CBO analysis shows that the type of tax reductions found in thePresident's Economic Growth package work to offset the drag on theeconomy from increased spending.
Li Qiang’s stress on pursuing stable growth through macro policies, domestic demand and innovation will offer some tailwind for struggling equities, traders and analysts say.
In contrast to the current federal tax code, a pro-growth tax policy would minimize the tax distortions to the incentives guiding individual decisions.
The House and Senate leadership currently has before it threeoptions for cutting taxes and advancing economic growth: the taxlegislation recently passed in the House (H.B. 2) and the Senate(S.B. 1054) and President George Bush's economic plan.
© Provided by Xinhua BEIJING, Oct. 27 (Xinhua) China industrial economy is showing more positive signs of recovery despite a profit decline in the f