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...increasing the tribe's influence but toward lining the two partners pockets. Nearly $11.5 million in secret kickbacks was funneled by Scanlon back to Abramoff, according to court papers filed last week, as the man who was once one of Washington's highest-paid lobbyists pleaded guilty to fraud, tax evasion and a conspiracy to bribe public officials. Abramoff's plea agreement admits to expansive schemes to defraud not just the Coushattas but also three other tribes and the lobbying firm Abramoff worked for, and it acknowledges buying off public officials, in part by laundering his clients' funds through legitimate...

Author: /time Magazine | Title: The Man Who Bought Washington | 1/8/2006 | See Source »

...Carolina Governor Mark Sanford skipped over the facts. You were critical of his frugality and his efforts to improve the economy without noting what he has actually done, which is to make the ground fertile for South Carolina's businesses to grow and prosper. He cut the marginal income-tax rate for the first time in South Carolina's history, which will return more than $130 million to our state's small businesses over the next four years. Sanford undertook our state's first comprehensive legal reform and retooled the commerce department. Although he inherited a government $750 million...

Author: /time Magazine | Title: Letters: Jan. 16, 2006 | 1/8/2006 | See Source »

...chairman of the Ohio Manufacturers' Association, I can assure you that there is another side to the story of Ohio Governor Bob Taft. In 2005 he signed into law the most sweeping reform of Ohio's tax structure in 60 years. He eliminated the burdensome tax on business inventory and the state's corporate franchise tax. Whole sections of Ohio's tax code were written out of existence. How many Governors can claim that accomplishment? In addition, Governor Taft reduced the state's income-tax rate 21%. His tax-reform package is geared to encourage capital investment and create...

Author: /time Magazine | Title: Letters: Jan. 16, 2006 | 1/8/2006 | See Source »

More than two-thirds of Americans received a tax refund last year, and that return averaged $2,200. To get your refund back as quickly as possible, consider filing your taxes electronically, and then elect to have the refund deposited directly into your account. You'll have your money in 10 days to two weeks rather than six to eight weeks if you file by snail mail...

Author: /time Magazine | Title: Money: Trimming Your Debt | 1/8/2006 | See Source »

Former super-lobbyist Jack Abramoff pleaded guilty today to three felony counts of conspiracy, fraud and tax evasion, sending another tremor through Washington as expectations mount that the man who had access to many of the most powerful members of Congress could take some of them down with him. The plea agreement lays out in tantalizingly oblique strokes the way Abramoff raised millions of dollars on the sly from Indian tribal clients and then bought influence on Capitol Hill through lavish gifts of money, travel and entertainment. "Words will not be able to ever express how sorry...

Author: /time Magazine | Title: Super Jack's Guilty Plea | 1/3/2006 | See Source »

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