Word: taxing
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...Global Competitiveness Report, published by the World Economic Forum, states that the top three obstacles to doing business in the United States are high tax rates, stringent tax regulations, and government bureaucracy. Even France does (relatively) better in these areas, according to local businessmen who responded to the survey. The clear conclusion is this: The American government has only been impeded by a tax code too Byzantine and a collection process too demanding for efficiency or global viability...
...ideal opportunity to start from scratch, beginning at the most mundane level. It begins with a recognition of the hidden minimalist beauty of straightforward IRS paperwork. One could argue about the “optimal” level and structure of taxation, but the general direction of our tax legislation must be the one toward less complexity. Fred Thompson’s proposal may need to be fine-tuned, but it would be a crushing disappointment if the country missed an opportunity to reform a clumsy tax system that only hinders competition with other national economies...
...treated with decency: To assume that the entire nation holds law or economics degrees is not only practically problematic and costly, but hardly good manners. As voters, Americans tend to keep their economic interests in mind when they shop for the right candidate. All presidential hopefuls should realize that tax reform is essential for the country’s success—and could be the key to their...
...draft of which lawmakers hope to have by Friday, when the extended 2002 farm law expires. Though President Bush called the new bill "bloated" at a press conference on Tuesday, he stopped short of threatening to veto it, as he had an earlier version of the bill before a tax increase was included in the legislation. At least one senator's aide took the absence of a new veto threat as a hopeful sign...
...diverts the livestock-feed supply and occupies valuable land that could be used to grow food for humans. Along with low crop yields around the world and increased demand from China, it contributes to rising food prices. Under the new Farm Bill, corn-based ethanol producers may see their tax credit fall as much as 6 cents per gallon, down to 45 cents. The bill would instead offer a $1-per-gallon subsidy to producers of cellulosic ethanol, made from corn stalks, switchgrass and wood chips, which studies show can be produced more efficiently than corn-based fuel...