Word: taxed
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...evidence of the “radical and dangerous” Bush agenda, Begala and Carville pointed to factually suspect examples such as “tax cuts for the rich;” in fact, middle-class working Americans received substantial tax relief under Bush’s new fiscal policies. They also accused Bush of “[handing] over Americans’ retirement benefits to the vagaries of the stock market,” however, Bush’s plan to rescue Social Security through limited privatization was dismissed outright, without analysis of stock market performance...
...found a kindred spirit of President Bush in the most unlikely of places: that hotbed of crunchy-granola liberalism, Seattle. Bush’s alter ego appeared in an Associated Press photo, brandishing a placard that proclaimed, “NO ESPRESSO TAX!” His ire was directed at a 10-cent tax on espresso drinks that would have paid for an early childhood education program. I wondered, for a moment, why someone would get so hung up about a miniscule tax that would have funded such an impeccably good cause. But of course, this was a tax...
...profits, under the pretense of ideology, is what guides Bush’s economic policy—not actual economics. His disregard for basic economic principles goes beyond his refusal to admit any connection between his revenue-slashing and soaring deficits. He is so stridently and categorically averse to taxing the wealthy that he even opposes taxes which, in themselves, enhance economic incentives and efficiency. He prefers, instead, to shift the tax burden to other, distortionary taxes...
When economists come across a tax that actually improves incentives, however, you can imagine how giddy they get. The most basic economic logic says that the benefits of such taxes are indisputable. But basic economic logic has never been Bush’s strong suit...
This became apparent early in his presidency, when Bush championed the repeal of the estate tax—or as Republicans like to call it, the “death tax.” Never mind that giving people gobs of unearned money is known to dampen their desire to get a job and actually be productive. A tax on death is just wrong, Bush insists—it is almost as offensive as a tax on coffee. And so, countless scions of the upper class were put back on the inheritance dole...