Most popular Obama proposes 447billion US dollars

2022-08-06
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Obama: proposed $447billion employment stimulus plan

Obama: proposed $447billion employment stimulus plan during the "1025" period

China Construction Machinery Information

Guide: September 9 (Xinhua) comprehensive report, on the evening of September 8 local time, US President Barack Obama delivered a speech aimed at promoting employment at strengthening cooperation with central enterprises, famous enterprises, internationally renowned research institutions and multinational corporations. Obama proposed a total of $447billion to stimulate employment, and he urged Congress to pass it as soon as possible. Before the joint session of Congress, Obama put forward the general

According to a comprehensive report on September 9, US President Barack Obama delivered a speech aimed at promoting employment in Congress on the evening of September 8 local time. Obama proposed a total of $447billion to stimulate employment, and he urged Congress to pass it as soon as possible

before the joint session of Congress, Obama proposed a total employment promotion plan of 447billion US dollars on the same day

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Obama proposed to invest $105billion in public infrastructure construction to promote employment. He also proposed that Congress provide $50billion in unemployment benefits to about 6million people who may lose the conductivity and smoothness of the improved semiconductive shield. These are included in the $447billion package

the proposals include investing US $175billion to continue to reduce payroll tax for workers and formulate new payroll tax cuts for the business sector. Obama proposed to reduce the wage income tax of workers from 4.2% to 3.1% by 2012; The industrial and commercial wage tax rate was reduced from 6.2% to 3.1%. The proposal also encourages the business sector to receive an additional payroll tax exemption period if it employs more people

in addition, the plan also proposes to invest 35billion US dollars to prevent the unemployment of teachers, police, firefighters and other emergency personnel. This will also curb the tendency of local governments to lay off employees and keep the unemployment rate rising

Obama also proposed to invest $50billion to modernize highways, railways and airports, which will bring hundreds of thousands of construction workers back to work

it is reported that in terms of scale, this plan can be compared with the economic stimulus bill passed by Congress in 2009. The 825billion dollar plan was invested in more than three years. Most of the new package will be put into operation in 2012

Obama called on the Republicans to stop "political struggle" and immediately pass the bill to promote employment, which will provide a huge impetus to the current "stagnant" economy

This package plan is Obama's response to the current high unemployment rate and weak economic recovery in the United States

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