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...have enough troops for such an increase. McChrystal's smallest option - about 10,000 more troops - was scrapped because the U.S. military felt it was too risky. They've coalesced around the "Goldilocks option" of 40,000, minus what some Pentagon officials call a "Commander in Chief's tax" to show who's in charge. (Some of the difference will be made up by 5,000 extra troops expected from allies.) The troop decision will win grudging support from congressional Republicans and the military, but it will anger lawmakers in the President's party. Many Democrats will see in this...
Amnesty: The New Tax Shelter...
...hailed as "historic" the response to its eight-month amnesty program for hidden offshore bank accounts. By the Oct. 15 deadline, some 14,700 Americans--twice the number officials expected--had disclosed billions of dollars held in 70 countries. Most account holders who pay taxes will avoid criminal penalties. As part of a U.S.-led crackdown on tax evasion, the Swiss bank UBS recently agreed to reveal the names of nearly 4,500 American clients with questionable accounts...
Some Massachusetts shoppers even fled to New Hampshire to avoid the sales tax, according to a Nov. 28 article in the Boston Globe...
...nonpartisan Congressional Budget Office, the bill passed by the House would reduce the deficit by $109 billion over the first decade, and the Senate bill would reduce it by $127 billion—not to mention the other, more difficult to quantify elements such as the excise tax on high-cost insurance that will bring down costs as we grow. On the flipside, if we keep the current system, our general fiscal health will decay along with the initiative of many might-have-been trailblazers. The CBO has also estimated that by 2016 premiums will...