Cuts in federal spending on the consolidated program are considered likely.
A long - term Republican budget plan released this week by Representative Paul Ryan of Wisconsin calls for drastic
cuts in federal spending on energy research and development and for the outright elimination of subsidies and tax breaks for wind, solar power and other alternative energy technologies.
Climatology is now synonimous with technology, taxes and tax write offs, the future, education, Green, the New World Order, a Better Future, Ecology, Art, sales, international law, local development, state
cuts in federal spending, national prestiege, and religion, to name but a few.
In addition to his opposition to meaningful action to reduce global warming pollution, Paul Ryan's budget called for «drastic
cuts in federal spending on energy research and development and for the outright elimination of subsidies and tax breaks for wind, solar power and other alternative energy technologies.»
Sequestration: What Southern California Stands to Lose The Southland is bracing for massive
cuts in federal spending at the end of the week, with education and airport officials in particular worried about the impact of the impending reductions.
Is the budget plan, which seeks deep
cuts in federal spending over the next several years, that was approved by the Republican House so overwhelming to Americans they would oppose candidates who support it?
National and local health care officials said
cuts in federal spending to combat the Zika virus means fewer pregnant women will be tested and there will be less money available to develop a vaccine and research how the disease affects fetal brains.
So Weprin has been put on the defensive about Obama's Middle East policy, while Turner appears to have managed to avoid the drawbacks of his party association, and has largely been taken at his word when he says he would buck the House Republicans on an overhaul of entitlement programs, even though he has pushed, at times, for 30 - 35 percent
cuts in federal spending.
Cuts in federal spending have created a fierce job market where every position is highly prized.
Consistent with these reports, the House of Representatives has passed a budget resolution that calls for a more than 8 %
cut in federal spending.
Not exact matches
Poloz indicated
in his statement that the prospect of a big
spending push by the
federal government caused the committee to move away from its intention to
cut interest rates.
The Trump administration already has relied on the House bill's healthcare
spending cuts in its proposed
federal budget.
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.
In addition, $ 100 billion in automatic federal spending cuts will take effect unless Congress act
In addition, $ 100 billion
in automatic federal spending cuts will take effect unless Congress act
in automatic
federal spending cuts will take effect unless Congress acts.
Federal spending cuts scheduled to begin next week would slow economic growth
in the next year, though not nearly as much as going over the fiscal cliff might have, economists say.
The tax
cut and excess
federal spending may boost some areas of the economy, but thus far, it has not produced anything more than a modest boost
in capital
spending (most of it from capital intensive technology companies) but a surge
in stock buybacks and dividend increases, Apple being a case
in point.
If Democrats and Republicans can't find a way to
spend within those limits, the sequester kicks
in, which brings
federal spending under the statutory caps via automatic, across - the - board
cuts.
He would reduce the
federal debt and deficit by
cutting federal spending, nearly
in half.
In the United States, the federal government has traditionally underwritten investment in early stage energy technology, but the White House has proposed cutting that spendin
In the United States, the
federal government has traditionally underwritten investment
in early stage energy technology, but the White House has proposed cutting that spendin
in early stage energy technology, but the White House has proposed
cutting that
spending.
The drop
in spending largely reflects
cut backs
in the
federal government required by the so - called sequester that went into effect
in March.
After inheriting a surplus the government immediately
cut the GST by two points, and
in doing so created a structural deficit and an unsustainable fiscal situation, which then required significant
spending cuts in the 2010, 2011 and 20012 budgets
in order to put the
federal finances back on a sustainable path.
Congressional Republicans — including nearly all of the Texas delegation —
spent the aftermath of Hurricane Sandy insisting that any new funding for hurricane relief had to be offset with
cuts elsewhere
in the
federal budget.
OTTAWA — As Finance Minister Jim Flaherty delivers the
federal budget Thursday
in the House of Commons, the Office of the Parliamentary Budget Officer will deliver arguments
in court seeking clarity on its mandate and more information on the Conservative government's
spending cuts.
Meanwhile, bond king Bill Gross found silliness on the trading floor, Larry Summers did not become the next
Federal Reserve chairman, and U.K. Prime Minister David Cameron called for
spending cuts in a gold - laden throne room — making a bigger fool of himself than millions of tweeters ever could.
And to make matters worse, it's not really a
cut, as a reduction
in spending, but just a
cut in the rate of growth of
federal spending.
