TITLE

Economic Outlook and Economic Policy in the United States

AUTHOR(S)
Hubbard, R. Glenn
PUB. DATE
April 2003
SOURCE
Business Economics;Apr2003, Vol. 38 Issue 2, p12
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The current recovery remains vulnerable, with unusually weak investment and job creation for the recovery phase of a cycle. The Administration's tax proposal mitigates risk of weak short-term growth while enhancing long-term growth. Of particular note for the long run is the reduction of the cost of capital to business by reducing double taxation of corporate earnings -- a tax whose burden falls heavily on workers. Effects of the tax plan on federal deficits will not be substantial enough to place a long-term burden on the economy.
ACCESSION #
9917925

 

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