Word: taxed
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...these circumstances, Democrats have spent the past year searching for exemptions in the McCain-Feingold campaign-finance-reform law that they themselves had long championed. One method they are banking on: a network of new organizations known as 527s (after the section of the IRS code that gives them tax-exempt status), which can raise unlimited money for advertising and voter-registration efforts, as long as they don't coordinate with the candidate. But that strategy faces a crucial test this week at the Federal Election Commission...
...taxed of its endowment at the rate of some $40 million a year,” Mendelsohn said, referring to a yearly percentage the University takes from the endowment of each Harvard school. “That was a decision made for us...if one projects this out [over the 25 years the tax will be incurred], you’re talking about an amount well over a billion dollars...
When Gurney Professor of English Literature James Engell asked about the fate of any funds left over after the tax on the FAS endowment, Summers made it clear that there are no excess funds...
...They got a tax cut, a jobs cut and a benefits cut,” Jackson said...
...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...