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RX FOR TAXES TO JUMP-START AILING ECONOMY

 RX FOR TAXES TO JUMP-START AILING ECONOMY
 MONTVALE, N.J., Jan. 27 /PRNewswire/ -- As President Bush


prepares his State of the Union Address and his budget message, U.S. corporate controllers say the key to jump-starting the economy is to reinstate the investment tax credit, according to a survey released by the Controllers Council of the Institute of Management Accountants (IMA).
 With 94,000 members, IMA conducted a survey ofrms.
 When asked what would revitalize the U.S. economy, the corporate controllers ranked reinstatement of the investment tax credit first, reducing the capital gains tax second, and reducing personal tax rates third.
 To a lesser degree, the controllers also cited four other strategies to invigorate the nation's lagging economy: reducing the federal budget, creation of a research and development tax incentive, further reduction of interest rates, and increased federal spending on the nation's infrastructure.
 The survey was based on a 33 percent response rate of 3,500 members of the IMA's Controllers Council and was conducted during the second week of January.
 Founded in 1919, IMA (formerly the National Association of Accountants) is the world's largest organization of management accountants and financial managers. IMA is based in Montvale, N.J.
 -0- 1/27/92
 /CONTACT: Daniel M. Hrisak of the Institute of Management Accountants, 404-992-2187 or 201-573-6154/ CO: Institute of Management Accountants ST: New Jersey IN: SU:


BN-BR -- AT003 -- 3582 01/27/92 09:32 EST
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Publication:PR Newswire
Date:Jan 27, 1992
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