Word: taxed
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...Tokyo citizenry. Gaggles of housewives think that being environmentally conscious is a trendy way to care for their families. Once Japanese people embrace an idea, they do so wholeheartedly. Environmental consciousness is no exception. Over the past 34 years, Japan has renewed a 25-yen ($0.25) per liter gasoline tax - anathema in the U.S. - four times. A decade after hosting the conference that led to the Kyoto Protocol, Japan will host the G-8 Summit on Hokkaido this year, which will focus on green issues...
Investor Wilbur Ross called attention to the "relatively unparalleled" values in the muni-bond market in March, when he revealed a $1 billion position. Muni yields almost never beat Treasury yields because both are considered safe, but the income from munis is tax exempt. That anomaly occurred earlier this year, and even though some order has been restored, muni yields remain historically high. "These aren't as safe as cash," says Mark Soehn, managing director at Financial Solutions Advisory Group in Chicago. "But the risk is well worth it." He recently put his clients into the BlackRock International Municipal closed...
...Senate On April 10, the Senate passed the Foreclosure Prevention Act, which would give $6 billion in tax breaks to home builders--and to airlines and other struggling businesses. The bill would also increase the maximum mortgage limit that the Federal Housing Administration (FHA) can insure...
White House The Bush Administration opposes the Senate's bill, saying it contains extraneous provisions and should not give handouts to lenders. Instead, the Administration wants to provide tax breaks to Americans who "play by the rules," modernize the FHA and improve oversight of lenders Freddie Mac and Fannie...
...real heat of the campaign will be on the issues - war and taxes - where there is a real difference between McCain and the Democrats. He will have an advantage in the war debate: both Democrats favor a rapid-withdrawal timetable for Iraq - one to two brigades per month - that is probably untenable. But McCain has a more significant disadvantage: most Americans are sick of the war and do not want to hear his wildly unrealistic bottom line - that the U.S. needs a long-term military presence in that perpetually brutal noncountry. On taxes, McCain is likely to find himself debating...