Contact us

Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.

Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William

Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com

email

 

Home > News >

Obama said he will do how to avoid the cliff

The White House and key congressional Democrats on Wednesday suggest that fresh preferential tax and cut Medicare and other government welfare programs, as negotiations and republican reeling in advance, in order to avoid in the end of the year "financial cliff", threatened the economic to the abyss.
More and more of the rank and file republicans also said that they were ready to give ground, boosting the speaker of the house John boehner and other party leaders say they will agree to the part of the deal, with higher taxes, if it also limits measures conducive to plan way to control the federal deficit.
"I'll go anywhere, I will do everything in our power to do it," President Obama said, he tries to build the republicans pressure, accept his condition - quickly update all expire tax cuts, but the income of the highest seed. "This is too important, Washington mess up," he declared.
Everyone is talking about, no any obvious progress signs a problem, it signaled a divided into government guarantee barack Obama in the White House's second term, at the same time continue republican control of the house for the first time since the election of test.
"This is President and the democratic serious consumption problem, our country have the time," boehner said, the Capitol building in a news conference. He like Obama expressed optimism, can reach an agreement.
At the same time, he openly against republican Congressman, Oklahoma state representative Tom cole, he says, he is ready to go to Obama's plan, update the most but not all of the income tax cuts expiring. "This will hurt economy" interest rate hikes on anyone said, Bernard.
In addition, in the closed door meetings on ranking and files, speaker republicans say, they are in the refuse to let rate rise solid political foundation. He sends out voting data display, the public favour closing loopholes, increase income far more than it supports raise interest rates, the income of over 250000 dollars.
The day of management and between congress no face-to-face talks, although the White House sent Treasury secretary Tim cover Turner (Tim Geithner) and legislative assistant to rob Nabors a series and congressional leaders meeting Thursday.
Wednesday's trade to promote enterprise's manager, a group of top democratic and republican leaders in the house of representatives met with erskine bowles, who is the chairman of the joint of the deficit committee Obama appointed early in his presidency, join.
Before the session says to the reporter, and business leaders, the house democratic leader Nancy pelosi says California's negotiations should start to break the deficit, Obama and borna negotiation between 18 months ago, "and from there go to reach an agreement."
She didn't say so, but at the time, the two men exchange offer, the requirement of at least $250 million cut health insurance for more than ten years, and another $10 billion medical aid and other federal health plan. In discussing the change of Obama's approval - is gradually increasing medical insurance qualifications age from 65 to 67, and higher costs for beneficiary beneficiary.
In addition, on the table is a plan, in order to reduce the future cost of living increase, social security and other benefits plan.
These negotiations in the hail of finger-pointing teeter upward President after he asked for extra tax revenue and the conservative hesitate. At the same time, the liberal opposition from the medical insurance and social security savings.
Now, more than a year of time and one election, Mr Obama has repeatedly said he is open substitute to he now proposal raise additional tax. But he also said he would refuse to sign legislation, expand the current top rate of income more than $200000 and $250000 individual couple.
On the contrary, he urged congress to extend expiring tax cuts for all income is lower than the level as a temporary measures - provides borna and republicans said, this is unacceptable, because this will mean higher taxes, to small business owners.
Bowers, saying, on this day, barack Obama may be willing to support his demand, the highest recovery rate from 35% to 39.6% all the way, this is only ten years ago by the then President George w. bush's tax cuts to seek effective.
At a White House news spokesman jay cagni avoidance problem. "If I tell you how much flexibility President, this will eliminate his flexibility," he said.
He points out that Obama has table shows, he will listen to substitute, but spokesman said: "the most basic, the most simple, the most effective way to achieve income goal is based on high earners return rate back to those in the Clinton era", the highest personal income tax rate of 39.6%.
The six-party talks goal is to produce a long-term deficit reduction agreement, will allow to increase taxes and spending cuts, is scheduled for the end of the year to cancel, many economists said, the new economic recession threat.
Although there are a lot of obstacles, there are other political needs, push the two sides in an agreement.
Some long-term unemployment in the end of this year maturity unemployment benefit. In addition, the government is expected to need to increase the loan authorization, early next year, or may face the default. Problem reach any agreement, is expected to improve the $16.4 trillion level.
Barack Obama ended the day met with ten several companies, many of them left optimistic that an agreement can be reached, it will help the economy's old total.
"They think it can be done, arne sorensen said:" if there is a willing to in a room, do the other side, marriott company's President and CEO, called Obama approach "loud reasonable."
Sorensen said, he urged the President and his team, "now, you may can do. Don't just talk about down, small down left hanging out 2013 years of uncertainty, because I want to uncertainty will be a threat to the economy".




Other News:
Analysis: Myanmar's Suu Kyi shows pragmatism
Syria Chemical Weapons Moved, U.S. Official Says
Obama said he will do how to avoid the cliff
NY appeals court skeptical about startup's live TV
The future of bell: the United States manufacturing
Former CEO of SNC Lavalin arrested
Akzo Nobel CEO Ton Buechner to return
Obama, borna seek cliff negotiation leverage