The brilliance of the Graetz plan is that no tax expenditures need to be repealed.
But the fact that more than fifteen per cent of personal consumption expenditures now go to medical care, when in 1930 only three per cent of personal consumption did, isn't a reflection of frivolity, and that's not going to change any time soon.
Under FEC law, anyone employed by a formal campaign must undergo a 120-day waiting period before engaging with independent expenditures.
And it is always hard to trim tax expenditures such as the mortgage interest deduction and state and local tax preferences – especially now, at a moment when the economy is still recovering from a housing-led downturn and state and local governments still face significant deficits that need to be closed.
A combination of softness in the economy and reductions in MGNREGA expenditures (declines of 3 and 36% in the last two years) have played a key role.
Don't talk about how you run Art Club – that is, don't talk about your risks, your losses and definitely don't discuss your eccentric shortcuts or the expenditures that ultimately win you a customer base.
Unlike the US, Japan and Korea, where golf is a sport of the leisured middle class, in China high membership fees, equipment costs and associated expenditures make it very much a privilege of the rich.
Just before the second world war, with rearmament consuming vast government expenditures, estate duty contributed almost 15% of total tax raised, compared with less than 2% today.
The company said it planned to raise some tens of millions of dollars with the share issue, many times its current annual expenditures and about a third of its overall market cap.
Its capital expenditures have skyrocketed from $2.3 billion in 1992 to an estimated $9 billion this year, mostly to upgrade its long-distance network, which is shabbier than those of younger firms such as WorldCom.Having to depend on your chief competitor as any reseller must is not an attractive position.
Across all measures of seniority, the declines are large and highly significant....The coefficient implies a 1.2% drop in scaled capital expenditures.
