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Bush calls for tax cuts to stimulate economy

President Bush has called for tax breaks for business and individuals to
stimulate the stuttering US economy.

The tax cuts must be worth at least one percent of GDP to have an effect,
which would equate to between $140bn (£71bn) and $150bn (£76.9bn), Web-CPA
reports.

‘By passing an effective growth package quickly, we can provide a shot in the
arm to keep a fundamentally strong economy healthy,’ Bush said.

Further reading:

US senate to consider tax cuts to enliven
economy

Obama’s record speaks against tax
abuse

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