A Capital Gains Cut Might Keep The Economy Cooking

Over the past several years, Corporate America's heavy spending on computers, machine tools, and other labor-savers has provided much of the fuel for economic expansion. But with growth in capital spending expected to fall off next year, concerns are growing about whether consumers will be able to pick up enough spending slack to keep the U.S. economy--and corporate profits--humming.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.