Question

3 ways of how to cure recession

Answer 1

Extend the 2001 and 2003 tax reductions for as long as possible--certainly through at least 2013 to prevent a tax increase. Better yet, make the tax reductions permanent;

and Reduce tax rates on individuals, small businesses, and corporations through 2013 by lowering the top rate by 10 percentage points and reducing rates by similar amounts for lower income level taxpayers.

Soften the recession in 2009 and speed the economic recovery through 2010 and beyond;Increase employment by a half million jobs in 2009 and by 1.3 million jobs in 2010 and create 4.8 million jobs from 2009 through 2012; and Reduce federal tax receipts during the critical fiscal years of 2009 and 2011 by $636 billion.