Could it be that cutting the top tax rate on the wealthy by a full 60 percent (Reagan result) is likely to have a far more dramatic impact on the economy than cutting the rate by a mere 12 percent (Bush result)?
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Moreover, a rising pound has fed directly into lower import prices and hence kept the inflation rate down cutting the rate by perhaps a percentage point, thinks David Mackie of J.
Apparently when David Cameron had one of his regular meetings with business leaders on Friday, he told the assembled corporate eminences that they had a moral duty to ensure their companies paid the full corporation tax rate, given that the government has been cutting that rate and continues to do so.
On October 2, 2001 the Greenspan Fed cut the funds rate 50 basis points to 2.5% and continued cutting the rate to 1.0% on June 25, 2003 on fears of Deflation.
Firstly, as a developing country, Mexico isn't cutting emissions but cutting the rate at which they'll rise.
Cutting the corporate income tax rate by 100% in 2006 would have unleashed a surge of investment in the U.S. It would have provided vastly more supply-side economic stimulus than did cutting the capital gains tax rate by 29% in 1996.
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The Fed's aggressive rate cutting might stimulate inflation, which was 4% for the year to February.
Corporate rate cutting had the support of liberal provincial governments as well as a conservative national government.
The latest data confirm that there is no urgent need for aggressive rate cutting at this point.
Critics say cutting the top rate at a time of cuts would be "monstrously unfair" and "phenomenally immoral".
Why are we cutting the corporate rate to 17.5% and making it simple?
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However, industrial production dropped in April by 0.5%, cutting the annual rate of growth to just 1.6%, the slowest for almost two years.
After cutting its policy rate on May 3, the central bank warned that it saw little room for further reductions as inflation was high.
For the moment the Bank of England has plenty of scope to help the economy by cutting the base rate, which currently stands at 4.5%.
In March the two main gangs, the Mara Salvatrucha and the Mara 18, declared a truce, cutting the murder rate by two-thirds overnight (see chart).
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In our splash this morning, we report that David Cameron and George Osborne have finally ruled out cutting the 50p rate of tax in this parliament.
However, Ed Balls insists that any money raised by a mansion tax should be spent on reversing cuts to tax credits and not cutting the top rate of tax.
On August 17th, in addition to cutting the discount rate which banks pay it for emergency lending, the Fed's rate-setters acknowledged that financial turmoil now posed a risk to America's economy.
Just over a week after that statement, the Fed abruptly turned course, cutting the discount rate to encourage bank borrowing to ease a growing liquidity crisis in the credit and bond markets.
His plan calls for cutting the tax rate from 35% to 25%, but this would merely bring our corporate income tax rate down to the current average for the other OECD nations.
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In addition to cutting the funds rate, the Fed announced it was reducing its discount rate, the interest it charges to make direct loans to banks, by a quarter-point, as well, to 4.75 percent.
Other parts of the plan include a reduction in tax rates, including cutting the top rate from 39% to 33%, an increase in the child tax allowance, and a restoration of the married couples allowance.
Sterling's rise from around DM2.30 in August 1996 to above DM3 early last year, and its continued strength since then, squeezed import prices, cutting the inflation rate directly, and slowed down the tradable sector of the economy.
After cutting the funds rate by a half-point on Sept. 11 and a quarter-point on Oct. 31, the central bank indicated that those two reductions might be all that were needed to combat the threat of a recession given that financial markets appeared to be stabilizing.
Traders ended their day seeing more flashing red screens as equities saw another session of huge drops, even after the U.S. Federal Reserve, European Central Bank, and central banks in Britain, Canada, Sweden and Switzerland said they were all cutting the benchmark rate of borrowing by 0.5%.
Making the code less complicated and more efficient may not achieve the rate-cutting, base-broadening reform many want.
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The U.S., for its part, should relax its FATCA regulations and might think about cutting its corporate tax rate.
Now there is a movement to get countries with big forests to slow the rate of cutting by paying them.
In Asia, the Bank of Korea met expectations by cutting its benchmark interest rate for the second time this year.
But that shallow rate-cutting scenario will not long survive a new batch of evidence that the economy is set to weaken further.
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