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...debate over taxation of colleges and universities is longstanding, but last week, Massachusetts did well to prevent the state from gaining ground in taxing schools. The Massachusetts House of Representatives recently stopped an amendment from passing that would have allowed the state to tax universities with endowments larger than $1 billion. This proposed taxation of 2.5 percent would have come with deleterious effects, and it is a relief, therefore, that it did not come to pass. These harmful byproducts could have included the discouragement against donations to the University and the disincentive for universities to make charitable contributions...

Author: By The Crimson Staff | Title: The Tax Stops Here | 5/7/2008 | See Source »

...state (or push the target college or university over the $1 billion mark), they would think twice before writing that check. While the donations that some of these schools receive are more than just hefty, the amount of money schools would be required to give under this tax would often be even greater. For example, under this law, Harvard would have to pay $875 million dollars of its current $34.9 billion endowment, which dwarfs the recent generous donation of $100 million from David Rockefeller ’36. Although other Massachusetts schools don’t boast as large...

Author: By The Crimson Staff | Title: The Tax Stops Here | 5/7/2008 | See Source »

Clinton's recent embrace of a "gas-tax holiday" - an idea dismissed by others in her party as a bit of ineffective pandering - also reinforced questions about her trustworthiness. In Indiana exit polls, a full quarter of Clinton's own supporters said that they did not think she was honest. Just as Obama suffered in Ohio for looking like he was too political on NAFTA, Clinton's position on the gas tax issue riled Indiana voters, who consistently raised it in conversations with reporters the weekend before the primary vote...

Author: /time Magazine | Title: Clinton's Faltering Case for Staying In | 5/7/2008 | See Source »

...Carolina train station, she promises high-speed rail. In southern Indiana, she talks up clean coal. She tells college kids that she will get them lower student loan rates, the sick that she will provide universal health care, and the poor that they will be favored more in the tax code. She even promises new federally funded scientific breakthroughs to cure afflictions like diabetes and autism...

Author: /time Magazine | Title: Clinton's Hard Road Gets Harder | 5/7/2008 | See Source »

...additional food supplies. But the global run-up in food prices has hamstrung Beijing's response. Starting in December 2007, as public discontent about rising food prices in China grew, Beijing implemented a series of measures to reduce its grain exports. Among other things, it eliminated a 13% tax rebate on grain exports. Since a substantial portion of Chinese-grown rice and grains go to the North on commercial terms - Beijing's overall agricultural trade and aid to Pyongyang is an official state secret, so no one knows precisely how much - those policy changes hurt overall food supply...

Author: /time Magazine | Title: The Next Great North Korean Famine | 5/6/2008 | See Source »

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