NU Online News Service, Dec. 7, 3:27 p.m.EST
A representative of international insurers sees conclusions of the deficit panel last week as a positive forthe international insurance industry, noting that it calls forlower corporate tax rates in the U.S. as well as a revised taxscheme consistent with those in most other countries.
The panel, the National Commission on Fiscal Responsibility andReform, unveiled Friday a blueprint designed to tackle the nation'sexploding budget deficit problems. While 11 of the 18 panel membersvoted to support the final blueprint that the commission developed,the vote was four short of the necessary supermajority necessary toput the report automatically before the Congress.
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