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 >

Last-minute fiscal cliff talks in Senate

The United States senate leaders on Saturday for compromise in the last minute, in order to avoid the middle class to increase taxes, and may prevent the deep cut costs, in the New Year approaching, President Obama warned that failure may mean "since waste wound economic."
Obama severely criticized congress in his weekly radio and Internet address of waiting, until the last minute, avoid the "fiscal cliff", but still have time to reach an agreement. "We can't let Washington's political progress in the United States," he said, expansion urgent talks.
For all the recent express sense of urgency, the negotiations took place in congress is almost empty, in addition to tourists by phone, email and paper. Alone top of congress, the senate republican leader mitch MaiKangNaiEr spent a day in his office.
Missouri senator Roy brent in republican weekly radio address, lists the willing to compromise. "Divided government is a good time to solve the problem in the next few days, leaders in Washington have an important responsibility, hand in hand to cooperate, do this," he said.
Even so, also does not guarantee success, appear dispute house federal tax and individual income tax rate and a sticking point.
In blunt challenge republicans, Obama said, unless the two parties cooperation agreement, he hoped senate vote on his proposal, to prevent tax increases, but the rich, and at the same time maintain due unemployment benefit.
Political calculate important deep divergence problem, and is divided into government efforts to from November election first big challenge.
Speaker John boehner keep on arms length, juggling a desire to avoid fiscal cliff, win another term speaker, when a new congress called next week four, his goal. Any compromise legislation is to be sure to include the rich rate is higher, and the house of representatives of the republican party rank and file, he rejected the idea as a final effort, make more complete agreement and Obama's part.
Senators, until the new congress meeting, through any compromise, even calendar important. Democrats say they have been told the house republican may reject the deal, until this year, after January 1, plus tax before they technically go to avoid a vote, and then vote after tax, they have risen.
Not any tax payers may feel any negative effects, if legislation signed into law, and through the first two or three days of 2013 instead of 2012 years of the last few hours.
Before the big deal to cut spending and raise taxes, where the two sides agreed to cut the deficit, trillions of dollars, more than ten years of hot topic.
Now the negotiations to prevent additional damage all economic higher tax form more narrow goal - some family difficult measurement thousands of dollars growth - and cut aims at the pentagon and hundreds of domestic project.
Republicans say they are willing to lower the head of the part of the deal, Obama called for the rich raising taxes, to prevent them from for those who don't rich rise.
Democrats say, Mr Obama insists his campaign and tax revenue more than us $250000, even though he said, in a recent negotiations, he said, he can accept $400000. There is no evidence to show that even in a higher level of agreement.
From republicans there are signs that housing property tax may have the possibility of higher income ratio is more important.
A senior republicans, Arizona senator Jon kyle on Friday, said he "fully be dead set on" against Obama's housing property tax advice, if strengthen point, blunt mentioned before any other questions, in his radio address. "Small businesses and farmers' families do not know how to deal with the injustice of the death tax_a tax, the President and congressional leaders have threatened to expand to include more family farm, and even more small businesses," he said.
Some officials say, the republicans want to leave, in 35% of tax exemption from the first $5 million of real estate value. Officials say the White House hopes to save $3.5 million, 45% of the tax. By the congress of the United States not to take any action, which will rise to 55% of the tax later, on January 1, 1 million dollar immunity.
The Democrats stressed that they don't want to income tax and property tax concessions on, and said they hope the republicans will choose which one is more important to them.
Officials say, any compromise is possible to ease the alternative minimum tax, the original design, to ensure that the millionaire did not escape the influence of tax. If remain unchanged, the first time in 2013 to estimate of 280000 households, the average growth of more than $3000.
Also involved in the talks, and a series of relief enterprise and other in the first year of maturity dividends and capital gains tax.
Barack Obama and congressional Democrats insisted that the long-term unemployment benefits is outspread, expiring about 20000 unemployed people.
In the two leaders are also expected to prevent the 27% of the costs, cut to the medical insurance of the patient's doctor, from January 1st.
The meeting also discussed the agricultural project short-term extension due, in part, is to prevent milk prices this year in the first seconds kill. It is not clear if this is a parallel effort, to the edge of the cliff talks or has become they wrapped into.
Across the board cut spending part of the cliff is a different question.
Republicans say, borna will insist on, they will start to take effect, unless the negotiators agreed to, to offset their and other designated savings.
This will set stage, for the next round of brinkmanship - medical insurance, medical aid and other federal welfare plan, republican calls for saving struggle.
Treasury debt ability, is expected to late winter or early spring matured, and did not increase of $16.4 trillion, the government will face for the first time the default. Republicans have said they will use the extension for leverage, win to cut costs management requirements.



Other News:
Last-minute fiscal cliff talks in Senate
Deep snow at Utah resorts is change from last year
Syria government forces retake Homs district
Afghanistan Kunduz victim families file Germany claim
Delhi gang-rape victim's funeral held
Italian Nobel laureate Rita Levi-Montalcini dies
Mario Monti to lead Italy centrist coalition
Blast in southwest Pakistan kills Shia pilgrims