Word: taxing
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...Where has the government been? Remember Ronald Reagan's mantra: Regulation is bad. The Reagan, Bush I and Bush II Administrations believed in deregulation, tax cuts that provide little relief for most Americans, government subsidies for huge corporations and windfalls for the richest. John McCain now has a "comprehensive" plan for the economy that begins with firing the chairman of the Securities and Exchange Commission. Yet in September his initial response to this crisis was, once again, to make the Bush tax cuts permanent and to increase Federal Government support for corporate America. Maybe McCain hasn't noticed, but this...
...that's practically un-American. Car dealers may fold by the hundreds, as customers can't get credit to buy and manufacturers won't finance dealer inventories. Holiday-shopping forecasts are getting bleaker. Declining home values mean more homeowners could default, further driving down property values. All that crimps tax revenues, and states such as Pennsylvania and New York are now trying to plug gaping holes in their budgets, while California is looking for $7 billion from Washington in part to make payroll, since short-term borrowing is unavailable. Two out of three city finance officers are reporting that they...
...minute event, hosted by Belmont University in Nashville, Tenn., McCain compared examining Obama’s tax proposals to “nailing Jell-o to the wall...
Substance: Delved only occasionally into specifics when describing his agenda, focusing on spending and tax cuts. He had a bit of trouble elucidating his health-care and energy policies and did little to close the gap with Obama on whom voters trust to deal with the economy...
Uncle Sam may be knocking at Mass. Hall soon. Last week, the Internal Revenue Service (IRS) announced it would seek financial records from 400 tax-exempt American colleges and universities in a continuing review of their fiscal practices. Clearly, the government remains skeptical about the lack of operational transparency in educational institutions. The 33-page questionnaire—which Harvard may or may not be selected to complete—seeks to uncover universities policies regarding everything from endowment spending to executive compensation. The decision by the IRS to gather this information is not objectionable, as they undoubtedly have...