WWW久久国产AVJUST麻豆_福利无码电影在线看_亚洲AⅤ无码成人网站国产_国产亚洲欧美日韩综合在线_国产亚洲精??在线观看不卡

Trump tariffs erase nearly all tax-cut benefits for U.S. households: report

Source: Xinhua| 2019-06-08 11:06:15|Editor: Shi Yinglun
Video PlayerClose

WASHINGTON, June 7 (Xinhua) -- The tariffs the Trump administration has imposed on goods from U.S. trading partners have already shaved off all but 100 U.S. dollars of the benefits American households earned per year on average from the administration's 2017 tax cut bill, U.S. media reported Friday.

Days after the Republican Party-proposed Tax Cuts and Jobs Act got passed, a study dated Dec. 18, 2017 by the Urban-Brookings Tax Policy Center, a Washington think tank, found that the bill would cut an average of 930 dollars in tax for middle-class American families.

The Federal Reserve Bank of New York in March research concluded that the U.S. tariffs already in place would cost middle-income American households about 831 dollars on average.

Bloomberg News said that due to the additional tariffs that Trump has implemented and threatened to implement, 100 dollars of the altogether 930 dollars of tax cut gains for each middle-income American family "will soon disappear."

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001381262921