Thu, Feb 26, 2009 - Page 3 News List

Premier calls for efforts to bolster GDP

ALL-OUT Despite skepticism from analysts over the ability to maintain GDP at or above minus 2.97 percent, the premier said that it was necessary to give it a try

By Flora Wang  /  STAFF REPORTER

KMT Legislator Wu Ching-chih (吳清池) said that any government measures to increase tax revenues amid the recession would be inappropriate. He urged the premier to curtail discussion of the plan.

Democratic Progressive Party (DPP) Legislator Lee Chun-yee (李俊毅) said the DPP caucus also opposed a luxury tax at the present time.

The government should stimulate consumption, he said, and not levy a luxury tax that might restrain it.

Additional reporting by Rich Chang

Also See: GDP to contract 3.2%: Citibank

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