Sentences with phrase «deficit over the next decade»

The Republican tax bill would add $ 1 trillion to the federal deficit over the next decade, according to an analysis by the Joint Committee on Taxation.

On top of that, Trump's proposed budget could add a projected $ 5.7 trillion to the deficit over the next decade.

The new tax law is expected to add $ 1.9 trillion to the deficit over the next decade.

JPMorgan Chase (JPM) CEO Jamie Dimon said that tax reform will probably add $ 1 trillion to the U.S. deficit over the next decade, but the benefits will far outweigh the cost.

Academic lobbyists have vociferously complained about sequestration, created under a 2011 law aimed at shrinking the federal deficit over the next decade.

The reduction, required by the failure of policymakers to abide by the terms of a 2011 law designed to reduce the federal deficit over the next decade, reduced the lab's budget this year by $ 100 million, to $ 1.5 billion.

The GOP's tax overhaul may give a shot of adrenaline to the economy in the short term but will lead to bigger budget deficits over the next decade, InvestmentNews writes in an editorial.

Not exact matches

In a commentary in The Wall Street Journal this week, former vice president of the Federal Reserve Alan Blinder writes that Trump's tax cut plans — the largest of all the presidential candidates — would cost the nation $ 9.5 trillion over the next decade, which in turn would make the budget deficit balloon to ruinous effect.

Over the next decade, America's credit standing is likely to remain top - of - the - line — despite a wave of debt and deficits dwarfing almost anything experienced by a major industrialized nation.

First, many members of Congress are citing growth estimates consistent with your letter to claim that the tax cuts would pay for themselves and that the legislation being considered by Congress would not add to the deficit or debt over the next decade.

The Congressional Budget Office released a report on Friday that said a repeal of the Affordable Care Act (ACA), over the next decade, would «probably increase budget deficits with or without considering the effects of macroeconomic feedback.»

CBO's newest baseline shows a worse picture than its previous projections, with deficits and debt rising over the next decade even faster than previously predicted.

It's likely that this deficit will widen over the next few years and, unless many billions of dollars are spent soon, the world is facing the prospect of a significant shortage of oil in the early years of the next decade.

The left - leaning Citizens for Tax Justice have asserted that the plan will cost $ 12 trillion to the U.S. economy over the next decade, and the more conservative Tax Foundation has suggested that the cuts will contribute $ 10 trillion to the federal deficit over the same period.

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 tax plans in Congress are projected to raise budget deficits by $ 1.5 trillion over the next decade.

According to details of the budget provided by a White House official, it will aim to reduce the deficit by $ 1.8 trillion over the next decade through tax increases and a plan to decrease the growth in Social Security spending.

Rep. Toni Walker, D - New Haven and co-chairwoman of the legislature's powerful appropriations committee, said the proposal, cobbled together with input from both Republicans and Democrats, represents a significant step toward closing a $ 3.5 billion deficit over the next two years and righting the state's wobbly finances for decades to come.

However, he supports the tax reform bills before Congress which will increase the federal deficit by $ 1,500,000,000,000, and probably more, over the next decade.

Brown also criticized the bill for increasing the federal deficit by $ 1.5 trillion over the next decade, a measure Cuomo said was part of a calculated Republican strategy.

A 2012 report by the President's Council of Advisors on Science and Technology (PCAST) predicts that the U.S. workforce will suffer a deficit of one million college graduates in science, technology, engineering, and mathematics (STEM) over the next decade (1).

This would reduce the deficit by more than $ 400 billion over the next decade, and bring this spending — domestic discretionary spending — down to the lowest share of our economy since Eisenhower was president.

In an age of soaring deficits, it would also have reduced the nation's red ink by $ 19 billion over the next decade.