Word: taxed
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...Then, even more audacity. He not only claimed his mandate. He defined it right on the spot. Seizing the third rail of American politics, he promised to reform Social Security with, at minimum, partial privatization. He then added his intention to radically redo the tax code-which includes entertaining such ideas as entirely abolishing the Internal Revenue Service by going to a national sales tax. You cannot get more radical than that. His subsidiary aims, earthshaking in any other context but almost minor in this one, are kneecapping the lawsuit industry with serious tort reform and installing a conservative judiciary...
While the report had been in the works for a full year, its release comes amid escalating town-gown tensions. With the Cambridge City Council slated to consider a measure this evening calling on Harvard to increase its tax payments to the municipal government, Friday’s report could help the University underscore its substantial contributions to the local economy...
City Council member Anthony D. Gallucio said Harvard has not adjusted its in-lieu-of-taxes payment to Cambridge in over a decade. He and fellow Council member Timothy J. Toomey, Jr., will present a resolution tonight asking Cambridge’s top city lawyer to consider the legality of measures that would compel Harvard to pay a heftier tax bill...
...interview last night. He said the measures would send “a strong message that our taxpayers are getting hit across the city,” and that “it’s just not acceptable” for Harvard and MIT to shirk their tax burden...
Gallucio said that in the past, the University has only periodically increased its payment-in-lieu-of-taxes as a “quid-pro-quo” for city concessions on development issues. But he said the city and the University need to agree on a “more dignified process” in which Harvard’s payments rise in step with homeowners’ tax bills...