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Click Here To See More Poweramp - The Best Music Player (Crack) ★ Poweramp Full Version Unlocker Apk v3-build-884 Free Download 2020.WASHINGTON (AP) -- Republicans in Congress have a new home-run idea for boosting the economy: Let states cut taxes for businesses and individuals, just as President Barack Obama has proposed.
At a time when the White House is considering major measures to spur job creation, some Republicans are urging the president to support what they say would be a significant step toward the type of growth that could lead to higher wages and job creation.
Allowing states to cut taxes in ways that could encourage businesses to invest would lower overall federal deficits and create jobs, the group argues. The tradeoff is that the changes would likely boost government revenue.
For now, the idea is gaining attention among Republicans on Capitol Hill and from some conservative economists, such as former Federal Reserve Chairman Alan Greenspan, who have urged the president to take it seriously.
The underlying question is: How much can states and the federal government help the U.S. economy without exacerbating the problems in the middle class that helped lead to Obama's election?
The answers could vary considerably because the plan would affect the overall level of taxes paid and the distribution of those taxes among individuals and businesses, while also altering state tax codes.