Word: taxed
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...optimism, though few could hide their disappointment at the 0.1% growth figure. Most had expected an 0.4% gain or more, thinking the economy would be fueled by the annual blast of Christmastime consumer spending as well as shoppers seeking to make purchases before an increase in the value-added tax went into effect in January. Though retail was one of the leading drivers of fourth-quarter growth, the boost in spending was offset by confounding slumps elsewhere in the economy...
...this morass, Democrats assert that their plan, which subsidizes about 30 million people so that they can afford coverage, will lower the deficit. Fears of higher taxes and bigger deficits, they sneer, are unfounded. Their reasoning? The Congressional Budget Office (CBO) says so. But they raise taxes to pay for the subsidies—a surcharge on the rich in the House of Representatives, a tax on “Cadillac plans” in the Senate—taxes that could have gone exclusively to reducing the deficit. And the CBO warns that the deficit will lessen only...
...Democrats scoff at critics. Republicans, they say, offer criticism but no solutions. What about Arizona Congressman John Shadegg’s proposal to allow people to buy insurance across state lines? Or Wisconsin Congressman Paul Ryan’s offer to tax employer-provided insurance and provide tax credits for individual coverage? Or Arizona Senator John McCain’s push for caps on exorbitant lawsuits against medical malpractice? Or former Massachusetts Governor Mitt Romney’s suggestion that states lift their mandates on insurers that force them to cover particular services—like in vitro fertilization...
Experts point to Atlanta; Charlotte, N.C.; and Denver as big-city school districts that have rebounded in the hands of strong managers. Detroit presents a very different situation. The tax base is nearly gone. Poverty and unemployment are far more pervasive than in most other major American cities. Many adults lack the basic skills necessary to qualify for the high-tech jobs officials are desperately trying to attract to Michigan, which has the U.S.'s highest unemployment rate. Home values, on which property-tax revenues are based, have plunged to pennies on the dollar. Over the past decade, the Detroit...
...bonanza on Wall Street. One of the Obama administration’s purported goals was to help Main Street. The stimulus package, health care reform, and tax credits were all ways in which it was and is trying to achieve this goal. But when John Smith opens up the newspaper, he reads about “Bonus Day” on Wall Street. There is very little about how President Obama is directly working to inform the public of his plans to salvage a deepening recession and how the financial markets are affecting their daily lives...