Sentences with phrase «federal budget deficit»

It changes numerous deductions and tax breaks and is expected to add $ 1 trillion or more to federal budget deficits over a decade, according to congressional estimates.

«The huge federal budget deficit is likely to push up borrowing costs and raise inflation well above 2 percent,» he said.

And late last year, the Republican tax cut was enacted that will add more than $ 1 trillion to federal budget deficits over a decade.

The broader economic payback is more impressive: Although implementing the legislation would cost $ 22 billion in the first 10 years — and between $ 20 billion and $ 25 billion in the next 10 years — it would reduce federal budget deficits by at least $ 700 billion in the next 10 to 20 years.

But several conservative Republicans, including Harris, believe the debt ceiling should be raised only if it comes with spending controls to reduce federal budget deficits.

The GOP bill including some changes would increase federal budget deficits by $ 1.7 trillion over 10 years, according to Joint Committee on Taxation estimates shared by the nonpartisan Congressional Budget Office.

Those who objected say the charitable giving incentives would help inflate an already large federal budget deficit.

Practitioners who must deal with buyers» dismay over ever - increasing municipal taxes and decreasing services know the true cost of federal budget deficits, which trickle down to already strapped state budgets.

Washington (CNN)- Polls show that Americans are concerned about federal budget deficits.

All of the major federal agencies that it relies on for research grants — including the National Science Foundation, the Department of Defense, NASA, and the National Oceanographic and Atmospheric Administration — are feeling the squeeze of shrinking spending in an effort to control the ballooning federal budget deficit.

This financed the domestic U.S. federal budget deficit, which stems largely from the war in Iraq that most foreign voters oppose.

These include: For decades now, year - on - year federal budget deficits have resulted in an out - of - control federal debt load, which represents a clear and substantial danger to current and long - term viability and stability of our Republic.

Q: Will Congress» approval of trillion - dollar federal budget deficits this year and next and perhaps into the future be good for the economy?

Normally, a serious bout of inflation would result when you have massive federal budget deficits and the Federal Reserve essentially creating money out of thin air like we have.

Forecasters tended to overestimate the drag from federal budgets deficits during the late 1980s, the banking crisis in the early 1990s, and most of the subsequent crises that we faced during the past two decades.

Fiscal policy has become more expansionary over the past year, with the recent fiscal package contributing to an estimated federal budget deficit of just over 4 per cent of GDP this year, up from around 1 1/2 per cent in 2002.

-- Most Americans polled think federal budget deficits can be reduced by cutting unnecessary / wasteful spending.

The law increases the current federal budget deficit by about $ 1 trillion, according to the Congressional Budget Office.

[E] very realistic observer knows that closing our humongous federal budget deficit will require a mix of higher taxes and lower spending as shares of GDP.

Mortgage interest rates are expected to rise, too, as the already tight labor market constricts further and as federal budget deficits grow, further dampening the market.

The disproportionate concern over inflation stems from a misunderstanding, a paranoia really, about the importance of the short - term federal budget deficit and the long - term federal debt problem.

If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years — reaching the highest level of debt relative to GDP ever experienced in this country.

For the government sector, large federal budget deficits are a constraint and fiscal policy is slowly shifting from an expansive policy back toward restraint.

Democrats call the plan a giveaway to corporations at the expense of the middle class, expressing concerns about the $ 1 trillion or more it is projected to add to federal budget deficits over a decade.

Growth in central bank reserves and sovereign - country funds has taken the form of recycling of dollar inflows into new purchases of U.S. Treasury securities — thereby making foreign central banks (and taxpayers) responsible for financing most of the U.S. federal budget deficit.

For decades now, year - on - year federal budget deficits have resulted in an out - of - control federal debt load, which represents a clear and substantial danger to current and long - term viability and stability of our Republic.

«The large 2001 Bush tax cuts, for example, fueled income inequality while triggering huge federal budget deficits.

According to the model, even with a high amount of economic growth, the federal budget deficit would increase at least $ 1.5 trillion over the plan's first 10 years.

Low rates could also help shrink the federal budget deficit by easing the government's borrowing costs and generating tax revenue from stronger growth, Bernanke argued.

But paying for those priorities, on top of the new GOP tax law, would likely add to the federal budget deficit, said Womack.

These measures will almost certainly balloon the federal budget deficit, which will put upward pressure on inflation during a time of low unemployment.

Brazil's recent presidential election increased investor doubts about President Rousseff's commitment to overhaul policies that have seen a widening of the county's federal budget deficit.

According to Congressional Budget Office estimates, enacting the bill would shrink the federal budget deficit by $ 175 billion by 2020, lift GDP by 5.4 % over the next 20 years, increase national productivity, balloon the workforce by about 5 % by 2033, raise the return on capital, and (although the CBO didn't put it this way) create a $ 46 billion windfall for entrepreneurs supplying security operations along the U.S. southern border.

Eliminating the state and local tax deduction would raise about one - quarter of the $ 4 trillion in revenues that some Republicans say they need to prevent tax cuts from creating a massive increase in the federal budget deficit.

Others, like Sens. Jeff Flake and Bob Corker, wavered over the amount by which the bill is expected to raise the federal budget deficit.

Democrats call the Republican proposal a giveaway to corporations at the expense of the middle class, issuing dire warnings about the $ 1 trillion or more it is projected to add to federal budget deficits over a decade.

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.

And, thanks to the new tax law, it is plausible that the federal budget deficit could double to $ 1.25 trillion in the fiscal year that begins in October.

The bottom line is that after the prolonged tax giveaway exacerbates the federal budget deficit — along with the balance - of - payments deficit — we can expect the next Republican or Democratic administration to step in and «save» the country from economic emergency by scaling back Social Security while turning its funding over, Pinochet - style, to Wall Street money managers to loot as they did in Chile.

Chapman expects it will develop into a prolonged recession caused largely by the bursting of the housing bubble and the weakness in the dollar attributable to the United States» large federal budget deficit and international trade imbalance.

Michael Arone warns poorly timed tax cuts, the increasing federal budget deficit and a more variable cost of capital may pose significant risks to the economy.

The congressional Joint Committee on Taxation analysis showed the Senate plan would add $ 1 trillion to the federal budget deficit.

OPEC officials also point to a political motive: They resent America's military intrusion in the Middle East, especially in view of how much it contributes to the nation's balance - of - payments deficit and federal budget deficit.

It also includes cuts to non-defense spending designed to lower the federal budget deficit by more than $ 3 trillion over the next decade.

would roll back the Republican plan after two years if promised economic growth does not materialize and the federal budget deficit continues to expand.

The national debt is the total amount owed by the government and should not be confused with the federal budget deficit, the annual amount by which federal spending exceeds revenue.

The Tea Party wants a reduction in spending, taxes, the national debt, and the federal budget deficit.

Premiums for the most popular health insurance plans would shoot up 20 percent next year, and federal budget deficits would increase by $ 194 billion in the coming decade, if Trump carried out his threat to end certain subsidies paid to insurance companies under the Affordable Care Act, the Congressional Budget Office said.