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 for the international insurance industry, noting that it calls for lower corporate tax rates in the U.S. as well as a revised tax scheme consistent with those in most other countries.
The panel, the National Commission on Fiscal Responsibility and Reform, unveiled Friday a blueprint designed to tackle the nation's exploding budget deficit problems. While 11 of the 18 panel members voted to support the final blueprint that the commission developed, the vote was four short of the necessary supermajority necessary to put the report automatically before the Congress.
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