NPR's John Ydstie reports Federal Reserve Chairman Alan Greenspan changed course today and said that he now supports tax cuts. Greenspan told the Senate Budget Committee that new data suggest the nation can afford to undertake both debt reduction and tax cuts. Greenspan also said tax cuts would bolster the economy, especially if the recent downturn deepens into a recession.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

NPR thanks our sponsors

Become an NPR sponsor

Support comes from