Now there is a movement to get countries with big forests to slow the rate of cutting by paying them.
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).
Mr Campbell, a former mayor of Vancouver, wants to stimulate the economy by cutting the province's basic rate of income tax to the lowest in Canada, easing regulation of business, and relaxing employment law.
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Corporate rate cutting had the support of liberal provincial governments as well as a conservative national government.
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.
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.
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%.
The shadow chancellor has said that the chancellor's is "gambling" on cutting the 50p top rate of tax and called the Budget a "big failure".
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.
Thus, the very act of cutting rates shrinks the pile of money Congress has available to pay for those rate reductions.
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Critics say cutting the top rate at a time of cuts would be "monstrously unfair" and "phenomenally immoral".
It had already committed itself to cutting 4 pence off the basic rate of income tax to be paid for by taxing the rich and clamping down on avoidance scams.
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.
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.
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.
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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%.
And a group of conservative House Republicans have proposed cutting the corporate income tax rate from 35 percent to 25 percent.
In the area of monetary policy, the Federal Open Market Committee (FOMC) has moved aggressively, cutting its target for the federal funds rate by a total of 225 basis points since September, including 125 basis points during January alone.
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.
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%.
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.
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.
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.
Even including this, the growth rate of 2.4% was well below the economy's potential, so companies are still cutting jobs.
" 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.
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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In the 2009 speech, Mr. Bloomberg said he had cut overall crime by 35% and set a goal of cutting it another 15%, so that by the time he left office, the rate would have been reduced by half over 12 years.
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