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BerichtGeplaatst: 11-08-2018 07:25:54    Onderwerp: Aerial view of Tianmenshan Reageren met citaat
RAMALLAH Jaquiski Tartt 49ers Jersey , Sept. 22 (Xinhua) -- Fatah movement said Friday thatEgypt will send a delegation to the Gaza Strip to monitorPalestinian reconciliation government's taking office in Gaza.

The secretary of the Revolutionary Council, Majid al-Fatayani,told Xinhua that the Egyptian delegation will be responsible onadministrative and security control, as well as to remove anyobstacles that may face unity government upon assuming its dutiesin Gaza.

Egyptian side "confirmed that they will monitor the commitmentof all parties concerned to implement the reconciliationunderstandings on the ground" in the Gaza Strip, he added.

Early next week, Palestinian leadership will meet chaired byPalestinian President Mahmoud Abbas in Ramallah in the West Bank todetermine the role of the government.

Abbas said in a speech to UN General Assembly Wednesday that atthe end of next week the government will go to the Gaza Strip toassume its duties.

Abbas also expressed satisfaction over "the agreement reached inCairo with Egyptian efforts that cancelled steps taken by Hamas inGaza and the commitment to enable the national unity government toexercise its full powers in the Strip and to hold generalelections."

In turn, Hamas welcomed the arrival of the consensus governmentto the Gaza Strip to exercise its full duties, and urged PresidentAbbas to cancel his latest punitive measures against the GazaStrip, Hamas spokesman Abdul Latif al-Qanoua told Xinhua.

last Sunday, Hamas announced dissoloving of its administrativecommittee in the Gaza Strip and called on the government to "cometo the Gaza Strip to exercise its powers and carry out its dutiesimmediately," confirming to hold the general elections.

Several months ago, Hamas bloc in the Legislative Councilratified to form a "high committee" to administer the Gaza Stripand announced that it will continue as long as the Palestiniansplit exists and that it will end its work when the consensusgovernment, formed in mid 2014, assume its responsibilities inGaza. Enditem

WASHINGTON, April 28 (Xinhua) -- As his milestone 100th day in office nears, U.S. President Donald Trump has been bustling about making progress on his agenda. One of these latest efforts is the hasty introduction of the one-page tax reform proposals.

The tax plan which was released this week is far short of details, but has mirrored closely what Trump promised during the election campaign: big tax cuts for businesses and individuals.

It has long been the consensus in the United States that the country's tax system has contributed to anemic economic recovery and should be reformed. However, how to reform the system while addressing the country's already historically-high debt is at the center of the debate.

"The proposals are mainly supply-side in nature, meaning cuts to marginal tax rates and other changes designed to increase economic growth," said Chris Edwards, a senior fellow at the Cato Institute.

He downplayed effects of tax reform on the federal deficit, arguing that deep corporate rate cut to 15 percent from 35 percent could help enlarge the corporate tax base, which would mean that the government would lose little revenue in the long term.

However, the tax plan has drawn doubts about its impact on the country's federal deficit, because it skipped answers to an important question: how to make up for the government revenue loss in face of the big tax cuts.

U.S. Treasury Secretary Steven Mnuchin said at a press briefing this week that the tax plan will pay for itself with growth, reduction of different deductions and closing loopholes.

"The plan includes far more details on how the administration would cut taxes than on how they would pay for those cuts," said the Committee for a Responsible Federal Budget (CRFB), a nonpartisan watchdog group.

It estimated that the plan would cause a total of 5.5 trillion U.S. dollars in revenue loss over a decade, and would boost the country's debt to GDP ratio to 111 percent by 2027, a sharp increase from the current 77 percent of gross domestic product, a record high after World War II.

"The country would need roughly 4.5 percent sustained growth to pay for the entire tax plan," said the CRFB. However, the nonpartisan Congressional Budget Office expected the U.S. economy to grow at an annual average rate of 1.9 percent over the next decade.

Without adequate offsets, tax reform could drive up the federal debt, harming economic growth instead of boosting it, said the CRFB.

Some conservative think tanks also doubted Mnuchin's claim that the tax plan could pay for itself with growth.

"The absence of base-broadeners means that, taken at face value, it would create large and permanent deficits," said Douglas Holtz-Eakin, president of American Action Forum, a conservative think tank.

As the plan could add large deficits, policymakers need to open up the tax code in search for more revenue, which could lose the benefits of tax reform in the process, said Holtz-Eakin.

He added that it's not possible to pass a bill that creates long-term deficits, and the provisions would likely just be temporary instead of permanent. "Two years of tax cuts is no tax reform," said the expert.

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