www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

left corner left corner
China Daily Website

Obama unveils budget plan for 2014

Updated: 2013-04-11 01:18
( Xinhua)

WASHINGTON - US President Barack Obama on Wednesday unveiled his budget plan, proposing $3.78 trillion in spending for the 2014 fiscal year and $1.8 trillion in deficit reduction over the next decade.

"Nothing shrinks the deficits faster than a growing economy," Obama said at the White House as he introduced his plan.

In the new budget outlined on Wednesday for the fiscal year starting Oct 1, Obama stuck to his balanced approach to reducing the red ink, and put forward a fiscal mix of new investments in infrastructure and education along with deficit reduction through tax increases and spending cuts.

According to the budget plan coming two months late to the Capitol Hill, the federal deficit would be 744 billion dollars for fiscal year 2014, which equals to 4.4 percent of the gross domestic product (GDP). By 2023, the deficit would be further reduced to 1.7 percent of the GDP.

In the blueprint, Obama proposed a total of $1.8 trillion in deficit reduction over 10 years, mainly through new tax revenues and spending cuts.

A 28-percent cap would be applied to itemized deductions for top earners, and the so-called Buffett Rule, or the idea of requiring millionaires to pay no less than 30 percent of their income, was once again incorporated.

Obama also sought to replace the across-the-board "sequestration cuts" that kicked in on March 1.

As an attempted compromise to draw Republicans to the table, Obama for the first time offered to change the way the cost of living is calculated for social security benefits. By switching to the less generous "chained CPI," the federal government will reduce its payment to future social security beneficiaries and in this way cut deficits by about 230 billion dollars over the next 10 years, according to the budget.

The president's budget came after the Democrat-controlled Senate and the Republican-led House of Representatives have each passed separate and starkly different budget resolutions. Neither of the plans may get approval in the deeply polarized Congress. And the version Obama outlined just added a third bid for a possible grand bargain.

"Growing our economy, creating jobs, shrinking our deficits, keeping our promise to the generation that made us great, but also investing in the next generation, the next generation that will make us greater. These are not conflicting goals. We can do them in concert. That's what my budget does," said Obama.

8.03K
 
...
...
主站蜘蛛池模板: 三级黄色网址 | 在线观看亚洲欧美 | 亚洲欧美精品中文字幕 | 永久精品免费影院在线观看网站 | 欧美3p精品三区 | 成人三级在线观看 | 亚洲va老文色欧美黄大片人人 | 国产精品欧美亚洲日本综合 | 精品久久久久久久 | 1a级毛片免费观看 | 日本不卡免费高清视频 | 国产三级精品三级国产 | 91香蕉视 | 99国产在线观看 | 香蕉国产人午夜视频在线 | 免费看欧美毛片大片免费看 | 亚洲精品不卡在线 | japanese日本tube色系 | 日韩黄色片在线观看 | a级毛片无码免费真人 | 日韩在线精品 | 国产在视频线精品视频二代 | 午夜成人影视 | 玖玖精品视频在线观看 | 日本高清视频一区二区 | 欧美精品高清在线观看 | 黄色美女免费网站 | 精品国产日韩久久亚洲 | 国产一二区 | 国产欧美精品区一区二区三区 | 国产三片高清在线观看 | 九九视频在线观看视频6 | 日本久久不射 | 亚洲视频中文字幕 | 亚洲精品一区二区不卡 | 国产高清成人mv在线观看 | s8国产成人精品视频 | 国产大乳孕妇喷奶水在线观看 | 51国产偷自视频区视频手机播器 | 天堂亚洲网| 国产三级做爰在线观看视频 |