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...left hates Bush so much that it salivates at any hint of misdeed, whether warranted or not. There are plenty of reasons to criticize the Bush Administration, but special prosecutor Patrick Fitzgerald is wasting hundreds of thousands of tax dollars on a case he made up because I. Lewis (Scooter) Libby cannot remember exactly how conversations went three years ago. I would be in real trouble if I were in Libby's spot, since I can't remember what I said last week. Pat Schmitt High Point, North Carolina...

Author: /time Magazine | Title: Finding Your Way Around Your Brain | 2/21/2007 | See Source »

Greg Hughes wastes no time trying to appease his counterparts across the political aisle. Last month, Mr. Hughes, a Republican and a Utah state representative, followed the lead of several other state legislators and proposed creating a little box on next year’s state tax return where residents could opt to pay extra taxes. The proposal, entitled the “Tax Me More Fund,” is no doubt inflammatory in intent. But if you’re a goodhearted, affluent liberal, how should you respond...

Author: By Will E. Johnston | Title: Love ‘Tax And Spend?’ | 2/21/2007 | See Source »

Since Bush lowered top marginal tax rates from 39.6 percent to 35 percent in 2002 , the wealthy have been flush with cash. Most liberals believe it’s criminal that the rich pay so little in taxes, while social expenditures for the poor have been slashed. The percentage of income going to top earners has skyrocketed, and the middle-classes are entering a period of unprecedented precariousness. What is needed, they maintain, is a more “fair” tax system...

Author: By Will E. Johnston | Title: Love ‘Tax And Spend?’ | 2/21/2007 | See Source »

...shuttling back and forth between Jerusalem to Ramallah in armored cars, that "he wants something to sell to the Palestinian people" before he will begin discussing the deeper issues of co-existence between Palestinians and Israelis. For starters, Abbas wants Olmert to return an estimated $500 million in Palestinian tax money, lift some of the 400 Israeli roadblocks in the West Bank and halt the expansion of Jewish settlements in the disputed territories. Otherwise, says one presidential aide, "how can we persuade the Palestinians that they can gain anything from peace with the Israelis?" with reporting by Scott Macleod/Cairo, Jamil...

Author: /time Magazine | Title: The No-Talk Peace Talks | 2/18/2007 | See Source »

...carbon permits be given away or sold at auction? What will be the balance between gdp growth and the environment? Will politicians continue to undermine an open market? In N.S.W., for example, the state government has granted BlueScope an exemption from its carbon trading scheme or any future carbon tax to help establish a new steel plant at Port Kembla...

Author: /time Magazine | Title: Ready or Not, Here Come the Carbon Traders | 2/15/2007 | See Source »

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