Bond Says Rate Cut Fine … But Just A Start

Senator Christopher Bond is applauding the decision by the Federal Reserve to cut the interest rate by a half-point, but he believes it’s only a first step on the road to economic recovery. Bond says the rate cut must be followed with tax cuts. He says small businesses and entrepreneurs are saddled with some of the highest levels of taxation this country has seen, and he believes lower interest rates must be combined with tax relief to move the economy in the right direction.