Word: taxed
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...also stressed that the differences between him and his opponent fall mainly along party lines, criticizing Slavitt’s plan to roll back the state income tax...
...BUSH: In the face of 821,000 jobs lost since he took office in January 2001, Bush has argued that job growth will eventually emerge from tax cuts. The cuts, he says, stimulate the economy and will spur employers to hire more workers. To help some of the 8 million unemployed in the meantime, Bush promises in a second term to establish $3,000 re-employment accounts, granted like unemployment benefits, for job-search expenses like child care and transportation...
...KERRY: In an effort to reduce the outsourcing of U.S. jobs, he promises tax reform to make it less attractive for U.S. companies to expand operations overseas. Kerry proposes a tax incentive to encourage manufacturers, small businesses and other companies that are inclined to outsource jobs to hire new employees in the U.S. rather than abroad. He would give a credit on payroll taxes, varying according to company size and number of hires. He says he would expand an assistance program intended for manufacturing workers to service-sector employees whose jobs have moved abroad. Kerry wants to increase the minimum...
...KERRY: He wants to reinstate the so-called polluter-pays tax on makers of chemicals and oil products and use that money to expand the Superfund program for cleaning up contaminated sites. He promises to expand the Clean Air Act, which was scaled back by the Bush Administration. To reduce U.S. oil consumption, Kerry proposes incentives for research in renewable energy and tax credits for buyers and manufacturers of hybrid cars. --By Jyoti Thottam
...least the Bush foreign policy has a patina of idealism. The President's economic policy does not. All previous rules of fiscal responsibility have been tossed aside. A round of tax cuts was, perhaps, a justifiable response to the recession in 2001. But those cuts were followed willy-nilly by a second round and, worse, by a blizzard of monster concessions to corporate interests. A recent example is instructive: this month Congress hilariously transformed the closing of a $5 billion tax break for exporters, which was required by a World Trade Organization ruling, into a $137 billion luau for special...