Sentences with phrase «cut federal spending also»

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.

And while public dissatisfaction with the legislation has been focused on the notion that the Republican tax cuts are deeply skewed toward the wealthiest Americans and the corporations they run, Barkan, who has spent years galvanizing support for a more diverse and inclusive Federal Reserve, wants to remind Americans this legislation also includes cuts to their healthcare.

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

It also includes cuts to non-defense spending designed to lower the federal budget deficit by more than $ 3 trillion over the next decade.

The final agreement not only burnishes Cuomo's liberal credentials by extending (though not expanding) the millionaire's tax, raising the age of criminal responsibility of New York and addressing the high cost of college tuition for members of the middle class, it also dramatically increases his (already considerable) budget powers, enabling him to single - handedly make spending cuts in the event of widely expected future federal funding reductions.

Because of lower - than - expected federal assistance for Medicaid, Albany instituted an across - the - board budget sweep of 1.1 percent, cutting state spending and also siphoning off theoretically separate revenue streams dedicated to specific programs and agencies, like the MTA.

-- Spending $ 1.5 trillion on federal tax cuts and squeezing the overall federal discretionary budget while also threatening key programs that the MTA is relying on to fund upgrades and expansions.

Stung by the expiration of federal aid intended to help states balance budgets as they seek to recover from the recession that began in 2008, the final budget is also expected to include another cut in local aid to cities and towns and to call for reduced growth in the rate of spending on education and health care, although special education is one of the few areas in which significant investments appear imminent.

The spending measure, which requires legislative approval, also includes $ 1.1 billion in new school spending; $ 2.5 billion for water quality and water and sewer upgrades; expanded child care tax credits; and new powers for Cuomo, a Democrat, to adjust state spending in the face of federal spending cuts.

The governor, in his speech to business leaders, also made the case for a Washington - style continuing resolution to keep state spending going beyond the April 1 deadline without a settled budget, if there's uncertainty about whether federal aid may be significantly cut.

By doing this one step we would not only cut federal spending (which seems nearly impossible and almost blasphemous for me to utter) but we would also level the playing field some for organic farming to gain more ground in the marketplace and make organic options more available for others.

Sequestration — deep, across - the - board cuts to nearly all federal spending — is a major component of the triple - threat fiscal cliff, which also includes the expiration of both the Bush - era tax cuts and the temporary payroll tax holiday.

Also, while cuts in defense spending are certainly inevitable, to my thinking defense spending is one of the more protected areas of federal expenditures.