Senate Republicans to offer tax reduction plan

Note: This section contains information in English only.
Source: CNN Money
© Scanpix/Reuters
On Wednesday Senate Republicans came up with their proposal of payroll tax cut, significantly differing from that offered by Senate democrats. The Republicans propose to prolong tax cut by one year and keep rates at 4.2% on salaries below $106,800 instead of 6.2%. In contrast, Senate democrats earlier proposed further tax reduction to 3.1% next year. Both parties also cannot agree how to compensate tax reductions. 
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Thu, 01 Dec 2011 09:47:08 GMT

European PMI decreased to 46.4

European manufacturing activity decreased at the fastest speed in the last 28 months. The PMI tumbled from 47.1 in October to 46.4 in November. Analysts expected the indicator will be unchanged for the period. All euro-zone countries experienced a fall that signals spreading downturn, said Chris Williamson, Markit chief economist.

Thu, 01 Dec 2011 12:38:26 GMT

European shares open lower

Most European stocks markets opened lower on Thursday as markets gave back part of yesterdays excessive gains that were encouraged by central banks' announcement about reducing dollar borrowing costs. Stoxx Europe 600 lost 0.2% to 239.46, pushed by mining and drug stocks. French CAC 40 and German DAX declined both edged down 0.4% to 3,141.94 and 6,062.69 respectively. FTSE 100 was the

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