Sentences with phrase «budget spending cuts»

Not exact matches

The Congressional Budget Office has estimated that the combination of tax increases and spending cuts could trim economic growth this year by about 1.5 percentage points.

If Mulcair keeps promises on the budget and corporate tax rate, it's unclear how an NDP government could avoid spending cuts

Simply put, balancing the budget through spending cuts alone will not work.

The Trump administration already has relied on the House bill's healthcare spending cuts in its proposed federal budget.

As would other key players, including former TD Bank chief economist Don Drummond (author of a detailed report outlining cost - cutting opportunities in Ontario) and former parliamentary budget officer Kevin Page, who has spent decades uncovering wasteful spending in the public service.

While the budget proposes large spending cuts to many government agencies — the Environmental Protection Agency and State Department budgets would be cut 31 % and 28 %, respectively — defense and military spending would increase substantially.

Many state tax systems are also inadequate to address coming budget shortfalls or to finance the kind of investment necessary to offset the drop in federal spending that will inevitably follow Congress's $ 1.5 trillion tax cut.

Their efforts were complicated on Thursday by a Congressional Budget Office report that said the Senate proposal would cut spending on government Medicaid for the poor by 35 % come 2036.

«We can not just cut our way to growth,» Mills said, referring to the budget austerity enacted by Congress following the massive government spending authorized after the financial crisis.

WASHINGTON (AP)-- The combined effects of President Trump's tax cuts and last month's budget - busting spending bill is sending the government's budget deficit toward the $ 1 trillion mark next year, according to a new analysis by the Congressional Budget Obudget - busting spending bill is sending the government's budget deficit toward the $ 1 trillion mark next year, according to a new analysis by the Congressional Budget Obudget deficit toward the $ 1 trillion mark next year, according to a new analysis by the Congressional Budget OBudget Office.

Because Congress has refused to either raise taxes or cut other spending to pay for the war, the necessary borrowing has substantially raised the budget deficit and increased the national debt.

We'll likely see a lid clamped on government spending, with some department budgets cut by as much as 10 %.

The Congressional Budget Office projects the return of $ 1 trillion annual deficits following the December tax cuts and recent spending increases.

If the NDP is scaling down its plans to a one or two percentage point increase, then it's not clear how a NDP government could avoid the spending cuts that are built into the current budget projection, much less finance new spending.

Both identify about $ 1.2 trillion in spending cuts to the day - to - day operating budgets of government agencies, though Reid's proposal also counts an extra $ 1 trillion in savings from winding down wars in Iraq and Afghanistan.

They also have recent real - world examples to make their case: Tax cuts in Kansas made by Gov. Sam Brownback failed to deliver the expected boost, forcing the state into years of grueling budget battles and harsh spending cuts to make up the gap.

Health and science professionals warn that budget cuts proposed by President Donald Trump could be devastating for future generations, potentially gutting spending on biomedical and environmental research.

Republicans are demanding spending cuts to reduce the budget deficit as the price for supporting an increase in the debt ceiling.

Although they have had to cut back significantly on their holiday budget in recent years, they still plan to spend $ 50 to $ 75 on each child — even though it means relying on credit cards.

The non-partisan Congressional Budget Office predicts the combined impact of spending cuts and tax hikes will lead to a contraction in real GDP of 0.5 % between the fourth quarter of 2012 and the same period in 2013.

Publicly traded oil companies have lost billions in market value, and both public and private firms are moving aggressively to cut capital spending budgets for 2015 — laying off thousands of workers and shutting down hundreds of rigs.

Mutually unpleasant cuts to military and social spending were a key feature of the 1985 Gramm - Rudman - Hollings budget deal during the Reagan years, although the success of these measures remains controversial.

As the 2016 fiscal year comes to a close, first - term Governor John Bel Edwards and the state legislature have been in crisis mode, struggling to close a fiscal 2017 budget gap that could run as high $ 800 million — and that is after $ 485 million in emergency spending cuts this year.

She cut spending in the budgets to below the levels of inflation plus population, strong - armed teachers and doctors into taking wage freezes.

Cuts to the highest per - capita spending in Canada will doubtless be part of the budget Premier Alison Redford unveils on March 7, but a shortfall on the revenue side, namely oil and gas royalties, has prominent Albertans calling for a more stable source of funding: a provincial sales tax.

«Development budgets have been very susceptible from right - wing governments, but also from all governments — for instance, France's socialist government has cut spending,» she later added.

New Mexico's grinding budget crisis is taking a toll in courtrooms where overburdened attorneys have denied legal counsel to poor defendants, at museums reeling from layoffs and admission hikes, and at state universities and colleges grappling with steep spending cuts.

