Monday, January 10, 2011

Obama tax cuts to further stimulate growth in a favorable recovery and job creation

 2011  1 8, United States President Barack Obama in his weekly television broadcast speech that the U.S. economic recovery is moving in the right direction. He also stressed that the tax cut bill signed by the end of 2010 will enable hundreds of millions of U.S. citizens and businesses to benefit, thus contributing to the further recovery of the U.S. economy's future.

Barack Obama on Friday for the decline in national unemployment rate to 9.4% of the data indicated that the monthly employment is expected to rebound in market conditions, more important is the warming trend, . Data showed the U.S. private sector employment growth for 12 consecutive months of data, this is the first time since 2006; and the annual increase of 130 million jobs by one-quarter also showed increasing trend.

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However, Obama warned that the U.S. economic recovery is still a lot of work to do, He stressed that despite the Republican members of Congress repeal the health care bill is brewing, but the introduction of measures to promote economic recovery issues, Democrats and Republicans need to come up with great sincerity of cooperation.

In addition, Obama pointed out that the scale of 8,850 billion tax cut bill so that when investing in U.S. companies to enjoy tax breaks, and each can increase the average American household disposable income of about $ 1,000 .

Prior to that, Obama at the end of 2010 was signed between the two parties reached a compromise tax cut bill, the Bill will include the popular President George W. Bush era tax cuts two-year extension, will be the end of November 2010 to The bill to extend unemployment benefits of 13 months, and business investment to enjoy tax relief of the content.

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