Word: cuttingly
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Dates: during 2000-2000
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...similar inventions terrified the music industry with death by a thousand clicks. Video software allowed anyone to be an auteur. A novel titled Riding the Bullet, by a plucky little outsider named Stephen King, showed that the e-book could democratize publishing. Or at least win a bigger cut for filthy-rich authors. New millennium art may not know where it's going yet, but wherever that may be, it'll charge for the trip. --James Poniewozik...
...Reserve governor has been sour for so long on the economy?s prospects that he cashed out all his stocks in 1997, when the Dow Jones average was still at 8,500. And for Lindsey, a dedicated supply sider, the remedy for recession just happens to be a tax cut. Most economists insist, however, that tax cuts have very little effect on recessions, largely because their benefits kick in too late to affect the problem. To pre-empt his critics, Bush could redesign his proposal to provide accelerated benefits. One possibility being discussed among his advisers would be to change...
...Another reason the Bush tax cut may not have much impact is that its biggest parts, like across-the-board rate reductions, are the ones least likely to sail through a sharply divided Congress. And the pieces that are easiest to pass, like an end to the marriage penalty for joint filers, are too small to do much to stimulate consumer spending. Democrats have accepted the inevitability of some kind of tax reduction?s passing Congress this year. House minority leader Dick Gephardt has already said so. But none of them is prepared to support cuts of the size that...
...Democrats are also planning to stick to the argument that a big tax cut means you can forget about using the burgeoning federal budget surplus to pay down the national debt. In an adroit bit of political gamesmanship, Bill Clinton played up the goal of debt elimination last week when he unveiled new White House budget calculations that show the total surplus over the next 10 years rising to nearly $5 trillion, an $800 billion increase over the last estimate issued just six months ago. ?We should be shooting for a debt-free America by the end of the decade...
...view of many economists, interest-rate modifications are better than tax cuts as a way of combating slowdowns, in which case the main weapon of recession fighting would rest with Greenspan. All the same, Bush is hoping that he can get the Fed chairman to signal in some way that he too would agree to a big slice, perhaps during his upcoming testimony before Congress. Greenspan thinks the surplus should be used to pay down the national debt, but he would accept seeing some of it go back as a tax cut before he would allow Congress...