TITLE

Hank, Meet Herb

AUTHOR(S)
Forbes, Steve
PUB. DATE
January 2008
SOURCE
Forbes Asia;1/7/2008, Vol. 4 Issue 1, p11
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the thing that should be done by the U.S. government to prevent another economic crisis. What the government should do is to substantially cut individual and corporate income tax rates and eliminate the alternative minimum tax. Such moves would quickly swing the economy back into high gear. The size of the losses from subprime slime is easily absorbable in an economy in which consumers have assets of more than $50 trillion. The financial net worth of consumer households in this country has reached a record-level $31 trillion.
ACCESSION #
28394139

 

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