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U.S. House Speaker urges Obama to lead on debt talks
WASHINGTON, Nov. 9 (Xinhua) -- U.S. President Barack Obama should play a leading role in resolving the imminent1 "fiscal2 cliff " through bipartisan negotiations3, John Boehner, Speaker of the U. S. House of Representatives, said here Friday.
A bipartisan deal to avoid the "fiscal cliff" should include entitlement reform, tax reform and lower tax rates, Boehner told reporters at a Friday press conference, adding that he was hopeful that "productive conversations" could begin soon.
The top Republican lawmaker of the House stressed that he opposed higher tax rates to solve the nation's fiscal challenge, citing a study from Ernst & Young that raising the income tax rates for the wealthy would destroy nearly 700,000 jobs in the country.
Unless U.S. Congress acts by the end of this year, a combination of tax hikes and sweeping4 spending cuts, dubbed5 as the "fiscal cliff" and with the combined amount of about 600 billion U. S. dollars, was set to kick in. Democrats6 and Republicans locked horns over how to reduce the nation's public debt hovering7 at 16.2 trillion dollars and tide over the "fiscal cliff."
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1
imminent
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adj.即将发生的,临近的,逼近的 | |
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2
fiscal
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adj.财政的,会计的,国库的,国库岁入的 | |
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3
negotiations
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协商( negotiation的名词复数 ); 谈判; 完成(难事); 通过 | |
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4
sweeping
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adj.范围广大的,一扫无遗的 | |
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5
dubbed
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v.给…起绰号( dub的过去式和过去分词 );把…称为;配音;复制 | |
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6
democrats
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n.民主主义者,民主人士( democrat的名词复数 ) | |
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7
hovering
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鸟( hover的现在分词 ); 靠近(某事物); (人)徘徊; 犹豫 | |
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