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...Kerry still had to go through the exercise, however, to prove he is not the tax-and-spend liberal the White House claims he is. Now that the primaries are over, he?s positioning himself firmly in the Bill Clinton wing of the Democratic party, where fiscal discipline matters more than big spending. Kerry even dropped some of the more costly programs he had proposed during the primaries, like universal preschool. He?s saying to voters: you can trust me with the cookie...

Author: /time Magazine | Title: It's Still the Stupid Economy | 4/9/2004 | See Source »

...Bush has to prove he?s doing something about the economy too, but the President faces a tougher challenge. He can?t propose bold action either, because Republicans believe the less government gets involved in the economy the better. Bush has already passed his biggest economic proposal - his tax cuts. All he wants to do now is make those tax cuts permanent and try to decrease the cost of doing business by limiting lawsuits and getting rid of ?unnecessary? regulations and reporting requirements. None of this is as exciting as invading another country, but Bush spends...

Author: /time Magazine | Title: It's Still the Stupid Economy | 4/9/2004 | See Source »

Most of us are just small-scale cheaters: We speed on the highway; we make minor omissions on our tax forms; we sneak in through the back door at Adams. We’ve become accustomed to these minor infractions. But the Big Rules almost everyone obeys. Let’s face it—even murderers stop at red lights. So it’s really a shock to the system when the basic fairness of the world is exposed for what it is—frankly, a big sham. Thou shalt not swindle thy shareholders out of their...

Author: By Christopher W. Snyder, WRIT SMALL | Title: The Bicycle Thief | 4/9/2004 | See Source »

...with a traditional individual retirement account, contributions are tax free and grow tax free. HSA withdrawals are also tax free, and there are no income limitations. The tax savings are enticing, but don't forget practical, everyday money needs, says Donald Overbey, a certified financial planner with American Express Financial Advisors in Northbrook, Ill. "See how it fits your cash flow, your cash-reserve position, and then check the tax benefits," he says. Unlike flexible-spending accounts (FSAS) offered by many companies, an HSA lets you keep any unused money, accumulating more tax-free savings. It's unclear, however, whether...

Author: /time Magazine | Title: Money: Save for Your Health | 4/5/2004 | See Source »

...market is a judgment. Longer term, companies that pay dividends will be where you want to be. For dividends to go up a lot, you want to watch where the cash is. Congress is trying to pass a law that lets companies bring money back from overseas without paying tax on it. That would repatriate a lot of dollars available for dividends...

Author: /time Magazine | Title: Investing: Riding Global Growth | 4/5/2004 | See Source »

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