Economic Trends

Ratajczak, Donald
September 2002
Journal of Financial Service Professionals;Sep2002, Vol. 56 Issue 5, p22
Academic Journal
This article discusses the tax policy of the U.S. government implemented during the last quarter of 2002. By using a sunset provision, the U.S. Congress was able to persuade the Congressional Budget Office to declare the resources were available to finance the tax cuts without creating a new set of government debt. The provision, assures continuous work for tax writers and the lobbyists whose jobs are to garner benefits and divert dissatisfaction from clients. The economy of the country is projected to grow more than three percent by the end of 2002. Spending deficiency could prevent low unemployment rates. Capital gains on financial holdings are considered as a resource of the tax yields.


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