The settlement actually runs in perpetuity, turning the tobacco firms into permanent tax-collection agencies for the states.
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That means that the stimulus should be explicitly short-term--not a permanent tax cut or spending entitlement, '' he said.
Permanent tax cuts are unlikely to boost investment, which is influenced more by profits, excess capacity and confidence.
The same can be said for Republican efforts to make permanent tax cuts.
At the same time, he promises permanent tax cuts for 95% of workers.
Make no mistake: He and his party believe we should also give a permanent tax cut to the wealthiest 2 percent of Americans.
That one will likely include a permanent tax cut, says Pelosi.
He still plans to expand publicly financed health care, make permanent tax credits to the majority of workers, expand college assistance and invest in alternative energy.
In August Manning hosted his old ally, Senator Kerry, at Manning's weekend boathouse on Nantucket, talking up his new wind fund and the need for permanent tax credits.
Now, the Republicans in Congress strongly favored permanent tax breaks for the wealthiest taxpayers and the wealthiest estates, most of which would go to millionaires and even billionaires.
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And as the President promised, millionaires and billionaires will also begin doing more to help pay down the deficit through a combination of permanent tax rate increases and reduced tax benefits.
John McMain is not going for a quick fix, but wants to the see the corporate tax rate cut from 35% to 25% and a permanent tax credit for businesses' research and development.
Instead, we have created a patchwork quilt of energy subsidies and tax credits that has bifurcated into two camps: Permanent tax credits for the fossil fuel industry and temporary credits and subsidies for the renewable energy industry.
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When borrowing is already rising to dangerous and unsustainable levels, temporary short-term giveaways now, paid for by permanent tax rises and even higher borrowing later is a big economic mistake, because it misunderstands how people actually behave.
George argues that temporary provisions are the only tax laws where the costs are fully accounted for because permanent tax cuts can cost much more outside the budget window than in the five- or ten-year period considered when the legislation is debated.
And what is abundantly clear to everyone in this town is that Republicans will block a permanent tax cut for the middle class unless they also get a permanent tax cut for the wealthiest Americans, regardless of the cost or impact on the deficit.
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So I guess another way of thinking about it is that if -- certainly if we had made a determination that the deal was a permanent tax break for high-income individuals in exchange for these short-term things that people need right now, that would have been unacceptable.
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This would be a bad idea because permanent tax breaks are hard to eliminate once enacted, and it is not clear that we can afford more tax giveaways over the long term, especially if the president-elect is serious about other campaign promises to expand access to health care and invest more in infrastructure and green technology.
"Democrats agree that there should be permanent extension to the middle-class tax cuts, that there shouldn't be a permanent extension of tax cuts for millionaires and billionaires, " said White House press secretary Bill Burton.
R. 4154, Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009.
Our preferred method was to make permanent the tax cuts for the middle class.
They believe that we should also make permanent the tax cuts for the wealthiest 2 percent of Americans.
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And he wants to make permanent a tax credit to help college students pay for tuition over four years.
Republicans want to make permanent the tax cuts for the wealthiest Americans.
He urged them to make permanent his tax cuts, which expire in 2010 and 2011, and he vowed to veto any future legislation raising taxes.
Key to mitigating the damage of the about-to-worsen inflation is making permanent the tax cuts of 2003--or at least extending them for a couple of years.
Any failure to extend or make permanent the tax cuts of 2001 and 2003, in whole or in part, would clearly increase taxes on the American people.
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He is committed to extending, and believes we should make permanent, tax cuts for 98 percent of taxpaying Americans -- a middle-class tax cut for Americans who need it.
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