Word: taxing
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Today, Boston is forecasting a shortfall of $140 million, Mayor Thomas M. Menino said last week. The government is eyeing tax-exempt non-profits like educational institutions and hospitals to make up a portion of the difference...
...lack of pomp and bombast to it. He rarely used the word I; he addressed the nation as a community of mature adults. He was all modesty; he asked for better ideas for his monumental stimulus plan (and quickly acceded to Democratic demands that he remove some of the tax breaks for small businesses). He seemed, at every turn, to predict that he would make mistakes; he did so once more at the congressional lunch immediately after he was sworn in. The cumulative effort of this behavior has been to convey a sense of seriousness - not just...
...midst of the transition, President Obama was faced with a telling policy choice: whether to declare a temporary sales-tax holiday. His economic advisers loved the idea. It would provide immediate consumer stimulus, a direct jolt that might unclog the commercial arteries. The money could be easily passed from the Federal Government to the states, which administer sales taxes. But Obama resisted and finally rejected the idea. "He thought it would provide a temporary benefit, that it had no substantial or lasting policy impact," a senior transition adviser told me. "I think he was remembering the campaign, when Hillary...
...Actually, Obama was resisting in the name of balance: the bulk of his proposed stimulus package will probably go to short-term fixes - his promised $300 billion in tax breaks for the middle class, $200 billion in aid to cities and states, benefits for the poor and unemployed. Even so, aides say, most of Obama's attention has been focused elsewhere - on the long-term stimulus projects, the larger transformations in the economy, the health-care system and foreign policy. Quietly, the Obama transition team reviewed every government agency "to find out which specific programs were working and which weren...
...That tax tip, among others, could save Geithner, President Barack Obama's nominee to be Secretary of the Treasury, thousands of dollars and some embarrassment when he files his federal returns next year. Geithner is clearly in need of better tax counseling...