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Enron executives steered the company’s funds into a series of complicated tax shelters to inflate its profit reports while at the same time evading tax obligations through a dizzying manipulation of the tax code. The scheme collapsed; the top Enron executives were reviled as criminals and subsequently prosecuted. This is how it should...

Author: By Jonathan P. Abel, | Title: Villainous Victims | 2/20/2003 | See Source »

...Secret Service insists on calling them victims, these people are nothing more than would-be criminals. Instead of devoting precious investigative resources to these scams, our government should transfer that effort to tracking down Osama bin Laden, finding the anthrax mailer, or at the very least, scouring corporate tax statements...

Author: By Jonathan P. Abel, | Title: Villainous Victims | 2/20/2003 | See Source »

...said the unstable political climate, proposals for massive tax cuts and a slim Republican majority that has unified the House and Senate for the first time in years make predicting next year’s budget unwise...

Author: By Jeremy D. Olson, CONTRIBUTING WRITER | Title: Boost in Federal Funds Brings Ambiguous Benefits | 2/19/2003 | See Source »

...consensus in favor of many ambitious Bush Administration initiatives [ENVIRONMENT, Jan. 27]: cutting power-plant pollution 70%, significantly reducing air pollution from diesel engines, a $1 billion program to clean up hazardous waste, $40 billion to fund land and water conservation on America's farmlands, $4.5 billion in tax credits for renewable-energy technology, and a proposal to create the first new wilderness area in more than a decade. You also failed to examine the reasons for the President's Healthy Forests Initiative: the pressing need to prevent life-threatening, ecosystem-destroying, catastrophic fires by restoring the ecological health...

Author: /time Magazine | Title: Letters: Feb. 17, 2003 | 2/17/2003 | See Source »

...third--36%--think the Bush plan would make the economy worse. Bush is also facing a rough road in Congress, even among Republican friends. Key G.O.P. Senators like Finance Committee chairman Charles Grassley of Iowa and Olympia Snowe of Maine have suggested that the crown jewel of Bush's tax-cut proposal--the $300 billion elimination of dividend taxes--is either too large or too slow acting to goose the economy. "It's one of the weaker links in the President's proposal, in regard to what's politically possible," says Grassley. Another element of the Bush plan--his proposal...

Author: /time Magazine | Title: Deficits: Taboo No More | 2/17/2003 | See Source »

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