Word: taxing
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When it comes to savings, workers want new resources to weather unforeseen income interruptions, especially in an increasingly volatile economy. A nonprofit in Boston is encouraging low-income workers to invest a portion of their tax refunds in savings bonds. Its average bond purchaser's profile is that of a single working mother with an income under $21,000, acquiring the bond for her children--a powerful testament to the idea that working people will make responsible choices if given the right opportunities. On the health-care front, a New York--based organization is developing ways for independent workers...
What's at stake is billions of dollars in lost tax revenue. According to the Senate, experts estimate that the total loss to the Treasury from offshore tax evasion could be as high as $100 billion a year, including $40 billion to $70 billion from individuals and some $30 billion from corporations. Of course, there are legitimate reasons to have offshore accounts. "The super-rich aren't born into the category of being tax evaders," points out John Christensen of the Tax Justice Network. In the coming months, however, we're likely to find out a lot more about...
...This, despite the fact that on campaign finance, tax cuts, health care, judicial nominations, the environment, the use of torture, the fate of Guantánamo Bay and other issues, McCain stood apart - and sometimes alone - from both his President and his party. For all that, he cannot escape Bush's shadow - in part because no Republican nominee could but also because McCain cannot afford to try, given how suspiciously he is regarded by conservatives. And so he answers questions like that one in Ohio with a fatalistic admission that he and the President are linked, for better and probably...
...when he left in a staff shake-up. "He became a rock star. On the trail he discovered all these new issues. How could he go back to the Senate and not talk about the need for a patients' bill of rights or stand up and say Bush's tax cuts were unfair...
...While the two leaders agree on Iraq and McCain now claims to share Bush's commitment to tax cuts, a McCain presidency would in other ways bear only scant resemblance to the Bush years. On the environment, spending, government reform and other issues, McCain remains at odds with Bush. And the corporate ethos of this Administration would be replaced by something dramatically, and perhaps chaotically, less programmed. And yet most voters aren't going to forget their feelings about the current President when they cast their ballots in November. After McCain secured his party's nomination in March, he visited...