Word: taxing
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Dates: during 2000-2009
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...bill will provide for aid to states, tax cuts for the "middle class", and money for building infrastructure. No one in the Congressional leadership has argued that this will not create 3.4 million or 3.6 million jobs. The staff members in the House and Senate must be certain about the 3.5 million figure because no one has made an effort to discredit...
...solar-powered desalination plant, and conservation will keep water use 60% below the norm. The city's centerpiece will be the Masdar Institute, a graduate academy that will churn out new experts in clean energy. The hope is that a pool of educated workers--plus Masdar's favorable tax policies--will draw green companies to the desert, where they will be able to test their ideas in an environmental Utopia. "There is a visionary component to it," says Frank Mastiaux, CEO of climate and renewables for E.ON, a German energy company. "Masdar and Abu Dhabi have set themselves incredibly high...
Ideas are flying around Washington. They include tax credits and cheaper mortgages for home buyers as well as leaning on lenders to rewrite mortgage terms for struggling borrowers. But maybe we should ask what, exactly, fixing the housing market means--and prepare ourselves for the limits of what these policies can actually accomplish...
Consider our recent track record. Last July, Congress passed a bill to help the housing market. In an effort to churn demand and stabilize home prices, the bill created a $7,500 tax break for first-time home buyers. It also created a program to prevent foreclosures. Unfortunately, no major lenders signed up. Bottom line: only 25 loans have been rewritten...
Ideas aimed at kick-starting this process include giving everyone who buys a house a tax credit worth 10% of the purchase price and driving down mortgage rates--perhaps to as low as 4%. They're an effort to push fence sitters off their perch and give a head start to folks who are finding that tighter lending standards mean they can't borrow as much as they might once have...