Not exact matches
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.
The
deficit reduction plan in 2010 was the right thing
at the time, but the UK is now entering a «new phase», which will be judged by «a different set of parameters», new Chancellor Philip Hammond tells the Today programme.
The Osborne Treasury and the Government in toto remain wedded to «
Plan A»: to eliminate the structural
deficit at an accelerated pace with an unbalanced mixture of spending
reductions (80 %) and tax increases (20 %).
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.
That would be because Lipsky, who became acting managing director of the IMF after the resignation of Dominique Strauss - Kahn, recently stood next to Osborne
at the Treasury to endorse the chancellor's
deficit reduction plan.
Speaking
at Bloomberg, he insisted that the Government's
deficit reduction plan is «economically unsafe» and accompanied his forecast with vivid imagery:
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.
Cuomo,
at a cabinet meeting today, said he had not reviewed the multi-year
deficit reduction plan announced by the president.
Washington (CNN)- Senate Majority Leader Harry Reid dismissed a recent GOP
deficit reduction plan Thursday, saying it isn't a serious attempt
at compromise despite the tax increases it includes.
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.