TITLE

Taxes and GNP

AUTHOR(S)
Bethell, Tom
PUB. DATE
September 1982
SOURCE
National Review;9/17/1982, Vol. 34 Issue 18, p1134
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article presents information on the taxation policies implemented by the U.S. administration headed by President Ronald Reagan. It is opined that taxes reduce the volume of economic activity. They make things cost more without encouraging new production. It is informed that the tax increase proposed by President Reagan will give the government more money to spend. In the official ledgers of gross national product (GNP), national product is measured by adding up what everyone spends. Government spending is an important component of GNP.
ACCESSION #
6092632

 

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