TITLE

Warning: stimulus ahead

AUTHOR(S)
Dobbs, Lou
PUB. DATE
May 2003
SOURCE
U.S. News & World Report;5/19/2003, Vol. 134 Issue 17, p42
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Comments on the idea that the purpose of tax cuts in the United States is to create jobs. View that as of May 2003 the U.S. is not in a typical economic slowdown or jobless recovery, and that tax cuts on dividends and capital gains are not the answer to the decline in business investment; Opinion of Morgan Stanley chief economist, Stephen Roach, that short-term payroll tax reductions would have more impact on the economy; Discussion of the opinion that there is enough fiscal stimulus in the economy and tax cuts could negatively impact the budget deficit.
ACCESSION #
9720598

 

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