Word: taxed
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...regardless of one's opinion of the state of the U.S. economy, the President really has no control over it. But Alan Greenspan says (and many economists agree) that America's huge budget deficits will leave the economy wobbling. Those deficits are largely the result of Bush's policies-tax cuts, wars in Afghanistan and Iraq, and so forth. If these actions leave the economy in a weakened state, I have to conclude that the President does, in fact, have significant control over the economy. Richard Wilhelm Port Angeles...
...patently absurd. Of course the impact of presidential policies and initiatives is far more subtle and complex than is often depicted in campaign rhetoric. But to assert that the economy is beyond a President's control is to ignore the wide-reaching effects of such fiscal policies as tax cuts and the setting of interest rates-which, even when they aren't enacted directly by the President, are introduced by his supporters. Krauthammer's view also ignores the blatant effect of government programs and spending on the economy. Budgets are a zero-sum game; you can't invest heavily...
...Hillary Clinton was talking to a bunch of New Democrats about health care. There were, however, a few modifications. Senator Clinton was no longer talking about a sweeping plan to force employers to provide insurance for their workers. Indeed, she favors John Kerry's approach of providing less intrusive tax credits to the uninsured. And the New Democrats she was talking to weren't the usual suspects either: not the Democratic Leadership Council (DLC), which provided the intellectual muscle for Bill Clinton's presidency but a younger, newer group, the New Democrat Network, which has emerged as a significant force...
...trappings of democracy, as if Americans could pick up the mantle of empire laid down by European powers. The dream of the neo-imperialists was idealistic; they imagined that after U.S. soldiers had secured Iraq, the infrastructure of the modern state - independent judges, honest civil servants, efficient tax collection - would gradually take shape under a benign American tutelage until, one day, a beacon of democracy in the Middle East was lit. Iraq may yet become such a democracy; hope springs eternal. But if that happy consummation should come to pass, it is likely to have less to do with...
...bills but is legally barred from selling its parts? Ask fallen oil giant Yukos, the erstwhile flagship of Russia 's economy. "We can expect bankruptcy before the end of 2004," Yuri Beilin, vice chairman of Yukos' board, announced last week, after a Moscow court upheld a Tax Ministry demand that Yukos must pay $3.5 billion in alleged back taxes for 2000. Another court upheld a previous ruling that froze Yukos' Swiss bank accounts worth $5 billion...