FILE - In this Aug. 24, 2016, file photo, New Mexico Finance and Administration Secretary Duffy Rodriguez, from left, Taxation and Revenue Secretary Demesia Padilla and Legislative Finance Committee Director David Abbey give testimony to lawmakers about state budget shortfalls in Red River, N.M. New Mexico's grinding budget crisis is taking a visible toll in courtrooms where overburdened attorneys have denied legal counsel to poor defendants, at museums reeling from layoffs and admission hikes, and at state universities and colleges grappling with steep spending cuts.

Their plan to balance the budget involved 18 billion dollars in spending cuts, along with $ 16 billion in additional revenue gained from economic growth.

If you're considering spending outside of that budget or prioritizing something material over a bill coming due, it may mean you need to cut back in some other way, according to Tom Corley, an accountant, financial planner and author of «Rich Kids: How to Raise Our Children to Be Happy and Successful in Life.»

Most economists expect the next president will be forced to both cut spending and raise taxes to balance America's budget.

Trump's tax cuts and planned $ 1.5 trillion in infrastructure spending, which are expected to boost the economy while escalating the budget deficit, could pose a challenge for Powell.

That spending recommendation — entitled «America First: A Budget Blueprint to Make America Great Again» — would slash $ 5.8 billion, or about 18 %, from the annual outlay for the National Institutes of Health, and it would cut even more sharply from other programs within the Department of Health and Human Services.

«Republican governors are cutting taxes, slashing spending, balancing budgets and transforming their states into engines of economic growth,» the group crowed.

With the government's strategy over the past few months apparently focused on undermining the Wildrose Alliance by stealing from its agenda, many had expected the Tories would further woo disaffected right - wing voters with deep spending cuts in this year's budget, which was unveiled on Feb. 9.

Well then, Stephen Harper will need to cut billions from spending to meet the 2015 deadline for budget balance that Flaherty reaffirmed today.

Speaking to Sky News on his first full day in the role, he ruled out the «punishment budget» of # 30bn spending cuts and tax rises promised by George Osborne in the days before the referendum.

As talk about the economy has largely focused on tax cuts, the U.S. budget deficit and the potential for trade tariffs, one of the biggest things investors and the general public seem to be missing is the increased spending soon to be pumped into the U.S. economy by the government.

Balancing the budget in every year would mean that governments would be forced to increase taxes and cut spending in downturns, and to do the opposite when the economy is growing quickly.

While many of its spending cuts are more aggressive than the political climate is likely to allow, the RSC deserves great credit for putting out a budget in a year where no official budget has yet been put forward by the House or Senate Budget Commibudget in a year where no official budget has yet been put forward by the House or Senate Budget Commibudget has yet been put forward by the House or Senate Budget CommiBudget Committees.

But instead of increasing spending on post-secondary education, Advanced Education Minister Murray Coell recently announced he's saving $ 16 million by cutting college and university budgets by 2.6 per cent.

Financial experts say the central bank's intervention seems to have catalyzed a virtuous circle: As new governments come in and promise to deliver spending cuts, tax increases and balanced budgets, once gun - shy banks have an added incentive to tap new financing from the central bank and jump back into bond markets that they were running from just a few months ago.

That downturn is pushing the federal budget towards deficit, but having rejected deficits outright, the Harper government will have to cut spending to balance its budget, thereby making economic problems worse.

Lengthening the budget window simply to allow for more years of deficit - financed spending increases or tax cuts would be an unfortunate gimmick that would undermine many of the important benefits of long - term scoring.

Controversial reforms Greece promised to pass into law by Wednesday include reforming the VAT system, overhauling pensions and signing up to plans that ensure immediate spending cuts in the event of breaching creditor - mandated budget targets.

The Minister of Finance has indicated that additional spending cuts could be forthcoming in order to achieve a balanced budget in 2015 - 16.

The report just released by the PBO shows that because of the cuts to direct program spending introduced in the 2010 and 2012 budgets and the changes to the Canada Health Transfer (CHT) and the Old Age Security (OAS) system, the government now has a fiscal structure that is sustainable in the long term.

O'Neil said he's skeptical about the assumptions that a Trump agenda of increased government spending and tax cuts will be fully enacted and lead to faster growth, higher inflation and bigger budget deficits.

If Mulcair keeps his promises on the budget and the corporate tax rate, it's unclear how an NDP government could avoid spending cuts

Lawmakers reached a bipartistan budget deal that doesn't raise taxes, but it restores some of the sequester spending cuts.