Sentences with phrase «by years of cuts»

«Even with restorations, this year's budget dance has taken a toll on a system worn thin by years of cuts,» said Public Advocate Bill de Blasio.»

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.

Combine that with a sparkling balance sheet and its history of never cutting its dividend — the yield is now 2.5 % — and its beaten - down share price (down by a third over the past two years) looks like an opportunity to pick up a high - quality bargain.

Flannery said GE is «keenly aware of the pain» caused by its poor performance and dividend cut last year.

St. Louis - based Anheuser - Busch, the largest U.S. brewer, said earlier this month it had cut its water use by 32 per cent in the last five years by sponsoring preservation initiatives in water basins critical to its breweries, and by installing U.S. Department of Agriculture real - time weather and crop water - use data meters on suppliers» farms.

According to Congress's Joint Committee on Taxation, the Tax Cuts act, signed in December, will decrease expected revenues by a total of $ 1 trillion over the next 10 years, an average of $ 100 billion annually, even after any boost to growth and incomes from lower taxes.

As for «peak earnings,» Michael Wilson, chief U.S. equity strategist and CIO of Morgan Stanley Wealth Management, said in a note to clients on Sunday that» [W] e think the market is digesting the fact that the tax cut last year has created a lower quality increase in US earnings growth that almost guarantees a peak rate of change by 3Q.»

Shell Oil took that approach, and according to Hugh Mitchell, their Chief Human Resources Officer, their reliance on a range of internal and external services helped cut their HR budget by 40 percent in four years.

Future spending cuts will include additional pension cuts and tax increases for Greeks, already hit by seven years of harsh cuts.

Twenty years ago, Canadian goods accounted for 2 % of Asian imports, but by 2013 Canada's share had been cut in half, even with its surge in natural resources exports to Asia.

The tax, announced in March 2016, has already cut sugar content in drinks by 45 million kg per year, Britain's Treasury said, as over 50 percent of manufacturers have reformulated their products to be below the levy's sugar threshold.

The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States.

They also follow a recent pledge by the bank to build more branches and expand hiring in underserved neighborhoods and expand its philanthropic work, in response to an expected windfall from the passage of federal corporate tax cuts last year.

WHAT THEY DID: An earlier version of the Senate plan would increase deficits by roughly $ 1 trillion over 10 years, even when taking into account additional economic growth forecast with the tax cuts, the Joint Committee on Taxation said last week.

The CNBC / SurveyMonkey Small Business Survey found that when asked what they were most likely to do with extra money received from a tax cut next year, the No. 1 response from small - business owners was «pay down debt,» chosen by 31 percent of respondents.

The attacks could hurt Hollande's chances of re-election next year, already damaged by failure to cut unemployment.

He has implemented a massive stimulus policy by cutting the central bank's benchmark interest rate to negative, keeping the 10 - year Japanese government bond yield near 0 percent in an effort to control the yield curve and stepping up the Bank of Japan's asset purchases.

Airports across the country are seeing lines balloon in size, thanks to a «perfect storm» of conditions — the number of airline passengers has increased to 700 million; there's massive attrition of TSA security screeners each week; TSA has cut staff by 10 percent over the last three years; and not enough passengers have enrolled in TSA's PreCheck program, the Associated Press reports.

Excluding items, the company reported earnings of 78 cents per share, which included a 13 - cent impact from tax cuts signed into law by U.S. President Donald Trump late last year.

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 Office.

That a 15 - year - old girl would be targeted and shot by the Taliban, live to tell the tale and then continue to fight for the education of women in Pakistan is the kind of story that cuts through cultural and geographic boundaries.

Austerity measures imposed earlier this year include $ 65 billion ($ 80 billion) in spending cuts and tax increases by the end of 2014.

In effect, the BCA set caps mandating that discretionary outlays rise a couple of points a year from a low baseline established by the deep cuts between 2011 and 2013.

Instead, analysts heard about prosaic plans like McDonald's new organizational structure (it will lump international markets together by specific characteristics rather than by geographic proximity), its intention to sell many more restaurants to franchisees than originally planned, and to cut costs to the tune of $ 300 million a year.

Ford plans to make another $ 11.5 billion in cuts in order to reach a profit margin target of 8 % by 2020, two years earlier than was previously planned.

Reviewed by local regulators for almost a year, that local marriage was only step one for the Brahma boys, who saw an industry ripe for consolidation and initiated a strategy to improve margins by buying up brewers, eliminating duplicative operations, cutting excess suppliers, and other steps that formed today's beer market, which is fragmented by brand but consolidated in terms of ownership.

