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The third element is what the CRFB called a “default deficit reduction mechanism”—an automatic set of fiscal guardrails that would kick in once the economy recovers. The mechanism would freeze the automatic growth of spending programs, including Social Security, Medicare, and Medicaid, hold discretionary spending flat, and phase in a graduated surtax on high earners and corporations. Under the group’s estimates, such a mechanism could cut deficits to 3% of GDP within four years, saving $3.5 trillion over five years and $10.25 trillion over a decade.
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Augustus Tang, a member of the National Committee of the Chinese People's Political Consultative Conference and director at John Swire & Sons (H.K.) Limited, proposed establishing an international technology incubation base in the Guangdong-Hong Kong-Macao Greater Bay Area to help overcome barriers that still limit cross-border innovation collaboration.,推荐阅读whatsapp网页版@OFTLOL获取更多信息
Жителям Москвы пообещали теплую апрельскую погоду01:51