Word: taxingly
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Some conservatives are worried enough that they're taking action. In early November, former conservative Prime Minister Jean-Pierre Raffarin led a revolt in France's upper house of parliament by refusing to back Sarkozy's pet bill that would have ended a particular tax on businesses. Though Raffarin agrees with lower taxes in principle, he's been joined by two other former conservative leaders - and most of the 37,000-plus mayors of France - in ridiculing the idea of eliminating one of the main sources of income for regional and local governments before a more general reform of those...
...neighbors, Dubai had limited reserves, prompting its rulers to turn to other industries to fuel their bold economic aspirations. Starting in the 1980s, at the prompting of Sheik Mohammed bin Rashid al-Maktoum, then the crown prince, Dubai fashioned itself into a free-trade oasis. It opened a tax-free infotech hub, Dubai Internet City, in 2000, to attract technology companies; media, finance and maritime projects soon followed...
...also faces scrutiny because of her wealth, which is estimated to be more than $1 billion. "There's a history of wealthy Californians trying to start at the top, like Meg Whitman and Carly Fiorina, without having paid their dues," says Lew Uhler, president of the National Tax Limitation Committee, an antitax group, who is supporting one of Whitman's opponents. It takes a vast amount of money to be competitive in California, but the road to Sacramento is littered with the bodies of failed parvenus: Michael Huffington, the former Republican Congressman and ex-husband of Arianna, blew $28 million...
...into effect. As he has done in the past, the President is leaving most of those details to Democrats in Congress, who are likely to split up his requests into separate measures over the coming months. Obama wants about $50 billion in new spending on roads and bridges, new tax incentives for small-business hiring, a zeroing of the capital gains tax for small businesses and an extension of several other small-business incentives. Congress is sure to add its favorites before it is finished...
...using more federal money to create jobs. In addition to the infrastructure piece, which aides said could cost as much as $50 billion, Obama proposed new incentives for consumers who retrofit their homes (a program some have already dubbed Cash for Caulkers), an elimination of the capital-gains tax for small businesses and extensions of several other programs from the last stimulus to help small businesses. He also said he would instruct the Treasury Department to use funds that have already been appropriated to increase the flow of credit to small businesses...