国产一级片一区二区三区Iav黄色免费看I久久久久国产成人免费精品免费I人成午夜视频I97福利在线I国产麻豆剧传媒免费观看I久久爱www.I一区二区三区视频在线I久久免费高清I麻豆国产精品永久免费视频I91尤物国产尤物福利在线播放

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
主站蜘蛛池模板: 色狠狠一区二区三区香蕉| 女人高潮被爽到呻吟在线观看| 精品国产乱码久久久久久口爆网站| 国产人妻aⅴ色偷| 国内精品视频一区二区三区| 韩国三级中文字幕无码| 国产精品成人久久小草| 国产精品视频免费播放| 欧美饥渴熟妇高潮喷水水| 日本成本人三级在线观看| 男女性高爱潮是免费国产| 99热成人精品国产免费| 国产精一品亚洲二区在线播放 | 亚洲熟女乱色一区二区三区| 激情av无码后入| 成人做爰69片免费看网站| 日本最大色倩网站www| 欧美孕妇变态孕交粗暴| 超碰97人人射妻| 天天躁夜夜躁天干天干2020| 人妻熟妇乱又伦精品视频| 亚洲精品久久久久成人2007| 欧美极品少妇无套实战| 亚洲国产成人久久综合同性| 色老板精品视频在线观看| 欧美另类与牲交zozozo| 午夜免费无码福利视频麻豆| 久久永久免费专区人妻精品| 日韩亚洲欧美精品综合| 久久www成人_看片免费不卡| 亚洲精品国产精品国自产观看| 人妻大战黑人白浆狂泄| 97人洗澡从澡人人爽人人模| 亚洲 另类 熟女 字幕| 偷偷要色偷偷中文无码| 日韩精品无码一区二区三区av | 2018天天拍拍天天爽视频| 国产精品久久久久久久久岛国| 久久久久亚洲精品无码蜜桃| 国产精品日日做人人爱| 亚洲精品一区二区三区精品|