He has steered through a tax reform (conceived by the previous government) that has flattened rates and simplified some of the most frustrating rules (such as the requirement that all records be kept on paper).
They can be reduced only as part of a larger tax-reform effort that will simplify the code, flatten rates and clean out the morass of credits, deductions, phaseouts, differential taxation arrangements, double-taxation provisions, alternative-minimum-tax fiascoes and growth-inhibiting distortions.
Now Mr Bush has a chance to do something to prove that his claim to Reagan's legacy is more than just empty rhetoric.One of Mr Reagan's most important domestic achievements was the 1986 Tax Reform Act, which flattened rates, simplified the rules and removed countless loopholes for firms and individuals.
In 1988 Canada reformed its tax system, flattening the rate structure and cutting top rates.
No matter where you live, the flattening of rates has nothing to do with whether lawmakers weakened your civil justice system or kept injured people from suing malpracticing doctors or anyone else, but rather to modulations in the insurance cycle everywhere.
Similar to the IR pattern previously described for medullary breast cancer, a predominantly ER-negative tumor [ 26], we found an early-onset incidence pattern for breast-ACC - a rapid rise in incidence at young ages with falling or flattening incidence rates after midlife.
But since then, Federal Reserve policies have flattened interest rates, punishing savers with yields that don't even keep up with inflation.
The government that ousted him in 1998 flattened tax rates, liberalised the labour market, and won billions of dollars of foreign investment.Elections in June produced an ambiguous result.
For the same reason as you want to flatten interest rates to zero: to force people to spend or invest their money in the risky activities that revive growth, rather than hoarding it in the safest place.
Corso recommends a "barbell" portfolio to capitalize on the steepness of the yield curve, with plenty of short-term paper to reinvest if the curve flattens or rates rise across the board.
