Word: taxingly
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...Office of Management and Budget, never had a chance. While the costs in the document might have been controlled well enough to meet expense estimates, the rate at which the economy is coming unhinged always meant that the amount of money which was supposed to come in from taxes was always at risk. OMB now says tax receipts will drop a breathtaking 15% compared with last year. (See pictures of the Top 10 scared traders...
...that you've finished filing your taxes, here's another task sure to clog your calculator-tallying the cost of the auto bailout. With General Motors Corp. running through $10 billion in cash from the federal treasury during the first three months of 2009 and Congress poised to offer consumers substantial tax credits for new, more fuel efficient vehicles, the costs of helping the struggling automobile industry are mounting fast. Throw in special financing for auto loans supported by the Federal Reserve Board, and the aid for automakers now totals $83 billion-and it keeps growing...
...replaces Manuel at Finance? Pravin Gordhan, former head of South Africa's tax authority. This is more good news. Tax compliance has long been a problem in South Africa. But Gordhan has got more people to pay more tax, raising the tax base by around 10% every year since he was appointed in 1999. He is respected by the markets and his appointment should go some way to reassuring them that Manuel's departure won't spell chaos...
...spur economic growth and development, with another $7.5 billion over the following five years. As Pakistan’s president, Asif Ali Zardari, puts it himself, “I am thankful for the support that I got and thankful to the people of America to give their tax dollars to us. But I need more support...
...Bush that Kemp began to realize political possibilities for Republicans committed to racial progress, said Scott Reed, his chief of staff at HUD. He championed public housing tenants over developers, even spending a night in a Philadelphia project to gain perspective. He pushed for urban enterprise zones that offered tax incentives to lure investment to blighted communities. "It generated headlines that were nontraditional for Republicans," said Reed, who went on to run Dole's 1996 campaign. "It gave him an opportunity to show Republicans that it works...