首页
登录
职称英语
President will make his case for his $1.6 trillion tax cut plan, deliverin
President will make his case for his $1.6 trillion tax cut plan, deliverin
游客
2023-11-18
48
管理
问题
President will make his case for his $1.6 trillion tax cut plan, delivering a speech at a community center in St. Louis. The proposal would slash federal tax rates across all levels of income, eliminate the so-called marriage penalty and phase out estate taxes. Democrats complain that the plan—which would cut the top rate from 39 to 33 percent—would disproportionately benefit the wealthy and unnecessarily squander expected budget surpluses. Some of the richest Americans are urging Congress not to repeal the estate tax, The New York Times reported on Wednesday, Feb.14.
About 120 wealthy Americans had signed or supported a petition to oppose phasing out the tax. President Bush has included the repeal of the tax in his $1.6 trillion tax cut proposal. Normally when "dozens" of Americans join in a political cause, it is not particularly noteworthy, but in this case the dozens include: George Soros, a billionaire financier; Warren Buffett, an investor listed as America’s fourth-richest person; the philanthropist David Rockefeller Jr.; and William Gates Sr., a Seattle lawyer and father of America’s richest man, Microsoft Corp. Chairman Bill Gates.
It was refreshing to see Buffer and George Soros and a number of other extremely wealthy luminaries stand up in opposition to President Bush’s proposed repeal of the estate tax. While the policy has some emotional attractions--it would protect the inheritors of some small businesses from having to sell the companies to pay taxes, and it is true that most people have been taxed on their savings once already—in practice the tax repeal would mainly be a windfall for a very small number of very, very rich people.
Buffer and company cite these factors in their petition calling for opposition to the estate-tax repeal. They also discuss something that’s equally emotional and far more complex: the principle of meritocracy. The idea that everyone in America has an equal chance, that our fates are not determined by accidents of birth, is one of our core values. And nowhere is this principle more revered than in the technology economy; entrepreneurship is almost by definition an expression of meritocracy.
The petitioners argue that repealing the tax will cost the Treasury billions of dollars in lost revenues and will result in either increased taxes in the long run or cuts to Medicate, Social Security, environmental protection and other government programs.
Repealing the levy "would enrich the heirs of America’s millionaires and billionaires, while hurting families who struggle to make ends meet," the petition says.
Buffer told the Times that repealing the estate tax would be a "terrible mistake" and the equivalent of "choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics."
An old brokerage commercial says: "He made his money the old-fashioned way: He earned it." There was a perfect parody of the ad in which the line read: "He made his money the old-fashioned way: He inherited it." In 20 or 50 or 100 years, which of these lines will be right? Buffer and Soros and friends, to their credit, want to help make the first one real. Let’s hope this is only one step in that process. [br] Who will benefit most from the estate-tax repeal in practice?
选项
A、The businessmen dealing in real estate.
B、The inheritors of some small businesses.
C、A very small number of very, very rich people.
D、The people who struggle to make both ends meet.
答案
C
解析
细节题。文章第1段第3句中的benefit the wealthy和第3段最后一句中的a windfall for…rich people都明确表明选项C正确。
转载请注明原文地址:https://tihaiku.com/zcyy/3197040.html
相关试题推荐
EvangelicalChristians,buoyedbythere-electionofPresidentBush,aretu
AccordingtoPakistaniPresident,thechancesofthetwocountriesgoingtowar
AccordingtoPakistaniPresident,thechancesofthetwocountriesgoingtowar
Whatisthisnewsmainlyabout?[br][originaltext]Iraq’sPresidentJalal
Whatisthisnewsmainlyabout?[originaltext]Iraq’sPresidentJalalTalaba
AllthePresident’sMen______oneoftheimportantbooksforhistorianswhostudy
WhodidPresidentBushmeetwith?[br][originaltext]AftermeetingwithDefe
WhodidPresidentBushmeetwith?[originaltext]AftermeetingwithDefenseSe
PresidentClinton’sdecisiononApr.8tosendChinesePremierZhuRongjip
Thewholecountrywas______toseethatthepresidentwouldreturntoofficeaf
随机试题
MrYang’sEverbrightStonerecentlysignedacontractwithDeBeersbasedinSou
EnvironmentalImpactsofMassTourismVocabularyandExpressionstrivialize
Whentypingitisadvisabletoleaveawide______onbothsidesofthepage.A、b
林小姐投资某债券,买入价格为100元,卖出价格为110元,期间取得利息收入10元
下列选项中,不属于美术的造型元素的是()A.线条 B.色彩 C.空间
小学生学写新字时,先听教师讲解,观察教师书写示范。这时的技能学习阶段处于()A.
面试热点:好文学需要好保护 【热点背景】 好文学需要好保护,才能吸引
从业务运作的实质来看,福费廷就是远期票据贴现,所以福费廷等同于一般的票据贴现业务
如果采购管理系统没有启用,那采购发票只能在应付系统中输入。()
索赔的分类中,按照索赔事件的性质分类包括()。A.承包人或发包人与供货人之间的
最新回复
(
0
)