Word: taxed
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...because our government subsidizes the oil companies big time—a topic certainly on the agenda during Cheney’s backroom meetings in 2001—which helps keep the price of gas down at the pump. Whether it’s gas prices or tax dollars, American consumers have to pay the piper either way. The problem is that most people don’t make the connection; whereas higher gas prices would lower demand and increase support for alternative energies and more fuel-efficient vehicles, increasing government subsidies does neither. It’s no accident...
More than 50 tenured and emeritus professors from Harvard Business School told President Bush to roll back his administration’s massive tax cuts and stem the growth of the federal budget deficit in a harshly worded letter released late Monday night...
Earlier on Monday, President Bush signed the fourth major tax cut bill since he took office. Combined, the four packages are estimated to reduce federal revenues by nearly $1.9 trillion over the next decade...
...economic proposals you have suggested for a potential second term—from diverting Social Security contributions into private accounts to making the recent tax cuts permanent—only promise to exacerbate the crisis by further narrowing the federal revenue base,” the professors wrote...
...your economic advisers are telling you that these deficits can be defeated through further reductions in tax rates, then you need new advisers,” the professors said...