Best Small Cos.
Tax cuts get thumbs up.
He warned, though, that the cuts should not be so big as to plunge the government back into deficits. The economy slowed, and the federal budget is firmly under control, Greenspan told the Senate Budget Committee. The Fed chairman's remarks could be read as an effort to get in front of the issue, now that some form of tax cut seems a political certainty. Being in favor of the policy, he can now exert influence over its ultimate shape. At that time, Clinton had proposed a major initiative to trim federal budget deficits, then spinning out of control.