Anticipated Nomination of Hon Lloyd Bentsen Hearing Before the Committee On F
Anticipated Nomination of Hon Lloyd Bentsen Hearing Before the Committee On F
United States Congress Senate Committee On Fina
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Well, the decision has not been made insofar as the stimulant and to what degree the stimulant should be. One of the major tools for that purpose that has been discussed by the President-elect, and that is the investment tax credit on a marginal basis to give you the leverage that you can get in that regard and not be rewarding companies that would have made that investment anyway. That is not an easy one to decide, but it does give you more bang for the buck. And obviously, that is one of the ...serious options that is being considered, but the overall degree of stimulant or even that there is a stimulant, that has not been decided. Senator Breaux. Let me ask, Mr. Chairman, then from just a general, broad-based, philosophical standpoint, where do you think the new administration is going to come from? Many liberals would argue that deficit spending and lower inter- est rates are really the keys to an economic recovery while many conservatives would argue that the market place is the best way to spur economic growth and that the government should pretty much stay out of the way and try to bring more capital available for growth.
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