Word: washington
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Dates: during 2010-2019
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Hiking taxes is the less traumatic course, though it will only be accepted as the cost of inaction rises. "Congress only responds to financial crisis or some other external shock," says Bill Gale, co-director of the Tax Policy Center in Washington. "Nothing will be done in Obama's first term to substantially increase tax revenue." (See the top 10 bankruptcies...
...similar strategy for managing a growing mountain of debt on this side of the Atlantic might work, with Washington increasing the top tax rate, say, from 35% to 45%. At the same time, rates could be increased by a smaller amount in lower brackets...
...Washington ponders its taxation options, it might also wish to cast its gaze toward the NYSE and Nasdaq, whose companies add very little to the public till. In fact, their contribution as a percentage of GDP ranks in the bottom quartile among OECD nations' figures...
With momentum from the victory, the team will look to continue its winning ways against the Georgetown Hoyas (0-1) tomorrow in Washington...
...Trent Lott over his advice on the budget resolution. Lott reinstalled Frumin - making him the only parliamentarian to be appointed by both parties - who then stuck to Dove's recommendations. "I've known Alan very well for a very long time," says Dove, who now teaches at George Washington University and practices law at Patton Boggs. "He's more than up for the job." Frumin, as is tradition for sitting parliamentarians, declined to be interviewed for this story...