Word: exemption
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Dates: during 1990-1999
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...night John Kennedy Jr.'s plane went down, his cousin Patrick was not with the rest of the family for the celebration of his cousin Rory's wedding. The third-term Congressman from Rhode Island was performing just about the only other Kennedy ritual that would exempt him from attendance--politicking. As chairman of the Democratic congressional campaign committee, Kennedy was in San Francisco doing what he does almost every weekend--scooping up campaign cash to help Democrats win back the House of Representatives...
They're not really stealing, of course, but that's the way U.S. drug companies--backed by Uncle Sam--view a tactic being employed in South Africa and elsewhere. The tactic uses a loophole in the World Trade Organization's Trade-Related Intellectual Property Rights agreement to exempt worst-hit countries from patent restrictions on essential drugs. The loophole, Article 31, authorizes emergency use of "compulsory licensing" to produce essential drugs locally as long as royalties are paid. Another tactic: parallel importing, or buying in a country where the needed drugs are cheaper, circumventing artificially high prices...
Efforts are under way to change that. Last week Texas Governor George W. Bush signed a law to exempt physicians from such antitrust regulations. Republican Congressman Tom Campbell of California and Democrat John Conyers of Michigan have introduced a bill that would do the same nationwide. The bill, vigorously endorsed by the A.M.A., has bipartisan congressional support, but last week officials from the Justice Department and the Federal Trade Commission testified that it could pump up premiums...
...donations to charities that agree to use the money to buy life insurance for the donors and later split the benefits with their heirs. No longer. The IRS may subject taxpayers who use such a "charitable split trust" to a 20% underpayment penalty and may yank the tax-exempt status of participating charities...
CHRISTIAN COALITION Denied tax-exempt status owing to political activity. Time to render unto Caesar what is Caesar...