Sentences with phrase «deficit reduction plan for»

That $ 200 million figure is now part of Paterson's deficit reduction plan for the budget even though the state does not have that money yet from the successful bidder.

Yet when we look at the Executive Budget, we see that he as included over $ 800 million in new taxes and assessments on health care and health insurance, including $ 590 million within the Deficit Reduction Plan for the current fiscal year.

Not exact matches

Earlier this summer, President Obama made limiting tax breaks for the wealthy and closing corporate tax loopholes a part of his deficit - reduction plan, though he was unable to rally support from staunch no - tax Republicans as the deadline approached.

The Update incorporates the October average private sector economic forecasts and an increased «adjustment for risk» for 2011 - 12 to 2013 - 14, as well as an increase in employment insurance rates of only 5 cents (employee rate) for 2012, rather than the 10 cents set in legislation As a result, the balanced budget target is delayed from 2014 - 15 to 2016 - 17, prior to the inclusion of the Targeted Strategic and Operating Review Savings (now called «Deficit Reduction Action Plan Saving Target»).

Past achievements include building the case for deficit reduction in the 1980s and early 1990s, for consolidation of the Canada and Quebec Pension Plans in the late 1990s, a series of shadow federal budgets and fiscal accountability reports in that began in the 2000s, and work on marginal effective tax rates on personal incomes and business investment, which has laid the foundation for such key changes as sales tax reform, elimination of capital taxes, and corporate income tax rate reductions.

In order to fulfill the campaign promise of using growth to reduce the deficit, any tax reform plan should be at least revenue neutral before accounting for economic growth, so all the gains from growth can be devoted to deficit reduction.

Where this government's failure on growth and jobs has led to their failure on the deficit, the next Labour government will rise to the challenge: action to strengthen the recovery and our economy for the long - term; alongside a tough deficit reduction plan.

He said the figures showed the British government was «on track in reducing the deficit» and added, referring to the situation in Greece: «On a day like this, in a week like this, for the other side to be saying we abandon our credible deficit reduction plan shows how out of touch they are with what is going on in the world today.»

While the initiative would not see any new money being injected into the system, it tacitly accept the arguments of critics who say the government's deficit reduction programme has no plan for growth.

If approved, the health taxes in the Deficit Reduction Plan and Executive Budget will drive up the cost of health insurance for all Business Council member employers that purchase health coverage — from sole proprietors and small businesses to the largest self - insured companies — yet will provide no additional covered benefits or have any effect on addressing the rising cost of health care.

Clegg wanted Cable to speak in favour of the call not to break from the coalition's agreed deficit reduction plan, with his aides pointing out that the deputy prime minister expected all Lib Dem MPs to turn up for the vote.

He insisted on sticking to Darling's deficit reduction plan and argued that Labour should run for the next general election committed to leaving the current government's cuts to public services in place.

He said his party was getting the «brunt of the blame» for «real anxieties about the deficit reduction plans» in Scotland, Wales and the «great cities of the north».

«I am disappointed that none of our state leaders will move forward with our deficit reduction plan except Ellen Jaffe and for that I commend her courage.

NBC New York asked Pataki if New York voters have the appetite for true deficit reduction, considering they just rejected the upstate Republican who had embraced the House budget plan.

Messrs Huhne, Cable and Clegg may have been respectively difficult for their partners over AV, Beecroft and nearly everything, but they can not be accused of flinching from George Osborne's Plan A. Mr Huhne was a convinced supporter of deficit reduction even before the election.

After months of indicating he wouldn't run for president, Pataki now says his decision depends on whether the other GOP contenders propose a major deficit reduction plan.

His call for a temporary cut in the rate of VAT represents, to his mind, a halfway house between Osborne's deficit reduction plan and Alistair Darling's proposal to halve the deficit over four years.

In a joint press conference with Liberal Democrat Chris Huhne, the Tory chairman branded Labour's economic performance «criminal» and pinned the blame for the deficit reduction plan squarely on the shoulders of the opposition.

This morning's ComRes poll for the Independent shows majority concern even among Tory voters for a pause in the deficit reduction plan.

Alistair Darling's deficit reduction plan was based on decisions and commitments that allowed the recovery to take shape, but ensuring tax increases and spending cuts were fairly balanced, with, for example:

The sight of generous bonus payments as the deficit reduction plan bites and students face crippling university fees would do further damage to Mr Clegg's liberal credentials and play into the Labour account of his role as a «human shield» for the Tories.

This kind of story is probably replicated in all different scales up and down the country and highlights that a strategy of deficit reduction without a plan for growth can create a Japanese - style vicious circle.

Mr Lipsky acknowledged that the deficit reduction plan would «create some headwinds for near - term growth» but added it would «also assist disinflation and thus it can be countered if necessary by looser monetary policy than would necessarily be the case».

George Osborne faced serious questions about his deficit reduction plan after unexpectedly bad figures for July showed public finances plunging into the red.

25 hours of free childcare for working parents, paid for by increasing the bank levy by # 800m a year; having the OBR audit Labour's spending pledges in its next manifesto; repeating a pledge to reintroduce the 10p bottom tax rate and pay for it with a mansion tax; signing up to the government's post-election spending plans but with a «fairer approach to deficit reduction».

