Monday, March 7, 2011

Ghadafi Announces Victory and Tax Cuts

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- March 6, 2011
As rebel forces push toward Libya's capitol, the Qaddafi regime declared victory in Tripoli

Ghadafi Announces Victory and Tax Cuts

He's really a Republican

This will really put the idea that "tax cuts solve everything" to the test.
From Al Jazeera's Libya liveblog:

Libyan state TV announces wide-ranging tax cuts. It says:
The general public committee has decided to reduce customs on basic commodities to zero per cent and to reduce customs on all other commodities to only five per cent. It also decided to remove all consumption and production taxes. The new changes were made on the occasion of the victory of our great people over the terrorist gangs.
Good luck on that.

Meanwhile, Sky News reports more aerial bombardment of Ras Lanuf, the scene of heavy fighting on Friday.

The battle for control of the message in Libya is escalating, as the real fighting continues. In Ben Jawad in the east of the country, rebel forces are in control. However, reports on Libyan state television are claiming that government forces have managed to retake the city, and are pushing much further east onto the opposition stronghold of Bengazi.

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