Time For A Reagan Tax Cut In Japan?Gene Koretz
Whatever its vaunted benefits, slashing taxes is no longer regarded as a panacea for the U.S. economy. Indeed, many observers believe the hefty tax cuts of the early Reagan era set off a chain reaction of effects that are largely responsible for America's current malaise. These include rising federal deficits, high real interest rates, an overvalued dollar, ballooning trade deficits, and soaring consumption.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.