Making the code less complicated and more efficient may not achieve the rate-cutting, base-broadening reform many want.
FORBES: Congress May Not Rewrite the Tax Code in 2013, But They Can Make It Simpler
But that shallow rate-cutting scenario will not long survive a new batch of evidence that the economy is set to weaken further.
The state and federal tax code are so laced with tax credits and exemptions that any base-broadening, rate-cutting reform is bound to raise taxes on someone.
It has led to rate-cutting and dwindling underwriting margins.
Ivey said the overall rate request reflects cost-cutting at Con Ed.
That's the rate George Osborne intends to reach by 2014-15, by cutting from the current 26% rate.
The result has been an ever-increasing corporate savings rate and a greater focus on increasing margins through cost-cutting in the absence of meaningful prospects of growth in final demand.
Twelve had falls of over 4.4% a year, which is the rate of decline that is needed to meet the millennium development goal (MDG) of cutting by two-thirds the child-mortality rate between 1990 and 2015 (see chart).
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).
ECONOMIST: Central America��s gangs: A meeting of the maras | The
Jay Nixon, the Democratic nominee and Missouri's well-known attorney-general, has hammered Republicans for cutting Medicaid enrolment and letting the state's unemployment rate rise to a 17-year high.
ECONOMIST: Gubernatorial candidates are waging their own battles
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.
The 400PT is a heavy monster that won't slide around the floor and it has cutting-edge electronics that measure heart rate, calorie burn and power output by the watt.
Paradoxically, although euro membership has made it more urgent for Italy to deal with its structural faults, it may also have made it easier to avoid doing so, by cutting interest rates and eliminating exchange-rate crises.
The Hong Kong Monetary Authority also did its part to back markets, cutting its key interest rate by half a percent -- the second such move.
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.
FORBES: Watching With Horror As The U.S. Plumbs The Depths Of Austerity
" Offit, with decades of experience in fixed-income markets, believes "the Fed cutting the Fed funds rate may have inconsequential value other than signaling investors that it is concerned about maintaining economic stability in the face of an eroding housing market.
Over the past decade, Brazil has cracked down on clear-cutting, especially in the biodiverse Amazon rain forest, reducing the rate of deforestation by 80%.
In Britain we are cutting corporation tax to just 20%, the lowest rate in the G-7.
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.
Whether the long-term deficit is closed ultimately by raising taxes or cutting benefits, that will mean the effective rate of return from the program will be lower, ultimately falling into the negative range for everyone.
Apart from scooping up Daihatsu to get small-car engineering and engines years ago, Toyota has concentrated solely on improving its own offering, with a relentless focus on efficiency, cost-cutting and a flood of new variations of successful models brought to market at an increasingly rapid rate.
This is why Mr Hollande will start by cutting the retirement age for some workers to 60, putting the top marginal income-tax rate up to 75%, raising taxes on wealth, inheritance and dividends, increasing the minimum wage and making it much harder for employers to fire workers.
应用推荐