US President signs Tax and Defense Act
According to AFP, on the morning of January 3, the White House announced that US President Barack Obama signed into law the "American Tax Cut Act of 2012," raising taxes on households earning over $450,000 and delaying spending decisions for two months.
On the same day, President Obama also signed into law a $633 billion US defense spending bill, providing funding for the war in Afghanistan and enhancing security for US missions around the world.
US President Barack Obama. (Source: AFP/VNA)
In a statement on the morning of January 3 after the signing ceremony, Mr. Obama said: "I passed the annual defense spending bill this year as I have done in previous years because this law allows for support for active duty service members and their families, renews important national security programs, and helps ensure that the United States will continue to possess the most powerful military force in the world"./.
According to (Vietnam+) - DT
