Former U.S. treasury secretary criticizes tax cut legislation

    Source: Xinhua| 2018-01-03 05:04:59|Editor: yan
    Video PlayerClose

    WASHINGTON, Jan. 2 (Xinhua) -- Jacob Lew, former U.S. Treasury Secretary under President Barack Obama, said on Tuesday the tax cut legislation passed last year has concentrated benefits for big corporations and rich people, and will leave the country broke.

    "It's a ticking time bomb in terms of the debt," Lew told Bloomberg Radio Tuesday. "You cannot run a fiscal policy by spending trillions of dollars you don't have at a time that the economy is doing well."

    President Donald Trump signed the tax cut bill into law before Christmas 2017. The biggest tax overhaul since 1986 would add about 1.5 trillion U.S. dollar to national debts over the next decade, according to Congressional Budget Office.

    The tax cut legislation will lower the corporate tax from 35 percent to 21 percent and reduce taxes for most U.S. families.

    However, the largest cuts, in dollars and as a percent of after-tax income, would accrue to higher-income households, according to Tax Policy Center, a nonpartisan think tank based in Washington.

    "What we've seen is a tax cut that spends money we don't have to have very concentrated benefits for global corporations and the top 1 percent, and it's leaving us broke," according to Lew.

    "The next shoe to drop is going to be an attack on the most vulnerable in our society," Lew said.

    "How are we going to pay for the deficit caused by the tax cut? We are going to see proposals to cut health insurance for poor people, to take basic food support away from poor people, to attack Medicare and Social Security. One could not have made up a more cynical strategy."

    TOP STORIES
    EDITOR’S CHOICE
    MOST VIEWED
    EXPLORE XINHUANET
    010020070750000000000000011105521368677851
    主站蜘蛛池模板: 台湾一级淫片完整版视频播放| 国产美女高清**毛片| 亚洲AV高清在线观看一区二区 | 在线日韩av永久免费观看| 中文字幕羽月希黑人侵犯| 欧美www网站| 亚洲色中文字幕在线播放| 美女扒开尿口让男人看的视频| 国产成人精品视频午夜| 99久久国语露脸精品国产| 成人免费网站在线观看| 久久精品人成免费| 欧美在线视频免费观看| 伊人久久大香线蕉亚洲五月天| 色哟哟视频在线| 国产成人亚洲精品播放器下载| 77777_亚洲午夜久久多人| 女人爽小雪又嫩又紧| 久99频这里只精品23热视频| 极品美女a∨片在线看| 亚洲熟妇AV一区二区三区漫画| 精品亚洲综合久久中文字幕| 国产亚洲视频在线| 亚洲精品第一国产综合野| 国内精品区一区二区三| а天堂中文地址在线| 抬头见喜全集免费版| 久久婷婷五月综合成人D啪| 欧美一级久久久久久久大| 亚洲熟妇av一区二区三区宅男| 福利一区二区在线| 又色又污又爽又黄的网站 | 性欧美video视频另类| 久久久无码人妻精品无码| 最近最新中文字幕免费的一页| 亚洲最大激情中文字幕| 特级按摩一级毛片| 免费成人福利视频| 给我个免费看片bd| 国产一区在线观看免费| 韩国三级日本三级美三级 |