Costs are exploding for institutions, and the burden of tuition and room and board is driving families and students into deep and sometimes unrecoverable debt.
They found that, even with one form of rebate, this version of a VAT would impose a larger tax burden on low- and moderate-income households than an across-the-board income tax rate increase.
The New York Stock Exchange is exploring ways to share regulatory duties with the NASD and lessen the reporting burden on member securities firms, according to John Thain , the chief executive of the Big Board.