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Obama Administration Applauds Tax Cuts — In People’s Republic of China

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Obama Administration Applauds Tax Cuts — In People’s Republic of China
By Terence P. Jeffrey
CNS News
April 5, 2012

(CNSNews.com) - While making positive comments about the most recent five-year-plan developed by the Communist government of the People’s Republic of China, Undersecretary of State Robert Hormats specifically applauded China’s decision to lower taxes because it would spur economic growth. ...

“China lowered taxes very recently, which will help increase demand, but it’s also good to boost consumption in China,” said Hormats. ...

Meanwhile, in a speech in Vermont on Friday, President Barack Obama argued that it was "basic math" that taxes needed to be increased on wealthy Americans so the government could provide more to the poor. ...

Remainder of article @ http://cnsnews.com/news/article/obama-administration-applauds-tax-cuts-people-s-republic-china




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