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Tax (Criticism) Day

Sat, 23 Apr 2005 13:21:52 GMT

To many Americans, particularly those who have waited until the last minute to file their tax returns, this week is the low point in their in their relationship with their government.



Erosion of Estate Tax Is a Lesson in Politics

Sat, 23 Apr 2005 13:21:52 GMT

A House vote to permanently repeal the estate tax would move the Mars candy, Gallo wine and Campbell soup fortunes one step closer to a goal that once seemed quixotic at best: ending all taxation on inheritances.



At the Top, Pennies Per Share Add Up

Sat, 23 Apr 2005 13:21:52 GMT

Like many companies in Silicon Valley, Xilinx Inc. liked its cash -- for expansion, for investment and for stock buybacks that boosted its share prices. But when Congress and President Bush slashed the tax rate on dividends in 2003, the San Jose chipmaker had a change of heart.



Report: Officials Fail to Track Lobbying

Sat, 23 Apr 2005 13:21:52 GMT

The government has fallen behind in keeping track of the billions of dollars a year that lobbyists spend, according to a study by the nonpartisan Center for Public Integrity.



Charities Work to Regain Donor Confidence

Sat, 23 Apr 2005 13:21:52 GMT

United Way's rapid descent -- and problems at other respected charities around the nation --are fueling a regulatory drive to make it clearer to donors what happens to their money.



Legislators to Take Up Replacing OFHEO

Sat, 23 Apr 2005 13:21:52 GMT

Congressional efforts to toughen government oversight of Fannie Mae and Freddie Mac resume Wednesday, with the mortgage finance companies politically weakened by financial scandal and their chief government nemesis leaving the stage.



Tax Abuse Rampant in Nonprofits, IRS Says

Sat, 23 Apr 2005 13:21:52 GMT

Charities and other nonprofits exempted from taxes because they serve a public purpose have become a hotbed of tax evasion and abuse, according to the head of the IRS.



New Ethics Rules Cost NIH Top Researcher

Sat, 23 Apr 2005 13:21:52 GMT

James F. Battey, chief of NIH's stem-cell program and director of that agency's deafness institute, will retire in September, citing his inability to comply with strict new conflict-of-interest rules that have prompted a backlash.
-The Washington Post



World Bank Board Approves Wolfowitz

Sat, 23 Apr 2005 13:21:52 GMT

The board of the World Bank unanimously approved Paul D. Wolfowitz today as the bank's next president, heralding a new era of conservative influence over the giant antipoverty institution.



AARP Digs Deep in Social Security Fight

Sat, 23 Apr 2005 13:21:52 GMT

Over this week and last, the nation's largest lobby will have spent more than $5 million on ads attacking Bush's plan -- nearly three times as much as all the supporters of his proposal put together. That's just for starters.



Conservatives Splitting On Social Security

Sat, 23 Apr 2005 13:21:52 GMT

President Bush's proposal to add private investment accounts to Social Security is beginning to create controversy within the one group that has most forcefully embraced the idea in theory: the conservative intelligentsia.



Wolfowitz Closing In on World Bank Post

Sat, 23 Apr 2005 13:21:52 GMT

Deputy Defense Secretary Paul D. Wolfowitz closed in on the presidency of the World Bank Monday when Chancellor Gerhard Schroeder said Germany would not try to block Wolfowitz's candidacy.



Kaine Urges 20% Exemption for Va. Homeowners

Sat, 23 Apr 2005 13:21:52 GMT

Lt. Gov. Timothy M. Kaine unveiled a homeowner tax relief plan as one of the cornerstones of his Democratic gubernatorial campaign, calling for a state constitutional amendment to allow local governments to exempt as much as 20 percent of a home's value from real estate taxes.



Paul Wolfowitz Picked to Head World Bank

Sat, 23 Apr 2005 13:21:52 GMT

President Bush has nominated the controversial deputy secretary of defense, and key architect of the Iraq War, to lead World Bank.



EPA to Issue Rule on Mercury

Sat, 23 Apr 2005 13:21:52 GMT

The Environmental Protection Agency will issue a rule to reduce mercury emissions from power plants through a cap-and-trade system that allows some power plants to make deep pollution cuts while others make none.



Forum Withdraws Support of Bush Plan

Sat, 23 Apr 2005 13:21:52 GMT

Another major Wall Street player has dropped out of a business coalition that supports President Bush's restructuring of Social Security.



Growing Skepticism of Bush Social Security Plan

Sat, 23 Apr 2005 13:21:52 GMT

Three months after President Bush launched his drive to create private investment accounts, public support for his program remains weak, according to a new poll.



House Panel to Address Subprime Lending

Sat, 23 Apr 2005 13:21:52 GMT

Key members of the House Committee on Financial Services may introduce new federal legislation on so-called predatory lending practices as early as today.



Hearings Focus on $100B Army Plan

Sat, 23 Apr 2005 13:21:52 GMT

Army's Future Combat System, an ambitious program of land and air vehicles connected by wireless computers, will get fresh scrutiny from Congress starting this week. -The Washington Post



CompUSA Bound by Advertised Rebates

Sat, 23 Apr 2005 13:21:52 GMT

The Federal Trade Commission Friday reached a settlement with CompUSA Inc., requiring it to pay for rebates that a supplier failed to deliver to customers -- an action designed as a warning to retailers that they will be held accountable for rebates they advertise.
-The Washington Post