Word: taxingly
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Dates: during 1990-1999
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That challenge has got harder for the slim G.O.P. majority in the House, where big ideas can falter on just six votes. Speaker-elect Bob Livingston and his team are promising tax cuts, more money for defense and a new way of bookkeeping that will do away with the accounting trick of using Social Security money to mask budget deficits. Enacting such a bold program while keeping the budget balanced will mean pinching funds that pay for programs to which voters seem attached, such as low-income home-energy assistance and environmental enforcement. Moderates within the G.O.P. are likely...
...that climate, Watts will find it hard to be any more successful than he has been during his four years in the House pushing legislation that mixes self-reliance and a helping hand. He has offered a plan to revive low-income areas with tax breaks for investment, school vouchers and federal funding for church-sponsored social services. A member of the upstart class of 1994, Watts rode to Washington on a promise to reform welfare, arguing that "race-hustling poverty pimps" in the Democratic Party had used it and other social programs to hook blacks on government checks...
...Harry Bresky, financial statements filed in the Kahn legal case show that in 1991 he reported a net worth of $84 million. That was back when Seaboard stock was less than half its present value. Like many millionaires, Bresky also enjoyed a comparatively low federal tax rate. On his 1990 U.S. income tax return, he reported adjusted gross income of $2.243 million and paid $503,000 in federal income and Social Security taxes. His effective overall tax rate worked out to 22.4%--just a few percentage points above the 16.8% rate paid by families earning $35,000 a year...
Kraft, like so many other franchise owners in all of the major sports, felt the state owed him a living. He demanded, and eventually received from Connecticut, a publicly financed stadium, a raft of tax breaks and numerous financial guarantees. Were it not for the strong opposition of House Speaker Thomas M. Finneran (D-Mattapan), the state likely would have given in to Kraft's demands...
...Smokers familiar with their pushers' legendary financial acumen shouldn't be too surprised to get stuck with the tab. But if they cheered at all when Sen. John McCain's $516 billion settlement bill died this year -- largely because of a virulent industry ad campaign that attacked the "tax-and-spend" $1.10 increase -- they ought to be a little peeved that this time the taxes are coming from their own side. Of course that hasn't stopped Philip Morris stock from its steady runup -- in a smoker's blood, nicotine generally wins out over outrage...