9.20.2011

Obama presents an ambitious plan to reduce the deficit of $ 4 trillion in 10 years

President Barack Obama yesterday, an ambitious plan that would reduce the cumulative fiscal deficit of the United States about four trillion dollars. The plan included for the first time deductions huge Tamoalalbramj specific health for retirees, but included in the corresponding increase Dharaúbothreya and withholding tax exemptions or fill gaps, as well as savings realized from ending the Iraq war and the reduction of troops in Afghanistan. Obama said in a speech at the White House lawn, that the reduction proposals the fiscal deficit is expected to contribute in restoring stability to financial markets, through the calm fears about sovereign debt crisis obscene, threatening the U.S. economy in the long term and medium term, will provide sufficient funding for the recruitment plan, which announced last week, and hopes to provide 1.9 million jobs and reduce unemployment rate one percent of the level of the current standard of 9.1 percent. In addition to about $ 900 billion of reductions fiscal deficit resulting from the agreement raise the debt ceiling federal beginning of last month, Obama revealed his plan to reduce the deficit by three trillion Dolarfa ten years, including 540 billion to fund health care programs, pharmaceutical, therapeutic, providing nearly a trillion dollars from the wars in Iraq and Afghanistan. Although not clear whether Obama secured the backing of his party the Democratic-oriented social deductions huge proposed in the health care programs, not to mention those who are described as liberals who share some of their attitudes, seems certain that the White House plan to come to face the challenges of the most difficult part of the Republicans in control of the House of Representatives. But Obama, who suffers from a significant drop in his popularity as elections approach Alriasahrbt Banebend reduce spending on health programs, and the consent of Congress to implement tax reforms, it is hoped that ensure that the federal government to balance the value of the cumulative income up to $ 1.5 trillion contribution in reducing the fiscal deficit, which is feared that up to $ 7 trillion since the financial crisis, half between 2012 and 2021 according to the latest estimates of the Congress. The reforms include the proposed reduction of collection of tax in return for ending the cuts approved by President George W. Bush in 2001 and 2003, to provide $ 800 billion from the balance of the fiscal deficit, in addition to filling the gaps tax and the abolition of exemptions in line at the end of the day with the «base of the fun of the fact that America's wealthy pay lower taxes than middle-class according to the principle of proportionality. and Obama stressed, that the reforms proposed by the tax would not begin before 2013. He noted that the proposals are in this goal by providing funding for the recruitment plan announced by the last week
The plan announced by Obama in a joint session of the Senate and House of Representatives in Congress, a package of tax cuts and government spending, to spur companies to employment or to avoid layoffs, as well as the launch of a large number of infrastructure projects. Plans to the plan proposed spending $ 140 billion to fund infrastructure projects, but summarized in the same time, small businesses, which represent about 98 percent of the number of U.S. companies and is the most important sources of employment. It made ​​$ 70 billion in the form of cuts in payroll taxes to encourage employers to expand the use of labor and at least maintain the workforce they have.

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