Photo: Wana News Agency / Reuters
The white house is preparing measures to combat the recession (a slowdown in the economy). It is reported by The New York Times, citing sources.
According to the publication, discussed the possibility of reducing the payroll tax, and the abolition of some imposed by US President Donald trump duties. In addition, the administration of the American leader has prepared proposals on reducing taxes, which will accelerate the growth rate of the economy, increasing wages.
It is noted that the head of state not familiar with the idea of his administration and may not approve the plan.
The newspaper reminds that these measures to stimulate the economy acted during the presidency of Barack Obama from 2011 to 2012 after completion in 2009 of the recession. Then tax at 6.2 percent of wages was reduced to 4.2 percent. The amount goes to the government, went to Finance social security programmes.
On 19 August the head of the National Council on trade at the White house Peter Navarro stated that the US economy will not face problems in the foreseeable future and will not cause the global crisis.
Last week on the debt market of the USA was recorded anomalous situation: the profitability of short-term two-year government bonds exceeded the yield on long-term ten-year securities. This phenomenon is called inversion of the yield. It means that investors consider the short term are riskier than long, and is considered the sure sign of a future recession not only in USA but throughout the world.
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