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...began as a matter of curiosity,” Williams said. “I was curious to know who was benefiting from Tennessee’s tax dollars. Unfortunately, the people who benefit most are the ones who write the laws...

Author: By Adam C. Estes, CONTRIBUTING WRITER | Title: Center Announces Finalists for Journalism Prize | 2/11/2004 | See Source »

...unsuccessfully, to raise average-fuel-economy standards to 36 m.p.g. by 2015, and he was an active supporter of the Kyoto accords to address global warming. The third law was designed to provide grants for women starting small businesses and reflects his entrepreneurial impulses when it comes to the tax code. He teamed with McCain again to make the Internet a tax-free zone, and while he has voted against all of Bush's tax cuts, he proposes reducing the capital-gains tax to zero in key investment-driven industries; he offers other business tax incentives to reward companies that...

Author: /time Magazine | Title: Campaign '04: Kerry's Record | 2/9/2004 | See Source »

Kerry aced the test and pulled ahead, thanks also in part to some last-minute sweetening of his record by the Kennedy shop. Kennedy's staff worked closely with Kerry to write a bill extending children's health coverage, paid for by a cigarette tax. That not only gave Kerry a consumer-friendly piece of legislation to run on but also reminded voters that Weld had blocked such a plan in Massachusetts. Kerry ended up winning by more than 7 percentage points...

Author: /time Magazine | Title: Campaign '04: Kerry's Record | 2/9/2004 | See Source »

...Fidelity Investments office in Merrimack had been planned for weeks. It was billed as a conversation with the President about the state of the economy, but there wasn't much actual conversing going on, just a series of testimonials from selected employees about the glories of the Bush tax cuts. Compared with the bracing, scruffy spontaneity of the primary, this seemed a Madame Tussaud's waxworks version of democracy. But then, George W. Bush has spent the past three years packed in political bubble-wrap, sequestered from the realities of the public square. He doesn't read the papers...

Author: /time Magazine | Title: Why Bush Isn't A Shoo-In | 2/9/2004 | See Source »

...which you work--so that if the entire sector crashes, you don't lose your investment along with your job. Just say the word, and your manager will purge your portfolio of such securities. Another benefit: because you can customize your portfolio, you are able to minimize your tax bill by, say, instructing the manager to sell a losing stock in the separate account to offset a gain you have in another account or even another asset like real estate. This makes separate accounts most useful for taxable savings...

Author: /time Magazine | Title: Investing: Fund Control | 2/9/2004 | See Source »

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