Tuesday, December 14, 2010
Has endangered the U.S. economy have been slow to get out of fiscal stimulus.
<P> The U.S. Senate Finance Committee on Wednesday approved a 157 billion U.S. dollars in economic stimulus plan, compared with the House of Representatives approved the plan, beneficiaries of the program expanded tax incentives, to a lesser extent. .U.S. Treasury Secretary Henry Paulson said on Thursday that the program is too complicated, he prefers the House of Representatives passed a more simplified scheme. .</ P> <P> Recently, the U.S. economy was further signs of cooling down the housing market downturn and severe credit crunch continues, consumer spending and business investment led to a substantial reduction in near-stagnant economic growth in the fourth quarter last year. .At this point, the U.S. government was still arguing for the implementation of what the program already, I am afraid to wait until the program came out, the U.S. economy has long been a severe recession. .</ P> <P>: http://finance. Paulson urged the Senate to pass the stimulus package, but warned it to avoid extra expenditure increases and tax relief. .He pointed out that the House of Representatives to avoid this, the program is simple, broad, and get bipartisan support. .He said: "The complexity is our enemy, I fear that the Senate Finance Committee approved the program has become too complex. To all the members of the Senate vote, I'm afraid so dazzling as Christmas trees." </ P> <P> the Senate Finance Committee .program, almost all taxpayers a tax rebate, individuals to provide $ 500 tax rebate, tax rebates $ 1,000 per couple, and the other $ 300 rebate for each child. .Scope of tax rebates to social security also includes 20 million low-income retirees, the elderly are not included in these programs passed by the House. .</ P> <P> Senate Finance Committee plan, which also includes the extension of unemployment benefits, and renewable energy industry to provide nearly 60 billion dollars in tax relief. .These programs are not included in the House of Representatives. .</ P> <P> motion of the House of Representatives proposed the maximum $ 600 tax rebate to individuals, married couples $ 1,200 per tax rebates, $ 300 per child tax rebate. .For taxable income of more than 75,000 U.S. dollars for individuals, and income over 150,000 U.S. dollars of the couple, along with income tax rebates diminishes. .Senate threshold raised to $ 150,000, respectively, and 30 million U.S. dollars. .</ P> <P> many economists point out that high-income earners are more likely to get the tax rebate is kept up, so fail to stimulate the economy. .Low-income and unemployed are more likely to receive the rebate immediately after consumption, to buy necessities such as food and gasoline, which will stimulate faster effect on the economy. .</ P> <P> President Bush wants the Senate on Tuesday passed the House of Representatives has 1460 billion economic stimulus plan. .Senate Minority Leader Michael Nile has been promoting his Republican colleagues to oppose the Senate Finance Committee's program to support the House version. .</ P> <P> Xibaokasi the Finance Committee, said: "I've had with my colleagues plan to stimulate efforts to improve the House of Representatives, and Congress should quickly advance ... ... to seize this opportunity to make the 20 million older Americans from our economy .stimulus benefit, and promote China's economic growth. "</ P>.
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