Doug Henwood wrote:
That's a very good question, though the political symbolism of a corporate
tax cut while retaining the VAT on basic foods is very clear.
I think that the Congressional Budget Office usually assumes that
corporate taxes are split between capital and labor, while VATs
Some details, drawn from today's (6/23) Financial Times. Reconstruction
spending will be 5 billion rand next year, a bit over 1% of GDP, rising to
R12.5b over the next four years. Total RDP spending is budgeted at R37.5b
($10.6b). Social spending overall will take up 45% of the budget, vs. 44%
