The ANC conveyed its condolences to the families of those

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The ANC conveyed its condolences to the families of those

Postby jinpanlin520 » Tue Apr 10, 2018 10:02 pm

U.S. House Speaker Paul Ryan (C) speaks during a press conference after the House of Representatives passed the tax bill at the Capitol Hill in Washington D.C. Cheap Jordan 5 Premium Bordeaux , the United States, on Dec. 19 Cheap Jordan 5 Premium Wine , 2017. The U.S. House of Representatives will have to vote again on the Republican tax bill on Wednesday as some provisions in the bill didn't comply with Senate budget rules. The Senate parliamentarian has advised that three provisions in the Republican tax bill, which passed the House Tuesday afternoon Jordan 5 Premium Bordeaux For Sale , violate the so-called Byrd rule, according to Bernie Sanders Jordan 5 Premium Wine For Sale , ranking member of the Senate Budget Committee. (XinhuaTing Shen)
WASHINGTON, Dec. 19 (Xinhua) -- The U.S. House of Representatives will have to vote again on the Republican tax bill on Wednesday as some provisions in the bill didn't comply with Senate budget rules.


The Senate parliamentarian has advised that three provisions in the Republican tax bill Jordan 5s Premium Bordeaux , which passed the House Tuesday afternoon, violate the so-called Byrd rule Jordan 5s Premium Wine , according to Bernie Sanders, ranking member of the Senate Budget Committee.


"In the mad dash to provide tax breaks for their billionaire campaign contributors Jordan 5 Retro Premium Bordeaux , our Republican colleagues forgot to comply with the rules of the Senate," Sanders said Tuesday in a statement.


"It is our intention to raise a point of order to remove these provisions from the conference report and require the House to vote on this bill again Jordan 5 Retro Premium Wine ," he added.


While the Senate still plans to vote on the tax bill Tuesday evening, House Majority Leader Kevin McCarthy said the House will have to take another vote on the tax legislation Wednesday morning.


Overhauling the tax code is a top priority for the Donald Trump administration and congressional Republicans before next year's midterm elections. They insist that the broad tax cuts for corporations Jordan 5 Premium Bordeaux 2017 , small businesses and individuals will boost U.S. economic and job growth.


But Democrats have criticized that the Republican tax legislation would mostly benefit the wealthy and large corporations and increase U.S. budget deficit.






CAIRO, Nov. 2 (Xinhua) -- The economic situation in Egypt is difficult yet manageable and China is a major economic supporter to the Arab country, said lawmakers and economic experts in a press conference held Wednesday at the State Information Service (SIS) headquarters in Cairo.


They expected the most populous Arab state to gradually get out of its ongoing economic crisis via the intended economic reforms.


Ali al-Moselhy, head of the parliament's economic committee, said that the reform aims at resolving the country's problems and "there are currently serious and brave steps in this regard."


Due to five years of political instability, Egypt has seen severe economic recession that led to a decline in foreign currency reserves, a growing budget deficit that amounted to 339.5 billion Egyptian pounds (about 38.2 billion U.S. dollars), representing 12.2 percent of the gross domestic product, and raising foreign debts to recently reach 55.8 billion dollars.


The situation led the country to resort to a 12 billion dollars' loan from the International Monetary Fund (IMF), whose initial agreement has been reached in August, and it is expected to be accompanied by economic reforms including fuel and energy subsidy cuts.


Addressing the press at the SIS conference, Moselhy said that a punch of state decisions are expected to be announced soon related to raising pensions, improving healthcare and educational services and implementing a social safety net program to limit the suffering of low-income citizens amid economic reforms.


Answering a question of Xinhua's correspondent on China's economic cooperation with Egypt, the lawmaker said that China's economic support to Egypt is "obvious in all fields," including the field of scientific research and remote sensing centers via a donation.


"Thanks to China, Egypt has become a founding member of the Asian Development Bank, which gives Egypt several privileges," he said.


He also described Egypt-China cooperation as "a win-win situation," as China is among the first states that started investments in the Suez Canal region and its investments there are on the rise.


He added that the Chinese yuan's inclusion in the IMF's Special Drawing Rights basket is very important as it can be the main trade currency between Egypt and China without the dollar as intermediate, which may reduce Egypt's demand on the dollar.


Moselhy, also a former social solidarity minister, said that the government should adopt more transparency and communication for citizens on the economic situation and the required reforms.


The recession hit the country's main foreign currency resources including tourism, foreign investments and exports, which led to a sharp increase in dollar price and a wide gap between its official and black market exchange rates, affecting many import-based businesses.


Meanwhile, Ali Wally, an economic expert and a senior director at a consulting company, attributed the dollar shortage to the gap between the country's increasing dependence on dollar for imports and its lower dollar resources.


"Egypt needs to have a clear vision and strategy, with identified numbers and goals, to gradually increase its industrial exports as a main source of hard currency," said the expert, stressing that the country should not rely only on dollar revenues from tourism, the Suez Canal and the remittances from Egyptian expatriates.


Regarding the economic cooperation with China, Wally said that "Egypt is walking towards China, but in fact it needs to be running towards China."


He continued that Egypt needs to learn from the Chinese experience and send Egyptian personnel to China for training, noting China's exports are 120 times that of Egypt, with 94 percent of the Chinese exports produce.

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