Italy's Monti says not planning income tax cut

ROME (Reuters) - Italian Prime Minister Mario Monti said on Thursday his government is not considering cutting income taxes, denying a newspaper report that he was looking to such a move to revive the stagnant economy.

Greece seeks to extend austerity measures deadline by two years

ATHENS: Greece wants tax cuts, extra help for the poor and unemployed, a freeze on public sector lay-offs and more time to cut its deficit under a plan likely to run into strong opposition at a European Union summit next week.

Analysts Say Economic Recovery Might Suffer if Tax Break Is Allowed to Expire

WASHINGTON — Economists are warning that the looming expiration of a temporary payroll tax cut — and the possibility that Congress will not extend it — would cause families to spend less and could sap strength from a fragile recovery.

Experts predict slow economic recovery

Employment is the factor that drives the economy, and based on the latest labor and housing statistics, it will be some time before there is a long-term rebound, a panel of experts told attendees of a Business Council of Fairfield County breakfast Friday at the Sheraton Stamford Hotel.

Payroll tax cuts key to recovery: White House

WASHINGTON (Reuters) - Allowing payroll tax cuts to expire would hurt the U.S. economy and further dent hiring, and may make the United States more vulnerable to outside shocks, President Barack Obama's top economist said on Tuesday.