In recent weeks there has been a growing divergence in tax policy on either side of the Atlantic, which has revealed two very different approaches in dealing with the management of the current economic situation.
In the United States, public support has only begun to withdraw, except in regard to repairing the existing problems in financial markets, since they have recovered an almost normal pulse. In terms of public spending and thus given the status of income, and debt-no overtones of the current administration intends to take in the short term, aggressive fiscal consolidation measures, allowing the private sector still limping -and especially the consumer-walk alone.
At the opposite pole, most European economies, but especially the member countries
