Sentences with phrase «coming federal spending cuts»

Think concerns over the coming federal spending cuts and tax increases are overblown?

Not exact matches

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.

For one, federal spending cuts are also likely weighing on state and local government hiring — as about 25 % of their funding comes from Washington.

NO: The tax cuts and federal spending increases come at a time when the economy is expanding.

But the Christie robocall does help Hayworth shore up a potential trouble spot for her when it comes to the Democratic push that she would support turning back federal spending for disaster relief that isn't off set by cuts, a position of top Republican lawmaker Eric Cantor.

Whenever the next update comes out, it probably will show a worsening FY 2018 budget gap, and perhaps even a true potential deficit for the current year — depending on whether Cuomo forces a post-election special session based on his power to cut spending in the wake of big enough drops in federal revenue.

President Trump will instruct federal agencies today to assemble a budget for the coming fiscal year that includes sharp increases in Defense Department spending and drastic enough cuts to domestic agencies that he can keep his promise to leave Social Security and Medicare alone.

Still, the spending plan had much to celebrate for the governor, coming in on time amid a $ 4 billion state deficit and the prospect of additional federal cuts.

The pay cuts come a month after mandatory across - the - board spending cuts went into effect after the White House and lawmakers couldn't agree on a deal to cut the federal deficit.

The deal came together barely three hours before the midnight deadline, after negotiators cleared two final hurdles involving the estate tax and automatic spending cuts set to affect the Pentagon and other federal agencies this week.

While mandatory spending — mostly entitlements and mostly on autopilot — remains the largest driver of federal spending and a cause for ongoing fiscal concern, the relative political strength and prominence of mandatory programs made discretionary spending the easier target when it came time to cut.

Mundine's main messages to the conference were around the coming Federal Budget, saying he was aiming to convince the government not to make any overall cuts to Indigenous spending in return for significant savings to come from an «infrastructure audit» and in cutting a swathe through red tape which he says is the «greatest challenge» to Indigenous health policy and services.