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...steadily become more conservative, and Conservative Stanley Baldwin & Party have been fated to maintain or introduce the most radical legislation dished up in any Great Power outside the Soviet Union until President Roosevelt dished his New Deal. In England, while maintaining the Crown with all it implies, the income tax has been raised to confiscatory altitudes; the proletariat have come to accept and demand the Dole as a matter of right; and such amenities as the provision of the phenomenally cheap, brand-new houses for millions of the lower classes now engage crustiest Conservative Ministers as their chief concern...

Author: /time Magazine | Title: Great Britain: Silver Jubilee, George V | 12/17/2004 | See Source »

...frankly look worse than the Democrats did in their heyday." Says Keith Ashdown of Taxpayers for Common Sense: "At a time of record deficits," when most agencies are seeing their budgets cut, "we have to set national priorities." Not surprisingly, the lawmakers who brought home the bacon consider the tax dollars well spent...

Author: /time Magazine | Title: A Pork Festival | 12/17/2004 | See Source »

...worst ruckus broke out in Austin last summer, when commuters realized that the "innovative" financing authorized by the Trans-Texas legislation meant they would start paying tolls. Traditionally, highways have been financed by gasoline-tax revenues. But that money now barely covers road maintenance, much less new construction, and raising gas taxes is as politically unpalatable in Texas as it is everywhere else. The state, for the first time, can go into debt by issuing bonds for new roads. Although those bonds can be paid back by a number of possible revenue sources (such as steeper fines for drunken driving...

Author: /time Magazine | Title: The Next Wave in Superhighways, or A Big, Fat Texas Boondoggle? | 12/17/2004 | See Source »

...aging freeway system and a lack of money for building and maintenance, is rethinking the idea. Mary E. Peters, head of the Federal Highway Administration, has called Perry's TTC plan a "bold concept." President Bush has threatened to veto any increase in the nation's 18.4¢ gasoline tax and has expressed support for tolls on interstate highways. Other states, such as California, Missouri and Minnesota, are closely watching the Texas toll experiment...

Author: /time Magazine | Title: The Next Wave in Superhighways, or A Big, Fat Texas Boondoggle? | 12/17/2004 | See Source »

Critics say the city is suffering from mismanagement and from the cost of Mayor Richard Daley's pet projects, among them the recently completed $475 million Millennium Park. "We don't want to cut services or raise property taxes. That's political suicide," says city alderman Ricardo Muñoz. "So the tighter the budget gets, the more creative we get." The latest budget draft hikes the sales tax from 8.75% to 9%, the highest among big U.S. cities. And Daley has backed an idea to fine people caught with small amounts of marijuana instead of arresting them--proof once again...

Author: /time Magazine | Title: Creative Thinking In Chicago | 12/17/2004 | See Source »

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