Word: taxing
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Dates: during 2000-2009
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...pact through the global economic crisis could unleash a political crisis. "Against a backdrop of recession or economic stagnation, painful spending cuts would be extremely difficult for any government to sell to voters," he says, questioning whether such reductions would even succeed. "Drastic cuts in spending or [raising] tax risks deepening the recession, which would in itself prevent an improvement in the fiscal position...
Driving in Massachusetts is on a road to becoming more of a luxury. Yesterday, the Massachusetts Turnpike Authority voted to increase toll prices in a staggered fashion—by a factor that depends on whether a gas-tax increase will also be approved. In an attempt to rid the state’s transportation system of its debt, and to bolster the budget by half a billion dollars, Governor Deval L. Patrick ’78 has suggested raising the gasoline tax by 19 cents in the state—nearly double its current level. His proposal, which would...
...hike in the gas tax will have several benefits to those living in Massachusetts. The money generated will serve to cover the deficit in the transportation budget and allow needed maintenance operations to take place. A large portion of the funds will go toward maintaining the roads and bridges that make up the Turnpike, but the MBTA would also benefit. Its fares could be maintained at current prices, and all cuts in service would become unnecessary...
...Obama's impending legislation, however, the stimulus was the most likely to draw bipartisan support: members from both sides of the aisle and voters alike agreed that the economy desperately needed a boost, and the package included the largest tax cut in U.S. history. After Capitol Hill this week deals with the final component of Obama's economic rescue plan - a housing program that, while largely achieved through Executive Order, will feature a bankruptcy provision long opposed by the GOP - Obama's focus will turn to implementing his campaign agenda, which is by definition more ideological...
...believe that President Obama and the Democrats will work with us because the stakes are just that high." He also emphasizes the large areas of agreement between Dems and Republicans on upcoming legislation, such as the need for an austere budget (though Cantor opposes letting President Bush's tax cuts to the wealthiest Americans lapse, as Obama intends); the expansion of employer-provided health-care insurance rather than single-payer government health care; and a commitment to renewable energies while keeping the door open to increased oil and gas drilling. But agreeing on the broad goals of some of these...