Word: taxed
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...NASDAQ composite all ended the year in solidly positive territory for the first time since 1999. Most market strategists are looking forward to another finish in the black in 2004, but many warn that by midyear, stock prices may start losing steam as the tax-cut stimulus effect wears off--especially if the Fed raises interest rates. As the economy continues to grow, the fear of inflation--or the thing itself--could also dampen stock prices. A few market watchers think the S&P 500, a popular gauge, could end 2004 flat or even down modestly, but most strategists predict...
While the White House wants to paint him as too liberal, in the Democratic primary race, the shots are coming from the other direction. Dean talks a lot about Bush's chumminess with "Ken Lay and the boys" and tax-dodging "corporations who move their headquarters to Bermuda and their jobs to China." But the Boston Globe reported last month that as Governor, Dean expanded a complicated tax shelter for captive insurance--in which companies set up specialized subsidiaries that provide them with below-market insurance coverage. Enron was among 500 companies to take advantage of it, and though...
...Vermont, Dean had a reputation for having a physician's willingness to deliver bad news without varnish or hesitation. But it is difficult to find much hard talk in his program now, apart from his plan to repeal the Bush tax cuts, which in any case pleases his Democratic-primary audience. Back in the mid-1990s, he advocated curbing the growth of Medicare and putting "Social Security back on the table." Now he says he would use the bulk of the savings from repealing the tax cuts for a huge new expansion of health care, that he could balance...
...Dean isn't really talking about jobs, even when he says, "Let's talk about jobs," which he does, first and foremost, in every stump speech. Very quickly he turns to pummeling the President about "$3 trillion worth of tax cuts for his wealthy contributors." Indeed, "jobs"--shorthand for the 3 million jobs lost during the Bush Administration--turns out to be camouflage for an even hotter topic: the rampaging privileges that the corporate elites have won during the past three years. This is Dean's real theme, a unified-field theory of Republican depravity. Jobs, the elderly, the economy...
...every Democratic presidential candidacy. Senator John Edwards puts the case most elegantly: "This is an Administration that rewards wealth, not work." Dick Gephardt is the protectionist tribune of the antique industrial unions. Aristocratic John Kerry rails effectively against "Benedict Arnold" corporations that set up headquarters overseas to avoid paying taxes at home. Even mild, moderate Joe Lieberman has a tax plan to soak the rich and further reduce taxes on the middle class. There may be some desperation in all this. Bush has taken issue after issue away from the Democrats. He has "reformed" education and given a prescription-drug...