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December 2, 2014

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Dec. 17, 2007 / 8 Teves 5768

A taxing time for Dems

By Michael Barone


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http://www.JewishWorldReview.com | It's been a while since taxes were a potent political issue. It was almost 20 years ago that George H. W. Bush invited voters to "read my lips" and a baker's dozen years since Republicans captured Congress by decrying the Clinton tax increases. George W. Bush did promise to cut taxes, but it didn't help him much in 2000, and the ensuing economic recovery didn't help him much in 2004.


But taxes could be an issue in 2008, as the federal tax structure is poised to change in the next few years. First, the Bush tax cuts are scheduled to expire in 2010, and the Democrats, who seem almost sure to hold or expand their majorities in the next Congress, seem determined not to extend some or all of them. So taxes at least on high earners are likely to rise. Secondly, the alternative minimum tax, passed in 1969 to prevent a handful of millionaires from avoiding income tax altogether, is now slated to hit more than 20 percent of taxpayers. And that percentage is due to rise every year because the AMT is not indexed for inflation.


The paradox is that the same Democrats who want to increase top-bracket income and capital-gains tax rates are desperately eager to spare relatively high earners from the AMT. So desperate that Senate Democrats agreed to waive the "paygo" rule they reinstated when they took control. Paygo requires that a tax cut be offset by a tax increase or a spending cut of corresponding dollar amounts. But when the Senate early this month passed its $50 billion AMT "patch" exempting 23 million taxpayers from the AMT for one year, it waived the paygo rule. House Democrats are simmering, but they will probably have to go along. There's a process argument for waiving paygo, which is that future AMT revenues are fictitious because no Congress will allow the tax to go into effect. But it's nonetheless embarrassing for Democrats to renounce a rule they adopted as a guarantee of their fiscal responsibility.


The reason Democrats risked this embarrassment is that the AMT tends to fall on voters in places with high state and local government spending and taxes, Democratic places like Massachusetts, Connecticut, New York, New Jersey, Maryland, and California. Taxpayers hit by the AMT can't deduct state and local taxes from their federal income tax bill. Sooner or later, that puts downward political pressure on state and local spending. And that, in turn, threatens the vested interest of a key Democratic constituency, the public employee unions. Democratic voters in suburban New Jersey, for example, who feel far from rich face a substantial tax increase if they're suddenly covered by the AMT. They may take their revenge on Democratic candidates and on New Jersey public employee union members.


Broader reform. The Democrats' need to get rid of the AMT suggests the possibility of broader tax reform. House Ways and Means Chairman Charles Rangel has put forth such a proposal, with a cut in the corporate tax rate and huge tax increases on very high earners. But it's a nonstarter as long as George W. Bush is in office. Another approach with more bipartisan appeal would be to combine AMT repeal and extension of the Bush tax cuts with a mass repeal of tax exemptions, along the lines of the 1986 bipartisan tax law.


Meanwhile, in this election cycle, the AMT remains largely invisible to the voters who are threatened by it, and it will remain so unless Congress somehow fails to patch it this year. The more visible issue is whether or to what extent taxes will go up in 2010.


Democrats, conscious of the popularity of some recent governors who have raised taxes (like Mark Warner of Virginia), seem on the surface unfazed about the political risks of tax increases and are preparing to argue that they'll raise taxes only on the rich. But this may be awkward at a time when the budget deficit is rapidly declining and when we face the nontrivial possibility of a recession. A tax increase in a recession is usually not a good idea. And Republicans will say that when Democrats promise to tax the rich, they end up raising taxes on the ordinary person, as Bill Clinton and the Democratic Congress did in 1993. The Democrats' desperation to patch the AMT and their willingness to break their own paygo rule suggest that they fear the wrath of those New Jersey suburbanites more than they let on.

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BARONE'S LATEST
The New Americans  

Now, more than ever, the melting pot must be used to keep America great. Barone attacks multiculturalism and anti-American apologists--but he also rejects proposals for building a wall to keep immigrants out, or rounding up millions of illegals to send back home. Rather, the melting pot must be allowed to work (as it has for centuries) to teach new Americans the values, history, and unique spirit of America so they, too, can enjoy the American dream.. Sales help fund JWR.

JWR contributor Michael Barone is a columnist at U.S. News & World Report. Comment by clicking here.




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