Detail Cliff-Diving: Fiscal Policy   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 403 no. 8783 (May 2012), page 36-38. Topik: Economic Policy; Recessions; Politics Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.71 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Americans have watched austerity sweep Europe with a certain Schadenfreude. But eight months from now they may get a dose of the same medicine. The political compromises that have produced much of America's deficit of 8% of GDP are programmed to go into reverse at the end of the year, two months after the election. A stimulus package consisting of a payroll-tax cut, investment tax credit and enhanced unemployment insurance expires then, as do George W. Bush's tax cuts (which have already been extended by two years from their original end-date of 2010). At the same time an automatic, across-the-board cut in domestic and defense spending, called a "sequester", takes effect, cutting about $100 billion from government spending next year. The economic impact of this fiscal cliff is a matter of some debate. Even the lower estimates could easily be enough to tip the economy back into recession. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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