Word: taxed
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...summation of his presidency to his speechwriters last April, she says, and they began working on it in December as a way of carrying his last to-do list in the State of the Union speech. The theme is intended to unite Bush's domestic agenda items (making his tax breaks permanent and boosting the economy) with foreign priorities (pursuing the war in Iraq, peacemaking and boosting foreign aid) under the banner of liberty...
...earlier primary garnered lots of attention for the issue of lost manufacturing jobs, Crist says Florida's concerns are far more front-and-center now than if its primary were held in the spring. "The attention being given this week to Florida and the issues we care about - tax reform, a national catastrophic insurance fund, Everlglades restoration - is huge," he says...
...sign of how completely Republican thinking now dominates discussions of economic policy that so few of the stimulus ideas floating around Washington involve increasing federal spending. It used to be that stimulus debates were about a tax cut vs. a spending increase. An increase in federal spending can goose the economy just like cutting taxes. The government builds a bridge or a highway, people get jobs, take their families to Olive Garden, which hires more waiters, and so on. In fact, direct government spending is a more efficient stimulus than an equivalent tax cut because all of it gets spent...
...current debate is virtually all about tax cuts. Republicans want them to go to business. Democrats want them to go to the poor and middle class. Both parties are fond of tax credits for approved interest groups and favored forms of behavior. The notion that the government is good for anything except issuing checks and printing money has just about disappeared...
Here's a thought. Suppose we don't go further into debt in the name of fiscal stimulus. Suppose we stop selling ourselves piece by piece to foreigners (and suppose we stop blaming the foreigners for problems of our own making). Suppose we use taxing and spending to show the world that we can behave responsibly, see how the world responds to that, and let the Federal Reserve Board supply the stimulus with lower interest rates. If we must have a fiscal stimulus, let's make sure it's not too enjoyable. Build some rapid transit; don't give away...