In 1969, the State Legislature approved tax exemptions only on properties bought before that year, he said.
Voters in Plainedge and Levittown approved tax increases of close to 15percentt.
In 1982, 1983 and 1984, Congress approved tax increases that offset some of the Reagan cuts.
The euro, little changed yesterday, is expected to gain after Germany approved tax cuts to stimulate economic growth.
And a state-authorized nonprofit approved tax-free bonds that can help finance All Aboard Florida's business.
"Deciding whether or not to pay the debts incurred to fund the previously approved tax and spending is nuts," responded Anil K. Kashyap of the University of Chicago.
The finance minister, Somkid Jatusripitak, said that the cabinet approved tax incentives that it hoped would steady Thailand's stock market by attracting longer-term investments.
Democrats will complain that domestic programs, including education programs like Head Start and health care programs, are being shortchanged because of the recently approved tax cut.
In an effort to reverse declining tourism since the terror attacks, City Council members approved tax-free shopping days for the holiday season.
Like any government budget, Mayor Rahm Emanuel's first annual fiscal plan projects exactly how much the administration expects to reap in 2012 from the recently approved tax and fee increases, including the municipal tax on every hotel room stay.
But over the past two weeks Palestinians have been taking to the streets here and in other West Bank cities to denounce Mr. Fayyad, protesting soaring prices and recently approved tax increases.
