We will increase fiscal and tax policy support and set up a sound system of low-rent housing.

加大财税等政策支持，建立健全廉租房制度。

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Fiscal decentralization is a crucial factor of the system of finance and tax.

财政分权是财税体制的关键。

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The asymmetrical power and responsibility in local fiscal system has become a severe problem since the introduction of tax distribution system.

地方财政体制权责不对称已经成为分税制后我国地方财政管理体制运行十年来的一个较为突出的问题。

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While Senate GOP leader Mitch McConnell gleefully brags that his goal for the next two years is to defeat the president, Obama can say his is to reform a broken tax system and put America back on a sound fiscal and economic foundation, setting the stage for a new era of growth.

FORBES: Obama Should Send His Fiscal Commission's Budget Plan to Congress

The plan is to simplify the complex fiscal system and replace the current rates of between 14% and 45% with just three tax brackets of 15%, 25% and 35%.

WSJ: Daniel Schwammenthal: Germany��s Free-Market FDP Is on the Rise

The story had a happy ending at the dawn of 2013, when Congress made permanent the system that was in effect before anyone heard of the fiscal cliff, and raising the top tax rate to 40%.

FORBES: Don't Gamble With Gift Tax Returns