Word: taxingly
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Dates: during 1990-1999
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WASHINGTON: With the director of the National Economic Council predicting "surpluses as far as the eye can see," President Clinton may think he's found an answer to Republicans' 1998 election season demands for tax cuts: balancing the budget in 1999, three years earlier than was promised in last year's budget deal...
...passed--with bipartisan support--has been designed to soothe a country in flux: Kassebaum-Kennedy health-care portability, so that when you switch from one job to the next, your benefits are secure; minimum-wage increases to fight off the market's pressure on the working poor; and tax credits for families with children...
...only thing that astonished more than the size of Feeney's largesse was his determination to keep it hidden. To avoid U.S. tax-disclosure requirements, Feeney incorporated his foundations in Bermuda and sought no tax deductions. For years Forbes magazine listed him as one of the 400 richest Americans, even though he has reportedly bled his wealth of all but $5 million; Feeney abhors the list, but he let the fiction persist rather than betray his charity. Early in the year, a lawsuit over the sale by his foundation of its stake in DFS threatened to expose the scope...
...unveil a series of fresh steps to stimulate Japan's economy and stanch the banks' hemorrhaging. But what will those actions be? And will they provide strong enough medicine? A source close to the Prime Minister says it is "impossible" for the government to offer the kind of tax cuts that spur solid economic growth. "He will be able to offer a measure of confidence for the banking system," says the insider. "But we will not see economic growth for quite some time." Says former Prime Minister Kiichi Miyazawa, with characteristic understatement: "We will muddle through...
Everybody loves the workin' stiff, especially with an election year coming up. Which is why Washington witnessed a rare political alignment last week as leaders from both parties pushed credits, reductions or deductions of the tax that hits the lunch-box crowd hardest: the payroll tax. While many Republicans talk about lowering income-tax rates, Senate majority leader TRENT LOTT last week named making payroll taxes deductible as a more likely reform. And, hey, Democrat TED KENNEDY's a big fan too, listing a cut as a top priority for next year. In a private make-nice meeting last week...