Under the deficit reduction plans that Ed Miliband put in Labour's manifesto last year, the biggest reductions in public spending would come this year — so much for the «wrong time».

WASHINGTON (CNN)- President Barack Obama will propose ideas for how the special congressional committee created by the recent debt ceiling deal can reach a deficit reduction plan that exceeds the required $ 1.5 trillion total, a White House spokesman said Wednesday.

WASHINGTON (CNN)- The U.S. House on Tuesday night passed the «cut, cap and balance» deficit reduction plan backed by tea party conservatives but dismissed by President Barack Obama, who offered strong praise for another proposal put together by a bipartisan group of senators.

Though voters in the constituency are on balance pessimistic about prospects for the economy over the next few years, they back the coalition's «Plan A» for deficit reduction by a wide margin.

WASHINGTON (CNN)-- House Majority Leader Eric Cantor said Tuesday that President Barack Obama provided further details of his plans for entitlement reforms at the latest round of deficit reduction talks at the White House.

Responding to the Shadow Chancellor, Alan Johnson, who implied that Eire's deficit reduction plan was an explanation for its difficulties, the Chancellor said that no international actor who had been part of the negotiations over the bailout had argued that Dublin needed to moderate its fiscal adjustment.

Labour defended itself today from claims by the Institute for Fiscal Studies that it had not set out plans to cut the deficit, saying the thinktank's call for a deficit reduction programme stretching to 2016 - 17 was unrealistic.

Janan Ganesh in the FT (#): «Mr Osborne is likely to resist screams to «go for growth» — as though there were some lever that would bring economic vitality if only he would pull it — and prioritise his ailing deficit - reduction plan instead.»

«We have been told for a whole year that we would get Labour's deficit reduction plan.

For the sake of the health of the people — and the Government's deficit reduction plan — reform of the NHS is necessity, not a choice, Bill or no Bill.

Meanwhile, in Albany, Paterson continued to pursue his deficit - reduction plan to address a $ 3.2 billion shortfall for the remaining four and a half months of this fiscal year.

Labour is in an impossible position over spending plans: if they match them, they lose the ability to set out a robust criticism of the government's deficit reduction programme, but if they reject them David Cameron and George Osborne will attack them for planning to increase spending.

Washington (CNN)-- Republican Sen. Tom Coburn, R - Oklahoma, is pulling out of so - called «Gang of Six» bipartisan negotiations for now — dealing a potentially fatal blow to the group that has been working intensely for some five months to find agreement on a deficit reduction plan.

«His big state vision ill equips Mr Miliband for his biggest challenge as incoming leader: how to respond to the coalition's deficit - reduction plans.

Tomorrow he must deliver both the strategy and the words to convince people that he has a plan for prosperity as well as for deficit reduction.

The legislation, which had overwhelming bipartisan support in both the U.S. House of Representatives and the Senate, requires the president to detail how the administration will implement the $ 1.2 trillion in sequestration cuts to domestic and defense programs scheduled for the start of 2013 if Congress is unable to agree on another deficit - reduction plan before the end of the year.

The bipartisan congressional supercommittee's failure to negotiate a national deficit reduction plan triggers automatic, across - the - board spending cuts that will have devastating consequences for schools and students already reeling from deep education cuts at the state level.

Just days shy of its December 13 deadline, a bipartisan congressional committee charged with developing a long - term budget solution agreed on a two - year plan (PDF) that addresses sequestration cuts, establishes top - level budget amounts for FY14 and FY15, and allows both Democrats and Republicans to continue negotiating a deficit reduction plan.

The agreement postpones sequestration cuts for two years, which gives Congress time to continue negotiating a more permanent deficit reduction plan that doesn't involve sweeping, across - the - board cuts to government programs.

The government is planning to sell spectrum and raise capital to fund the first - responder public safety wireless network and for deficit reductions.

In a move that many of us in the life insurance business have been warning about for years, the President's National Commission on Fiscal Responsibility and Reform (nicknamed the Deficit Reduction Commission, or DRC), completed its work without a formal vote on the deficit reduction plan coauthored by the Commission's two co-Deficit Reduction Commission, or DRC), completed its work without a formal vote on the deficit reduction plan coauthored by the Commission's two cReduction Commission, or DRC), completed its work without a formal vote on the deficit reduction plan coauthored by the Commission's two co-deficit reduction plan coauthored by the Commission's two creduction plan coauthored by the Commission's two co-chairs.

«This is in sharp contrast to H.R. 1, which, under the guise of deficit reduction, pushes an extreme ideological agenda, including the complete elimination of the national family planning program as well as prohibiting Planned Parenthood from receiving federal funds for preventive health care, including lifesaving cancer screenings, breast exams, birth control, and STD testing and treatment, including HIV testing.

On Dec. 1, 2010, the bipartisan deficit - reduction commission, appointed by President Obama, released its final plan for cutting the U.S. deficit — which included suggestions to pare back the mortgage interest deduction.