Word: wealthiest
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...extract more revenues from the most affluent taxpayers than the bipartisan proposal that was dumped by the House two weeks ago. But it was also certain to inflict pain on middle-income earners, who were already outraged at the lawmakers' willingness to tax them more heavily than the wealthiest Americans...
...bill. Democrats tried to camouflage that unpleasant reality by larding their proposals with provisions that appeared to soak the rich but would only add $60.4 billion to the government's coffers over five years. Republicans attempted to disguise it by denouncing even small increases in income taxes for the wealthiest citizens as an attempt to foist higher rates on everyone. Such maneuvers missed the point: both parties are responsible for the current mess...
...saying again that he opposes new income taxes. But times have changed since his earlier (and since-broken) campaign pledge. Congressional Democrats now can regain the initiative in American politics by supporting new income taxes. President Bush either will have to support a tax hike for the wealthiest Americans or become the ultimate bad guy in the budget battle...
...despite the burst of bipartisan determination, Bush is unlikely to be presented with an accord when he returns to Washington. As the talks began, Democrats suggested instituting a vaguely defined tax on energy and eliminating the income tax provision that reduces the marginal tax rate for the wealthiest Americans from 33% to 28%. Both ideas are anathema to Republicans, some of whom, like House minority whip Newt Gingrich, are calling for tax cuts to blunt the edge of a recession. G.O.P. leaders responded with a call for a cut in capital gains taxes, which Democrats adamantly oppose, along with higher...
Many believe that the tours of former Beatle members now only serve to add quick cash to their already huge fortunes. McCartney himself is one of the wealthiest people in England. And when McCartney played old Beatles songs as if they were his solo works, it was hard not to question his intentions and find cynical answers...