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...strategies to befriend simple people—a slow-witted figurehead, two tax cuts for the rich masquerading as generous lump-sum refunds for working folks and two crusades against the “evil” worshippers of Allah—the Bush administration sacrificed one of its best assets when it decided to make a big to-do about its alliance with the religious right. For two years the King of All Media galvanized a considerable audience of political dummies in the president’s support. But their differences on fundamental peacetime social issues like abortion...

Author: By Daniel B. Holoch, | Title: Stern Reality for the GOP | 4/5/2004 | See Source »

Hughes hints obliquely at this tension in the book. Recalling work on Bush's first speech to Congress, she takes a mild swipe at the G.O.P.'s fixation on tax reduction. "I had worried that the initial drafts of the address had led with the proposed tax cuts," she writes, "the same tax cuts that had propelled us to a resounding 49% victory." Not that she doesn't support cutting taxes, Hughes explains now, but it's a mistake for Republicans to focus on such a "polarizing issue" while giving short shrift to "other big-picture needs." Rather than accept...

Author: /time Magazine | Title: Back In The Spotlight | 4/5/2004 | See Source »

HSAs, authorized by last year's Medicare law, offer a tax-free way to save for current and future health-care needs. Unlike medical savings accounts (MSAs), which were limited to small-business owners and the self-employed, an HSA is open to anyone under 65 covered by a health-insurance policy with an annual deductible of at least $1,000 for singles ($2,000 for families). A family can save up to $5,150 a year, individuals $2,600. Those 55 or older can contribute an extra...

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

...instance, already have two or more e-mail addresses. With an IPO coming soon, Google will hope users give it a try. Paean From The Penitentiary W hat was Mikhail Khodorkovsky thinking? The former chief executive of Russia's oil giant Yukos, in jail since last October on tax evasion and fraud charges, wrote an essay for a Moscow newspaper, apologizing for becoming rich instead of safeguarding liberal values, and praising President Vladimir Putin as "more liberal and democratic than 70% of our population." Yukos stock jumped on hopes the recant - reminiscent of Stalin-era confessions - might be part...

Author: /time Magazine | Title: Biz Watch | 4/4/2004 | See Source »

...ndel. "While reform is necessary, it must not mean that the poor have to carry all the weight." Among the dissidents' demands: rescind the decision to charge patients a 310 fee every quarter to visit a doctor, raise pension payments that have been cut this year, and reform the tax system to benefit low wage earners. Schröder said the party might expel the rebels. Heide Simonis, the SPD premier of the state of Schleswig-Holstein, warned that if a new left-wing party siphoned off votes, then the opposition Christian Democrats (CDU) would "win elections almost automatically...

Author: /time Magazine | Title: Whose Party Is It, Anyway? | 3/28/2004 | See Source »

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