowment in nine of the last ten years, missing a threshold that tax-exempt institutions outside of higher education are legally required to meet and that University officials say is their target...
...made ripples for legislators outside of Washington. Three months after Grassley sent his questionnaires, a Massachusetts state representative—building on the senator’s contention that universities are hoarding wealth—introduced an amendment to the state budget that would impose a 2.5 percent annual tax on every dollar of endowment in excess of $1 billion. The amendment did not pass, but has been submitted to the Department of Revenue for further study...
...community, with economics professor N. Gregory Mankiw, a former chief economic advisor in the Bush administration, calling the legislation “one of the most pernicious ideas I have heard of late.” Smith followed suit, condemning what he said was the arbitrary effect of the tax...
...Here's how. We can make sure that waitress earns enough by raising the minimum wage so that it's a livable wage. We can give her a tax break by expanding the Earned Income Tax and Child Tax Credits. We can ensure that parents all across this country don?t have to choose between the job they need and the heartache of leaving their child in substandard care by guaranteeing access to quality child care. And when hardship hits when a job is lost, we should expand eligibility for Unemployment Insurance so families don't slip deeper into trouble...
...Half in Ten" proposals are practical, proven and effective measures to get us closer to that goal. They could be enacted tomorrow if Congress and the President chose to, and for a fraction of the cost of George Bush's tax cuts for the wealthy. This kind of leadership might not happen this year, but we can hope for the future. Both Barack Obama and Hillary Clinton have embraced these goals and with a Democratic President, I know they will be reached...