Word: taxed
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...repeat that: The Recovery Act, the stimulus bill represents the largest single boost in scientific research in history. (Applause.) An increase -- that's an increase in funding that's already making a difference right here on this campus. And my budget also makes the research and experimentation tax credit permanent -- a tax credit that spurs innovation and jobs, adding $2 to the economy for every dollar that it costs...
...coalition are Chancellor Angela Merkel's Christian Democratic Union (CDU) and its Bavarian sister party, the Christian Social Union (CSU). Westerwelle heads the junior coalition party, the Free Democrats, and campaigned primarily on economic and finance issues. He was forced to scale back his demands for deep tax cuts in the coalition talks, and his demand to turn Germany into a nuclear weapon-free zone may have been agreed partly to assuage the sting of compromise. Merkel said that she would be seeking the withdrawal within the context of NATO, rather than as a unilateral measure. "We don't want...
Germany's new coalition government put the finishing touches to its policy program this weekend, promising moderate tax cuts to help support the economy, a reduction in the length of compulsory military service, and the continued operation of the nation's aging nuclear power plants. No big surprises there. But one detail could have interesting international repercussions: the man designated to be foreign minister, Guido Westerwelle, is pushing for the U.S. to remove its remaining nuclear weapons from German soil...
...coalition agreement took three weeks to cobble together, and is expected to be signed on Monday. Tax cuts were the key area of conflict. In the end, the parties agreed on a reduction totaling 24 billion euros ($36 billion). Among the beneficiaries will be small businesses, families and people inheriting money from their parents. The government is also planning to reform its health insurance system from 2011, shifting more of the financial burden on the public via direct premium payments. (See a story about Angela Merkel's economic legacy...
...enjoy government spending more than they enjoy paying for it, which is a national problem, but they've also straitjacketed their politicians with scads of lobbyist-produced ballot initiatives locking in huge outlays for various goodies, as well as the notorious Proposition 13, which has severely restricted local property taxes since 1978. California is also one of only three states that need a two-thirds supermajority to pass a budget or raise taxes, a virtual impossibility in its ultra-partisan legislature. So it relies on a boom-and-bust tax base that even many liberals admit is overreliant...