BERNANKE: extension of the Bush Administration tax cut plan will help strengthen the economy
YORK July 23 morning news yesterday, according to foreign media reports, Federal Reserve Chairman Ben Bernanke (Ben S. Bernanke) Thursday said the extension of former President George Bush (George W. Bush) In the tax cuts adopted during the term of office will help to strengthen the U.S. economy. He pointed out that the U.S. economy still needs stimulation measures.
Bernanke today affiliated to the United States House of Representatives Financial Services Committee (House Financial Services Committee) to give evidence, said: "In the short term, I believe we should maintain a reasonable level for the U.S. economy, the financial support and stimulating measures. There are many ways to do this, and this is one of a kind way. "
Bernanke want to weaken the economic recovery process in support, we strongly urge members of Congress reduce the federal budget deficit in the medium term. Financial Services Committee today to testify, he would be "medium term" is defined as 2013 to 2020. In Bernanke as Fed chairman before Alan Greenspan (Alan Greenspan), had said last week, members of Congress should be allowed to tax cuts expire at the end of 2010. (Jin-liang)
