Word: taxed
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...Senate bill also contains an assortment of goodies. It would hand out $3.5 billion to revive America's moribund nuclear power industry--even though the last order for a plant that actually went online was placed in 1973. It would parcel out nearly $10 billion in tax breaks and subsidies to oil and gas companies that will not erase falling production but instead enrich oilmen and investors. At the same time, the President's proposed budget slashes spending on wind research by 5.5%, zero-energy buildings by 50% and biomass by 19%. To add to the insult, the Administration took...
...failed to keep the pressure on the car companies. Lawmakers refused to set new mileage goals. Worse, they excluded from the existing requirements light trucks and SUVs, the fastest-selling vehicles and the ones that use the most gasoline. Contributing even more to the trend, they extended an extraordinary tax benefit to the gas guzzlers, so drivers who used a vehicle for work could write off the cost on their tax returns--even as much as $38,200 toward a new Hummer H2 that gets only 10 m.p.g. As might be expected, consumption rose 1.5 million bbl. a day over...
...deriving 20% of all the energy we use by the end of this century directly from the sun." The forecast proved breathtakingly overreaching. Last year solar energy accounted for about seven one-hundredths of 1% of all U.S. energy consumption. The Bush energy package includes a $2,000 tax credit for individuals who buy and install photovoltaic or solar water-heating equipment in their residences...
Nothing new here: the government has been selling solar for years with generous tax incentives. Most of the public, though, isn't buying. And people who do often have memorable experiences. A quarter-century ago, the owners of a 13-story, 64-unit co-op at 924 West End Avenue on New York City's Upper West Side erected a steel framework on the rooftop, welded it to the building's steel beams and attached 117 solar-collector panels. Water heated by the sun flowed through pipes into a 5,000-gal. storage tank in the building's old coal...
...conversation with TIME, Rudy Giuliani stated that he was proud of reducing the hotel-occupancy tax [10 QUESTIONS, June 30]. When I was considering a visit to New York City, the thought of paying a tax to stay in a hotel room never crossed my mind, but the fear of being mugged certainly did. Giuliani deserves credit for controlling street crime so that visitors could feel safe. By crediting a tax reduction for the increase in tourism, the former mayor is not doing tourists or his record full justice. SUDHIR JAIN Calgary, Alta...