Reply
Sat 19 Mar, 2011 02:26 am
he counterpart of revamping the tax system is budget reform that keeps spending within fiscal constraints, including a rainy day fund, pay-go, long-term and performance-based budgeting, sunset laws and curbing mandates on spending not appropriated in a given budget cycle.
@kkfengdao,
pay-go???
Pay-as-you-go?
Pay-as-you-go tax, a system for businesses and individuals to pay installments of their expected tax liability.
sunset clause?
A statutory provision providing that a particular agency, benefit, or law will expire on a particular date, unless it is reauthorized by the legislature.
Stumble It!
Tweet This
Bookmark on Delicious
Share on Facebook
Share on MySpace