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No.225 SIM音読用英文

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Bush Remains Upbeat on US Economy
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Recent weeks have seen a sobering string of economic news,

from a sharp spike in unemployment

to continued housing foreclosures

to record-setting energy prices.

Many economists are openly discussing the possibility

of a recession this year,

after more than four years

of uninterrupted economic expansion.

President Bush says it is understandable

that Americans are anxious about the economy.

"We cannot take growth for granted.

We confront economic challenges,

from the downturn of the housing sector

to high energy prices

to painful adjustments

in some of the financial markets."

President Bush was speaking

to business and political leaders in Chicago, Illinois.

Already, the U.S. central bank has lowered interest rates

in an effort to try to stimulate the economy.

President Bush says more action is needed,

including securing new trade deals with foreign countries,

expanding oil exploration,

and keeping taxes low.

"I've worked with Congress to cut taxes,

and pro-growth economic policies work.

When you cut taxes,

it means that people have more money

to save, spend or invest."

Mr. Bush pointed out

that many of the tax cuts he championed

at the start of his administration

are scheduled to expire in coming years.

He said, unless Congress acts

to extend the tax breaks or make them permanent,

Americans will surrender far more of their income

to the federal government,

and have less money to meet their needs

and keep the economy going.

Leaders of the Democratically-controlled Congress have criticized

many of President Bush's most-favored tax initiatives

as favoring wealthy Americans

over the middle and lower classes.

They have also questioned the wisdom of cutting taxes

at a time when America is at war

and the nation's debt is increasing.


Michael Bowman, VOA News, the White House.
by danueno | 2008-01-16 17:48 | SIM音読用英文


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