Word: wealthiest
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...weeks ago, Senator Joe Biden had a perfect little epiphany: Why not pay for the $87 billion that's needed for Iraq by asking the wealthiest 1% of Americans to forgo their Bush tax breaks for just a year--2010? The Bush breaks, after all, would be worth $89 billion that year. "I haven't found one single wealthy American" who wouldn't be willing to do that, Biden told Fox News. The idea has been gaining steam among his fellow Democrats in the Senate and may be introduced in the House by Congressman Tom Lantos of California. It probably...
...that is undoubtedly what Clinton would do now if he were George Bush: he would totally bollix the Democrats by delaying, or scrapping, his tax cut for the wealthiest Americans. He would give an Oval Office speech, profess his continuing belief in the mystical power of tax cuts--but cite the national emergency in Iraq and the jobless recovery at home. He might even lift General Clark's deft gambit (which Clark lifted from John Edwards): a $40 billion jobs program disguised as a homeland-security program that would include reinforcing bridges and tunnels against terrorist attack and enlarging...
...platform promises and the actual proposals the Bush team released while campaigning. Sometimes Candidate Bush’s emphasis was misleading; the future president stumped about unburdening the middle class but reserved his largest tax cuts for the income tax and estate tax, taxes that most affect the wealthiest Americans, Krugman charges. On other occasions, Krugman points out, the economic policies Bush proposed in his campaign simply did not add up. Krugman calls this the problem of “2 – 1 = 4,” demonstrating how the Bush plan to privatize Social Security could...
...fact that during his three terms in Congress he?d never voted for more taxes. Now, just six months after becoming Alabama?s governor, Riley is committing the ultimate GOP heresy: trying to ram through a $1.2 billion tax increase that would hit hardest the state?s wealthiest Republicans - who enthusiastically backed him during the campaign because he promised never to do such a thing. State GOP Chairman Marty Connors is beside himself. ?It?s too big, too fast, too soon,? he gripes. Riley?s plan would result in almost a one-fourth increase in the state?s $5.3 billion...
...French government dumped a €1.2 billion stake in Renault, reducing its holding in the carmaker to 15%. Lawmakers then waved through a draft bill allowing the state's share in former monopoly France Télécom to drop below 50%. Update One of Turkey's wealthiest families, the Uzans - profiled in time last week - was found guilty of perpetrating a "huge fraud" against Motorola and Nokia. A New York federal judge found the Uzans had "siphoned" hundreds of millions of the two telecom firms' money "into their own pockets." They have been ordered to pay the companies...