Word: taxed
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...California Economic Recovery Bond Act” actually adds at least $6 billion to California’s debt—burning the state in order to save it. Arnold’s plan? Pandering to his party’s base and sticking with no new taxes, not even tax reform that could actually lower rates in exchange for fewer loopholes and higher revenues. And (at least temporarily) surrendering to the legislature by limiting spending cuts to about $5 billion. And what of the extra $17 billion in debt? Paper over some with rosy economic forecasts and accounting tricks...
...California governor can touch the Prop 98-guaranteed 40 percent of the budget directed to an ineffective—and ever-growing—education bureaucracy, and the teachers’ unions it benefits. And, by law, no governor can raise revenue by modernizing the Prop 13-mandated property tax unfairness that leaves Warren Buffett paying a lower rate on his beach house than a janitor does on his apartment...
...Arnold were less ambitious for the Republican presidential nomination (28th Amendment, here we come!), he would also violate the right-wing shibboleth against ever seeking more revenue and fight for a fairer, simpler, and less capital-gains-dependent California tax code. And he would cash in October’s Ohio campaign trip and demand that President Bush return some of the $60 billion a year in federal taxes that California fails to get back in federal spending...
...grants that, unlike loans, don’t need to be repaid. The grants are administered according to a formula that takes into account variables meant to determine a student’s family’s discretionary income. Under the new guidelines families appear to have less tax burden, and therefore “more” income. This new formula will prove extra painful for the many students who receive financial aid packages from their state or university that are based on the federal aid model. Thanks to a nasty “ripple effect...
...first glance, a moral America is bad for Democrats. If Americans voted their pocketbooks, Democrats would win every time. Kerry’s tax plan was better for 98 percent of Americans. It’s not tough to convince people that they’ll benefit under the Kerry plan. Anybody with the Internet can do that. That’s why Democrats focus on economic issues: they’re easy. What’s tough is convincing people that civil liberties, equal rights and support for the poor are all moral values...