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How Tax Relief Can Stimulate Economic Growth
Publication Date: February 2009
Publisher(s): National Center for Policy Analysis (U.S.)
Author(s): Allison Hughey
Funder(s): National Center for Policy Analysis (U.S.)
Funder(s): National Center for Policy Analysis (U.S.)
Topic: Banking and finance (Taxation and tax policy)
Economics (Economic policy, planning, and development)
Government (Legislative power and procedure)
Keywords: estate tax; capital gains; stimulus; Tax cuts
Type: Brief
Coverage: United States
Abstract:
Congress is debating an economic stimulus package that would substantially increase federal spending, but may not speed recovery from the current recession. The Congressional Budget Office estimates that less than 40 percent of the proposed infrastructure spending in the stimulus bill will be spent within two years.