Sentences with phrase «deficits on economic growth»

Not exact matches

According to the Joint Committee on Taxation, the TCJA would add roughly $ 1 trillion to the federal deficit even when factoring in increased economic growth from the bill.

Ryan was asked on NBC's «Today» show whether the tax bill would increase the deficit or would pay for itself through economic growth.

Office of Management and Budget Director Mick Mulvaney argued earlier this week on CNN's «State of the Union» that increasing the federal deficit is necessary to unlocked the desired economic growth the Trump administration has targeted.

The economy is really being supported — this isn't just in the United States, it's in Japan, the ECB and Britain — the economy is being supported by quantitative easing that is allowing for a massive budget deficit and money printing exercises to go on... As you address the fiscal problems, you are going to have weak economic growth.

WHAT THEY DID: An earlier version of the Senate plan would increase deficits by roughly $ 1 trillion over 10 years, even when taking into account additional economic growth forecast with the tax cuts, the Joint Committee on Taxation said last week.

These two factors are related because the Trump administration is counting on faster economic growth to produce additional tax revenues that could then close the deficit.

The Parliamentary Budget Office (PBO), international organizations and we have argued that the federal government is facing a small structural deficit now but that it will increase rapidly after 2015 due to demographic pressures on potential economic growth and health related spending.

The structural deficit will subsequently grow larger as a result of slowing potential economic growth and pressures on program expenses resulting from an ageing population.

To eliminate the deficit by 2015 - 16, the CCPA assumes that the net impact of these measures will result in higher economic growth and increased employment, resulting in increased revenues to the federal government of about $ 4.5 billion, on average, per year.

Instead, the arithmetic of economic expansion - employment growth plus productivity growth - is already constrained by a 4.6 % unemployment rate and a deficit on current account, and seems unlikely to be helped by the current policy direction, aside from rather short - lived effects.

Minister Flaherty had done an excellent job of pre-conditioning on what to expect: a commitment to eliminate the deficit by 2015 - 16; no new «risky» spending; some funding for infrastructure and skills training; and further restraint measures to offset revenue losses due to slower economic growth in 2013.

Now, as economic growth slows and the country's financial coffers move from surplus to deficit, Angola is rethinking its dependence on «black gold.»

The government has been warned many times that, after 2015, the combination of an aging population and the resulting impact on economic growth and government revenues and expenses will result in ongoing deficits and increasing debts — a fact the Conservatives have failed to acknowledge to date.

The US reported a wider trade deficit on Friday, with a fall in exports likely to trim economic growth estimates for the fourth quarter.

Despite the headline news on India's high deficits and low economic growth, the Indian bonds remain very popular among investors who hunt for yields.

Third, on - going (and possibly higher) structural deficits are acceptable provided they are the result of investments to strengthen economic growth, financed by long - term interest rates low enough to make them affordable.

It is happening because the Chancellor's economic policies have failed catastrophically — on living standards, economic growth and on deficit reduction too.

President underscored two economic pillars with emphasis on jobs and promised to introduce new legislations and policies, which will be intended to achieve sustainable economic growth, develop and expand agriculture, and address our very large infrastructure deficit, with particular emphasis on road construction and the provision of affordable and adequate electricity for all our people.

To cut VAT as the centre piece of a new approach to deficit reduction would send the message that the UK has a lack of confidence in its own growth prospects and that a capacity to flip - flop on economic policy exists.

«The question that we should ask is how can you inherit a budget deficit of 9.3 % of GDP, proceed to reduce taxes, bring down inflation, bring down interest rates, increase economic growth (from 3.6 % to 7.9 %), increase your international reserves, maintain relative exchange rate stability, reduce the debt to GDP ratio and the rate of debt accumulation, pay almost half of arrears inherited, stay current on obligations to statutory funds, restore teacher and nursing training allowances, double the capitation grant, implement free senior high school education and yet still be able to reduce the fiscal deficit from 9.3 % to an estimated 5.6 % of GDP?

They lead Labour by 46 % to 20 % on which party people most trust to cut the deficit, by 34 % to 28 % on encouraging economic growth, by 31 % to 26 % on getting people back into work, but by just 28 % to 27 % on cutting spending in a fair and equal way.

However, we were unconvinced that a Labour government would have done any better, and we were divided about the merits of sticking to plan A — cutting the deficit — versus those of plan B — shifting policy to concentrate more on economic growth.

On the semi-regular question YouGov ask about economic strategy 31 % now think the government should stick to their present strategy of prioritising the deficit, compared to 41 % who think they should concentrate on growth insteaOn the semi-regular question YouGov ask about economic strategy 31 % now think the government should stick to their present strategy of prioritising the deficit, compared to 41 % who think they should concentrate on growth insteaon growth instead.

Dean Skelos doesn't understand this because the Republican record on economic growth is limited to growing the deficit.

Despite the headline news on India's high deficits and low economic growth, the Indian bonds remain very popular among investors who hunt for yields.

1971 Termination of gold / dollar convertability 1973 - 74 Oil crisis 1974 Budget and Impoundment Control Act 1979 Volcker appointed chairman of Federal Reserve 1980 - 82 Early 80s Recession 1981 Omnibus Budget Reconciliation Act 1985 Balanced Budget and Emergency Deficit Control Act 1987 Budget and Emergency Deficit Control Reaffirmation Act 1989 - 92 End of the Cold War 1990 Budget Enforcement Act 1990 - 92 Early 90s Recession 1992 Presidential Election 1993 Omnibus Budget Reconciliation Act 1994 Midterm Elections 1995 - 96 Government Shutdown 1997 Balanced Budget and Taxpayer Relief Act 2001 Economic Growth and Tax Relief Reconciliation Act 2003 Jobs and Growth Tax Relief Reconciliation Act 2001 - present War on Terror 2007 - 09 Financial Crisis 2008 Emergency Economic Stabilization Act 2009 American Recovery and Reinvestment Act

Speaking in Tokyo last week, President Obama extended this problem to its logical conclusion, calling for rebalanced growth and a new U.S. economic strategy based on exports: «One of the important lessons this recession has taught us is the limits of depending primarily on American consumers and Asian exports to drive growth... [our] new strategy will mean that we save more and spend less, reform our financial systems, reduce our long - term deficit and borrowing.

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will also be deficit neutral and focus on economic growth.

«The silver lining for this one is when the government deficit is falling, the government is a drag on the economic growth.