Obama announced a total of $ 447 billion bill to promote employment, and the bill submitted to Congress, the main contents include reduction of corporate and employee payroll taxes, extended unemployment benefits program, as well as to increase investment in infrastructure , but the funds needed in order to pay the bill, the Obama administration proposed raising taxes on wealthy families recommendations, was the strong opposition of the Republican Party, analysts believe that the entire contents of the bill have been approved by Congress more difficult.
U.S. Senate vote scheduled next week on the bill, Obama urged the Democratic and Republican members of Congress to support this bill. Obama said that independent economists believe that the bill for the U.S. economic recovery and enterprises to increase employee and Republican lawmakers oppose the bill should come up with an alternative proposition to boost the U.S. economy world pie network information . (Author: Jiang Xufeng Liu Lina)
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U.S. President Barack Obama on the 8th again urged lawmakers to avoid partisan promote employment bill submitted to Congress by the White House as soon as possible to boost the weak U.S. economic growth and to reduce unemployment.
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Obama in weekly address Saturday to the American public that the U.S World Steel Pipe News . economy is already very fragile, and the challenges encountered by the global capital markets, creating new challenges to the U.S. economy, and this bill will help U.S. economy to avoid falling into a new round of recession.
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