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...Will they pay for these things? Not a chance. There are no pragmatic, nonideological solutions to the big question of what the government should do and what it shouldn't. You can have your government programs and pay for them, like a good liberal, or you can have your tax cuts and forgo the programs, like a good conservative. Asking for both is the opposite of pragmatic...

Author: /time Magazine | Title: In Defense of Partisan Bickering | 1/26/2007 | See Source »

...older brother, at a pay rate - $15 an hour - that was much higher than what his brother, who had dropped out of high school, had started at. With his diploma, he's also eligible for further technical training that can eventually place him in a very comfortable middle-class tax bracket...

Author: /time Magazine | Title: Escaping from Dropout Nation | 1/25/2007 | See Source »

...complication is the focus of an internal report of the ruling Congress party leaked to the Indian press last week. The alleged report, whose very existence is denied by Congress officials, contends that the government's policy on Special Economic Zones - India's version of investment enclaves that offer tax incentives, good infrastructure and other benefits - may cost the party votes in future elections...

Author: /time Magazine | Title: The Cost of Keeping Up With China | 1/25/2007 | See Source »

...only farmers that India's politicians have to worry about. Opposition to the SEZs is coming even from free-market reformists. Most of India's newest investment zones are much smaller than China's and may not be economically viable in the long term. The tax breaks, which include a five-year holiday on profits tax and exemption from import and excise duty, are also much more generous than those in other countries. Critics of India's approach worry that its SEZs will not attract new investment but merely suck in investment already headed to India while hurting tax revenues...

Author: /time Magazine | Title: The Cost of Keeping Up With China | 1/25/2007 | See Source »

...would any businesses want to set up shop in Hem? First off, it was one of 100 French municipalities accorded a tax-free status under its urban renewal project. It's part of a $45 billion national program to finance the renaissance of France's most blighted suburbs - one to which 380 towns that are home to 2.4 million people have thus far signed up. Those with tax-exempt status like Hem can lure businesses with an array of financial incentives, including state underwriting of most employer-paid social charges on salaries paid to local hires...

Author: /time Magazine | Title: Building Hope on Desolation Row | 1/25/2007 | See Source »

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