Reducing Tax Rates for Production and Growth: December, 1962 (Classic Reprint)

Committee for Economic Development

ISBN 10: 1334833591 / ISBN 13: 9781334833595

Editore: Forgotten Books, 2018

Riguardo questo articolo

Print on Demand. This book concerns the economic state of the United States in the early 1960s and proposes substantial tax cuts to stimulate the economy. The author argues that the economy is not growing fast enough and that investment is too low. The author places the blame on the high corporate profits tax, which discourages investment and impairs growth. The book explores various economic theories and data, with the author concluding that a reduction in both individual and corporate tax rates is necessary to raise production and employment. The author emphasizes that the tax cuts must be accompanied by a reduction in government expenditures. The author argues that tax reduction is a better use of the increasing tax revenue produced by a growing economy than increased spending. The book concludes by emphasizing the importance of reducing the corporate profits tax to stimulate investment and raise the overall economic growth rate. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.

Codice articolo 9781334833595_0

Dati bibliografici

• Titolo: Reducing Tax Rates for Production and Growth: December, 1962 (Classic Reprint)
• Editore: Forgotten Books
• Data di pubblicazione: 2018
• Lingua: Inglese
• ISBN 10: 1334833591
• ISBN 13: 9781334833595
• Rilegatura: Paperback
• Condizione: New
• Tipo di libro: print-on-demand item
• Cataloghi dei venditori:
  • General Administrative Records

Descrizione articolo

Riassunto

Excerpt from Reducing Tax Rates for Production and Growth: December, 1962; A Statement on National Policy

A prompt, substantial, permanent reduction of Federal tax rates on individual and corporate incomes would increase production, employment, investment and growth in the American economy. We hope that action in the early part of 1963 will not be delayed by disagreements about the pre cise size and distribution of the tax reductions. It would be particularly unwise to defer action pending the resolu tion of a list Of perennial and highly controversial prob lens of the tax structure. While some Of these problems are important, none is so urgent as to justify delay of rate reductions that are clearly needed now.* The recommendation for a substantial reduction of Federal tax rates would, of course, have to be modified if this country should encounter an international emergency requiring a large increase in defense expenditures. While this possibility must be kept in mind, it should not mean while deter us from the fiscal steps appropriate to the present situation.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.