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Local conditions and regulations play their part as well. For example, he says, the high cost of gasoline in Europe is due to the hefty tax imposed by governments on consumers there. "Europeans should complain to their governments," he explained. "In 2004, I received a European minister in my office and he was complaining that we should do something. I joked with him, but it was a serious joke. I told him, 'OK, I have an offer for you. I can give you free oil for 25 years, including transportation, including tax. On one condition: we split the gasoline tax...

Author: /time Magazine | Title: Oil Prices: Don't Blame OPEC | 10/30/2007 | See Source »

...must realize the greater good that it figures to do for the Commonwealth as a whole. Massachusetts faces a number of problems with which Harvard students rarely, if ever, concern themselves. Many residents are being pushed out of the state by mounting costs, including Massachusetts’ notorious property tax. Furthermore, casinos in nearby Connecticut already drain huge amounts of gambling money from Massachusetts pockets. Patrick’s plan would keep that money within the commonwealth, filling the State House coffers with up to $400 million per year. The proposal would thus provide ample revenue for plugging the state?...

Author: By The Crimson Staff | Title: The Commonwealth’s Best Bet | 10/28/2007 | See Source »

CONTEXT The latest federal income-tax data reveal that the income share earned by the wealthiest 1% of the population--those who make at least $364,657--is at an all-time high. The one-percenters earned more than 21% of the entire country's income...

Author: /time Magazine | Title: Dashboard: Nov. 5, 2007 | 10/25/2007 | See Source »

...players who came to town want Congress to license and regulate companies that host poker games online--a move, they note, that would actually raise money for the Treasury. John Pappas, the group's executive director, says online poker could generate from $2 billion to $3 billion in tax receipts. Not many special pleaders on Capitol Hill have that card to play. Several lawmakers, including Massachusetts Democrat Barney Frank, are happy to respond with pro-gambling bills...

Author: /time Magazine | Title: A High-Stakes Table | 10/25/2007 | See Source »

...those questions, and Obey asks them so often that he can recite them by heart. "The first is: If what you want costs money, are you willing to go home and tell your friends that we need to cut back on the size of the President's tax cuts so there is room for it in the budget?" The second, and related question, goes as follows: "Is there anything you want me to do for somebody else that is more important than whatever it is you want...

Author: /time Magazine | Title: Battling Bush on the Cost of War | 10/25/2007 | See Source »

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