无码少妇一区二区三区免费,妓院一钑片免看黄大片,国语自产视频在线,亚洲AV成人无码国产一区二区,激情久久综合精品久久人妻,日韩免费毛片,综合成人亚洲网友偷自拍,国内自拍视频在线观看,欧美熟妇性xxxx交潮喷,国产成人精品一区二免费网站

Spotlight: White House defends Trump's economic agenda by predicting GDP growth

Source: Xinhua| 2019-03-20 16:46:36|Editor: xuxin
Video PlayerClose

WASHINGTON, March 19 (Xinhua) -- The White House predicted Tuesday that the U.S. economy will grow at an annual rate of 3 percent for 11 years, under the assumption that Congress fully approves President Donald Trump's economic agenda.

The Council of Economic Advisers (CEA), a presidential advisory body, said in its newly-released Economic Report of the President that its forecast is for real gross domestic product (GDP) "to grow at an average annual rate of 3.0 percent during the 11 years between 2018 and 2029."

However, in order for the forecast to become reality, the Republican White House will need approval from a divided Congress for more tax cuts, a large-scale infrastructure overhaul, continued deregulation for businesses, as well as a more stringent work requirements for working-age individuals who benefited from government aid programs, among other policies.

Tylor Goodspeed, who serves on the CEA, told reporters during a teleconference Tuesday morning that U.S. GDP growth in both 2017 and 2018 would have been lower than it actually was had it not been for the Tax Cuts and Jobs Act. Enacted at the end of 2017, the Republican-proposed legislation marked the country's most sweeping tax overhaul in three decades.

According to the budget proposal for fiscal year 2020 that Trump sent to Congress last week, the administration plans to extend the tax cut and make it permanent, an endeavor that is expected to face an uphill battle on Capitol Hill, especially in the House controlled by the Democrats who blamed the tax cut for expanding the federal budget deficit.

The deficit is 1.1 trillion dollars for fiscal year 2020, which covers Oct. 1, 2019 through Sept. 30, 2020.

The passage of an infrastructure bill in Congress, another hypothetical scenario purported by the CEA, is not guaranteed either. The report claimed that Congress will pass an infrastructure bill "commencing in 2019 with observable effects beginning in 2020."

Although there is bipartisan consensus on the need to improve infrastructure in the country, Republicans and Democrats remain at odds when it comes to designing the specific plan.

Regarding the tariffs that the Trump administration imposed on products worldwide over the course of last year, the report said they "raised the U.S. average applied tariff by 1.1 percentage points, from 1.5 percent in January 2018 to 2.6 percent in November 2018."

Although the federal government benefited from 14.4 billion dollars in revenue collected by those additional duties, costs paid by consumers in the form of higher prices and reduced consumption are offsetting those gains, the report said.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001379100341
幺女国产一级毛片| 毛片一区二区在线看| 日韩人妻高清福利视频| 欧美三级视频网站| 欧美色综合久久| 热久久99热精品首页| 日本熟妇色视频hamster| 日韩人妻系列无码专区| 99精品人妻少妇一区| 日韩欧美亚洲国产精久久久| 加勒比东京热无码一区| 国色天香成人一区二区| 国产一国产看免费高清片| 粗大猛烈进出高潮视频| 在线看国产精品自拍内射| 国产精品视频白浆免费视频| 在线播放无码字幕亚洲| 91视频爱爱| 99久久久无码国产精品免费| 日本免费人成视频在线观看| 国产精品女主播在线观看| 亚洲色大成成人网站久久| 色yeye免费视频免费播放| 国产一区二区三区免费主播| 成 人免费va视频| 加勒比无码人妻东京热| 国产精品国产三级国产av创| 精品一区二区三区国产在线观看 | 成人无码h真人在线网站| 最近高清中文在线国语字幕| 小12萝裸体自慰出白浆| 中文字幕无码乱人伦| 亚洲日韩AV秘 无码一区二区| 亚洲人成人网站色www| 九九热视频在线免费观看| 少妇人妻偷人精品免费视频| 无套内谢的新婚少妇国语播放| 最近2019免费中文字幕8| 成人无号精品一区二区三区| 最新精品国偷自产在线| 午夜免费啪视频在线无码|