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In a rare agreement to stop really ridiculous federal spending, the Senate voted to kill Hillary Clinton's $1 million earmark for a museum at the site of the 1969 Woodstock […]

The article offers opinions on an increase in the number of financially successful U.S. companies, including Google Inc. and Dollar Tree Stores, that have received taxpayer subsidies from U.S. states. Arguments are presented which suggest that while the subsidies were given to the companies with the hopes of creating jobs, helping depressed areas, and expanding tax bases, they accomplished none of those objectives.

The article recommends a socially and economically conservative tax deduction plan called Freedom Accounts as a campaign strategy for Republican presidential candidate George W. Bush. The tax plan is envisioned to simplify the tax code. It will abolish certain taxes that are anti-family and anti-business. In line with this, it will do away with the alternative minimum tax and the estate tax. It would eliminate the marriage penalty for one- and two-earner couples. The Accounts would also let any individual to save up to $10,000 a year in a tax-free fund and invest it to finance their basic needs.

The article presents a report on the developments relevant to taxation in the United States. Several topics are mentioned and discussed in the article including existing policies on taxation, an overview of government tax expenditures, and the implications for economic conditions and policies and legislation.

This article comments on presidential candidate Ronald Reagan's proposal to reduce government expenditures in the U.S. in 1976. The politician suggested a $90 billion cut from federal expenditures. Hence, such proposal was bombarded by criticisms raised by his opponents. Some politicians oppose the use of the Keynesian framework in justifying his proposal. The politicians argue that the proposal of Reagan pose threats to public welfare as well as to the present and future economic state of the nation.

This article asserts that the U. S. Republican Party should be the sponsor of reduced taxes. In the Republican leadership's convention, a new speaker will be named. It is claimed that the Republican leadership failed to give tax reduction the kind of metaphysical grounding it needed to lift it from criticism. Figures presented by the Voter News Service and broadcast by the "Wall Street Journal" destroyed the implicit suggestion of critics of tax reduction that the Republican party is engaged in a compact with the rich.

The article examines the alternative minimum tax provision of the Tax Reform Act of 1986 in the U.S. The 1986 reform eliminated the tax loopholes or tax preferences available to wealthy taxpayers such as passive real-estate tax shelters and the preferential tax treatment for capital gains. While AMT payments fell after 1986, the total amount of personal income taxes collected from wealthy taxpayers rose dramatically.

The article comments on wrong information provided by various media journalist on various current issues in U.S. A report for National Broadcasting Co. Inc. revealed that people earning $10,000 per year are going to endure a greater diminution of benefits than those earning $80,000 a year. Anchorlady Jessica Savitch announced that tax breaks for a family earning $10,000 amounted to $120, while tax breaks for a person earning $80,000 came to $15,000. While, the original report said that the average tax relief to be received by everyone receiving $80,000 or more will come to $15,000.

The article cautions the government of U.S. President Ronald Reagan on compromising on the its tax-cut agenda. Already, signs of this compromise id in the offing with traditional Republicans and liberal Democrats adopting a balanced-budget agenda to oppose tax cuts. Compromises are also reflected in the way the U.S. Office of Management and Business and the U.S. Treasury are dealing with the issue--both agencies are justifying the balanced-budget agenda.