Word: taxingly
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...again" - a sentiment learned from the trials and tribulations faced during the Lost Decade. There is no easy solution to this endemic lack of confidence, he says; it requires different policy solutions than what Western economies require. "We did a lot in terms of capital injection, recapitalization, public investment, tax cuts - everything. We were ahead of the curve, front-liners," he says. "We have success in stabilizing the economy, but have continuously failed in recovering the economy...
...pension, insured by quasi-governmental agency the Pension Benefit Guarantee Corp.; with nearly 1 million participants, it is the largest private defined-benefit pension plan in the U.S. Some experts estimate that that hit alone could cost taxpayers more than $100 billion, with another $100 billion in lost tax revenues and $10 billion in increased Medicaid expenditures annually...
Democrats face internal divisions on other economy-related issues too. Liberals are eager to tackle a big agenda, including a tax hike on the wealthy and a bigger public-works stimulus package. But reality may bring the party's leadership back down to earth. The senior Democratic aide expects no upper-income tax hikes or big infrastructure investments, and says the stimulus package rolled out this week will be restrained. "It'll be unemployment-benefits extension, a federal Medicaid matching program and allowing small businesses to write off immediately more of the expenses," the aide says. Even so, the package...
...Liberalism," Huckabee identifies what he calls the "real threat" to the Republican Party: "libertarianism masked as conservatism." He is not so much concerned with the libertarian candidate Ron Paul's Republican supporters as he is with a strain of mainstream fiscal-conservative thought that demands ideological purity, seeing any tax increase as apostasy and leaving little room for government-driven solutions to people's problems. "I don't take issue with what they believe, but the smugness with which they believe it," writes Huckabee, who raised some taxes as governor and cut deals with his state's Democratic legislature. "Faux...
...book, Huckabee's sixth. Rather, Huckabee, who now hosts a weekend show on Fox News, spends most of the pages celebrating the grass-roots success of his surprisingly successful campaign and laying out, again, his vision for the future of the Republican Party, which includes instituting a national sales tax to replace the income tax and renewed focus on health-care prevention and education. He mentions McCain only in passing, and with praise, calling him a "true statesman and a man of honor...