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01/26/2001 10:55 AM ID: 3042 Permalink   

Greenspan Wants US Tax Cuts As Well


Alan Greensan, the chairman of the US central bank has given his backing to George Bush's planned tax cuts believing they will help the economy rebound from its current near stagnation.

He also thinks they should occur "sooner rather than later" because current US growth was near zero.

He did however warn that tax cuts alone can never halt a recession because they are rarely able to be implemented in time by governments.

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