A senior Democratic aide said the party's position is that emergency
spending need not be offset by
cuts elsewhere
in the
federal budget, making Pelosi's statement a challenge to Republicans who have insisted that previous aid packages not add to the
federal budget deficit.
Michael Gregory, a senior economist at BMO Capital Markets, likens the burst of tax
cuts and
federal spending to a similar situation early
in the 1960s when John F. Kennedy was president.
The Harper government's 2012 budget called for substantial
cuts to
federal spending on the environment: $ 83.3 million
in 2012 - 13, $ 117.9 million
in 2013 - 14 and, starting
in 2014 - 15, $ 180.5 million per year on an ongoing basis.
The status quo fiscal projection, which assumes no new
spending programs and no new tax
cuts, is now for the
federal books to move into a small surplus
in 2019 - 20, and for the
federal debt to GDP ratio
in 2019 - 20 to be 27 %.
We support a balanced budget, but to do so will require deep
cuts in the mandatory
spending that account for two - thirds of
federal spending — not much smaller discretionary accounts like foreign assistance, which represents less than two - thirds of one percent of the budget.
Cuomo has said he wanted more insight into the
federal government's plans
in terms of potential
cuts to state before setting the state's own
spending priorities.
Cuomo last week blamed the
federal government and potential
cuts from the Republican - led Congress for uncertainty he said at the time could result
in a temporary
spending plan.
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.
What once was shaping up as bare - cupboard exercise
in federal government
cuts is now, relatively speaking, a cup - runneth - over cornucopia of
spending that New York's lawmakers are hailing as a budgetary breakthrough.
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.
Members of the conservative House Freedom Caucus, a formidable bloc
in the House, have said they will not support the budget until they see the tax reform plan and want the resolution to contain more
cuts to
federal spending than the $ 203 billion over a decade that it already contains.
Following a few years of relative fiscal stability thanks to the economic recovery and bank settlements following the financial collapse, New York is staring down a budget deficit of more than $ 4 billion, an amount that could be grow because of
cuts in federal health care
spending and the tax overhaul.
The conservative increase
in outlays is prudent given vicious likely
spending cuts from Washington and a
federal tax plan that could hammer the state's economy.
With President - elect Donald Trump and a newly empowered, Republican - dominated Congress soon taking control of the
federal budget, the potential for substantial
cuts in domestic
spending poses gargantuan challenges for New York state and city budgets.
On Tuesday, the governor warned that «dramatic» budget
spending increases are unaffordable, given threats of
federal funding
cuts in Washington, but he said he'd be willing to agree to «modest» increases.
Only Assemblyman Andy Goodell, a Republican from Jamestown, brought up Part XXX — which contains language on page 269 granting the governor more power to adjust the state
spending plan
in response to
federal cuts.
After weeks of gloomy warnings regarding an impending
federal fiscal cliff, Congress worked at the last minute to avoid the automatic
spending cuts and tax hikes that would have taken effect
in the new year.
As Gov. Andrew Cuomo raises the possibility of an «extender» budget blamed on
federal government - level uncertainty over potential
cuts in spending to the state, the Fiscal Policy Institute has released a report examining the impact of D.C. aid to New York state and local governments.
The $ 4.1 trillion
spending plan calls for steep
cuts in a range of support programs for low - income individuals to balance the
federal government's books over the next decade.
BY DUNCAN OSBORNE While Mayor Bill de Blasio is proposing to increase
spending by roughly $ 2 billion
in the city fiscal year that begins on July 1,
cuts in federal and state support for the city may force the mayor to curtail those plans.
It will slightly
cut overall
spending for the second year
in a row while limiting growth
in state
spending — sans
federal funds — to just under 2 %, Skelos said.
Cuomo has long warned that deep
cuts to
federal health care
spending could rip huge holes
in the state's budget and devastate health care coverage for New Yorkers.
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.
The advocates — whose job is to always say it's not enough — don't recognize the state must to be mindful of
spending in a year when
federal tax policy and
federal healthcare
cuts, among other things must be accounted for because revenue is tight.
At the time, Cuomo did not include any contingency plans for action on the
federal level, such as a repeal of the Affordable Care Act or
cuts in spending that would impact the state, save for a desire to have expanded powers over the budget without the consent of the Legislature — a non-starter with lawmakers.