Word: taxing
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...money from theaters, museums and other arts groups. Though that provision was removed in the final version, it impressed on the arts community that it had to remind leaders that "real people" work in their sector of the economy, which provides 5.7 million jobs and nearly $30 billion in tax revenue...
...nominated a firecracker, the Broadway producer Rocco Landesman, to be the NEA's next chairman. But at the same time, arts groups are worried about what they see as a serious threat to their donor base: the White House proposal to reduce as much as 20% the tax deduction that higher-income families can take for charitable contributions...
...targets of the moment are the health-care benefits that employers now give their workers tax-free - an income loophole that costs the U.S. nearly $250 billion a year. "There's a lot of money there," says Massachusetts Institute of Technology economics professor Jonathan Gruber. "There's certainly enough there to get to universal coverage." Even taxing only those benefits that are more expensive and generous than average, he says, could raise $360 billion to $500 billion over 10 years...
...Arithmetic aside, the idea of taxing employer-provided health insurance as income has plenty of merit. The current system is regressive, with three-quarters of the tax break going to those who are in the top half of the income-distribution scale. And because these more privileged Americans are not buying health care with after-tax money, they have less incentive to use it carefully...
...Taxing benefits has already run into opposition from unions that have given up wage gains in favor of health benefits in recent rounds of negotiations. There is also the inconvenient fact that Obama attacked John McCain in last year's election for proposing exactly such a tax on something workers believe they get for free. Still, Baucus says, "Not all those benefits should be tax-free. The bulk should be tax-free, but not all of them. That's part of the solution." (See the top 10 medical breakthroughs...