Word: taxed
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...hung their supporters out to dry long ago. They made their pact with the devil to stay in office no matter what the cost. Principles were the first casualty. Democrats should stop their charade and join the Republicans. After all, enough Dems sided with the G.O.P. to pass tax cuts, reform Medicare and approve the invasion of Iraq. At least we know what the G.O.P. represents: borrowing and spending, massive deficits, militarism and Big Brother. The Democrats lack the moral fortitude to stand up for their ideals and constituencies. One can only hope that a defeat of the Democrats...
...wasn’t long, however, before the real Bush reemerged, with all of his opportunistic alchemy. First he converted terrorist hysteria into repressive gold with the USA PATRIOT Act, and then into corporate gold with crass tax cuts and, finally, into neocon gold with a preemptive war in Iraq...
Unfortunately for Bush, outsourcing has become Exhibit A in any gripe session about why the economic recovery has been weak in creating new jobs. To some extent, he succeeded in making a plausible connection between his tax cuts and the robust pace of economic growth. "People have more money in their pocket to spend, to save, to invest," he has said. "[Tax relief] is helping the economy recover from tough times." But his efforts to sell a pastiche of programs to help the unemployed have had a tougher time punching through. When it comes to jobs, the numbers fail...
That's why outsourcing to India has exploded during the recovery. It jumped 60% in 2003 compared with the year before, according to the research magazine Dataquest, as corporations used some of their profits (not to mention tax breaks) to expand overseas hiring. That translates to 140,000 jobs outsourced to India last year. Vivek Paul, president of Wipro, one of India's leading outsourcing companies (it handles voice and data processing for Delta Airlines, for instance), says its service business grew 50% in the last quarter of 2003. "Companies that are emerging from the slowdown are beginning to invest...
...Trade Wars The transatlantic trade wars rage on. After the World Trade Organization last week backed E.U. sanctions against the U.S. over its illegal antidumping law, Brussels quickly warned that only days remained for the U.S. to head off separate WTO-endorsed sanctions against a $4 billion annual tax break for American firms. But the more symbolic salvo came as Washington last week banned imports of French foie gras and other processed meats, saying 11 manufacturers failed to meet health standards. Calling the measure "unjustifiable," Agriculture Minister Hervé Gaymard lobbied hard in Washington . Meanwhile, the country's wine producers...