Oil investor hopes were raised at the start of the year by a deal to cut production between members of the Organization of Petroleum Exporting Countries and some non-OPEC producers.

Tenet Healthcare said it would explore a sale of its Conifer unit, and increase the size of its plan to cut costs by $ 100 million by the end of next year.

Still, Sal Guatieri, a senior BMO economist, wrote last week that «in no way are family incomes growing fast enough to justify the rampant price moves,» nor can it be explained by a sudden spike in mortgage lending, which was given a boost by the Bank of Canada's two rate cuts last year.

To that end, Weisler reiterated HP's restructuring plans from earlier this year that involve cutting 3,000 jobs by the end of 2016.

Failure of prices to recover raises the prospect of even deeper cuts to investment by oil and gas companies next year and would likely result in Canada's economy remaining on a slower growth path than the 2.2 per cent pace we are expecting.»

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.

U.S. Senate Republicans» version of a tax cut bill will delay corporate rate cuts by one year to take effect in 2019, and will not include a repeal of Obamacare's individual mandate, Republican Senate Finance Committee member Bill Cassidy said ahead of the plan's release later on Thursday.

Overall, the Senate bill would cut annual household taxes by an average of $ 670 a year.

There were, among others, the debt ceiling standoff - cum - rating downgrade of 2011 and the fiscal cliff scare of late 2012, followed by awfully - timed tax hikes and spending cuts earlier this year.

All in all, the Trump tax plan would wastefully increase deficits by at least $ 3.5 billion over ten years — with half of all tax cuts going to the top 1 % — while actually raising taxes on nearly half of all families with children, according to the nonpartisan Tax Policy Center's (TPC) analysis.

Already in Brazil, the region's biggest economy, President Dilma Rousseff is starting to roll out a more conservative message of austerity, including cuts in unemployment and welfare benefits, to tame a record budget deficit widened by the biggest economic slowdown in 25 years.

LONDON, Oct 3 - Key Euribor and Libor bank - to - bank rates hit fresh record lows on Wednesday, as the huge volume of cash pumped into the banking system by the European Central Bank and the prospect of further cuts in its interest rates extended a year - long slide.

By 2013, they had fallen to $ 1.46 billion, despite the company's efforts to steady the business in the last couple of years through steps such as improving reps» cut of the action, and streamlining its product assortment to focus on lower - priced products.

LONDON, Oct 3 (Reuters)- Key Euribor and Libor bank - to - bank rates hit fresh record lows on Wednesday, as the huge volume of cash pumped into the banking system by the European Central Bank and the prospect of further cuts in its interest rates extended a year - long slide.

LONDON, Oct 3 - Key Euribor bank - to - bank lending rates hit fresh record lows on Wednesday, as the huge volume of cash pumped into the banking system by the European Central Bank and the prospect of further cuts in its interest rates extended a year - long slide.

PARIS, Oct 28 - Executives from nearly 100 of France's biggest companies called on the Socialist government on Sunday to cut payroll taxes by 30 billion euros over two years to regain waning competitiveness.

The companies aim to have cut a combined 10,000 staff and contractor jobs by the end of this year and Shell said on Wednesday it could further cut combined capital investments below the $ 33 billion targeted for 2016.

So the pre-election Republican position, backed by allies such as the Chamber of Commerce, to extend all of the tax cuts and postpone all of the spending cuts until the leaders work out a deal is not likely to win over many Democrats, who seem more inclined to let the tax cuts expire and start from scratch next year, presumably making it harder for Republicans to resist.

Carlsberg is aiming to cut the best part of 2 billion kroner of costs by the end of this year to defend against an enlarged and more profitable rival following the combination of AB InBev and SABMiller Plc..

Norway - based Statoil ASA, which plans to start up its Kai Kos Dehseh project later this year, recently set itself the goal of cutting its emissions there by 40 % within 15 years.

Though, she cautioned that the threat of a government shutdown and the fiscal restraint imposed by years of the 2013 sequester, which will cut more than $ 1 trillion in government spending through 2021, could be calamitous.

In December, as Greek policy - makers approved yet another round of budget cuts — tough legislation that caps salaries at state - owned companies, cuts many state salaries by 10 % and diminishes collective bargaining power — some 20,000 protestors jammed the streets in the country's seventh general strike that year.

Either way, Stockman said, any damage caused by Trump's trade agenda is dwarfed by the economic disaster that will be wrought by the massive spending and tax cuts that Republicans of Kudlow's denomination passed last year.

With the passage of a tax cut bill by Congress late last year, small businesses need to be aware of the changes in tax rates and deductions that will take effect this year.