Greenspan: Congress should be allowed to expire before the Bush administration's tax cut plan
YORK July 16 morning news, according to foreign media reported yesterday, former Federal Reserve Chairman Alan Greenspan (Alan Greenspan) said yesterday before the U.S. Congress should allow the Bush administration introduced in 2001 tax cuts expire at the end of this year. Greenspan served as Fed chairman, he of former President George Bush (George W. Bush) made plans in favor of tax cuts to help persuade Congress to approve this plan.
Greenspan said in an interview today: "Congress should comply with the law, allowing the tax cuts expire." He pointed out the need to increase tax revenue by way of reducing the budget deficit.
Greenspan said that "experienced a period of ten years a massive increase in federal spending and massive tax cuts," the period after the deficit reduction task "than anyone had imagined much more difficult. " (Civil and military)
