Sentences with phrase «federal deficit in»

is deficit neutral, largely due to a Senate rule that prohibits major bills from adding $ 5 billion to the federal deficit in any of the five decades following its enactment.

Cutting this engine of growth is the absolute least productive way for the Congressional super committee to reduce the federal deficit in the coming years.

U.S. Senate Republicans, abandoning a key fiscal doctrine, agreed to move forward on a budget that would add to the federal deficit in order to pave the way for a $ 1.5 trillion tax cut over the next 10 years.

They advocate advancing the date for eliminating the federal deficit in 2014 - 15.

Hefty federal deficits in Canada and the United States pose a significant threat to fundamental, basic research as some policymakers seem to value near - term, industry - focused science more highly.

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.

In his first term, Bush won passage of tax cuts that helped swing the federal budget from surpluses to deficits.

In the Vietnam War era the government's rapid increase of the federal deficit began the inflation cycle that peaked in the late»70In the Vietnam War era the government's rapid increase of the federal deficit began the inflation cycle that peaked in the late»70in the late»70s.

Thirteen months later, with Canadians staring at a $ 56 - billion crater in the government's finances, the minister got testy with reporters who were asking for his response to a report from the Parliamentary Budget Office that predicted a federal deficit of nearly $ 20 billion in 2013 - 14.

Through a combination of $ 1 billion from the sale of GM shares, a $ 2 billion reduction in the contingency fund and $ 1.8 billion taken out of Employment Insurance (a holdover from Budget 2014), the federal government was able to turn a modest deficit into a $ 1.4 billion surplus.

Morneau can risk expanding the deficit because the federal government's debt - to - GDP ratio is a relatively paltry 30 %, about half of what it was in the 1990s when Canada faced a fiscal crisis.

If the new administration really wants to restore U.S. manufacturing, fix the trade deficit, and boost innovation, it should leverage the best ideas that come from federal research programs and invest in funding the next big thing.

U.S. budget: The group expects continued improvement in the federal deficit, which it sees shrinking to $ 460 billion next year from $ 483 billion in fiscal year 2014

The White House has yet to spell out how much of a hole the tax cuts could create in the federal budget, maintaining that the resulting economic growth would reduce — if not eliminate — the risk of a soaring deficit.

He would reduce the federal debt and deficit by cutting federal spending, nearly in half.

«Public - sector spending — a strong, steady contributor to the economy over the past decade — is now being curtailed as federal and provincial governments try to bring deficits under control,» the Conference Board of Canada noted in a recent forecast.

But in a recent report, the Congressional Budget Office identified another, more unexpected variable: the impact on the federal deficit.

Fink said a corporate rate as high as 27 percent could satisfy U.S. businesses» need for tax relief, while avoiding an increase in the federal deficit.

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.

Hungry for legislative victory after repeated failures in their push to overturn Obamacare, many Republicans are now willing to accept a tax plan that raises the federal deficit, a fact that bothers some deficit hawks.

Republicans in the U.S. House of Representatives forged ahead on Tuesday with legislation to reshape the federal tax code, while a top credit - ratings agency said the bill would balloon the budget deficit and give only a temporary boost to the economy.

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 effecIn 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 effecin 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 effecin turn would make the budget deficit balloon to ruinous effect.

The Congress faces an array of policy choices as it confronts the challenges posed by the amount of federal debt held by the public — which has more than doubled relative to the size of the economy since 2007 — and the prospect of continued growth in that debt over the coming decades if the large annual budget deficits projected under current law come to pass.

While most of his proposals — «to abandon the gold standard, let international exchange rates float, use federal surpluses and deficits as macroeconomic policy tools that could counter cyclical trends, and establish bureaus of economic statistics (including a consumer price index) in order to facilitate this effort» — are now conventional practice, his critique of fractional - reserve banking still «remains outside the bounds of conventional wisdom» although a recent paper by the IMF reinvigorated his proposals.

Finance Minister Jim Flaherty, Treasury Board President Tony Clement and International Trade Minister Ed Fast are expected to retain their portfolios, according to government sources, as the Conservatives work to eliminate the deficit, re-engineer the public service and conclude major trade agreements in time for the 2015 federal election.

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.

In 1994 - 95, the federal deficit was 4.7 % of GDP.

However, even when the federal government ran surpluses in the late 1990s, our current account deficit continued to increase.

Even when announcing in November that the federal deficit would come in at $ 26 billion, $ 5 billion higher than predicted in the 2012 budget, the minister couldn't resist gloating: «Unlike many of Canada's counterparts in the G7, we remain on track to return to balanced budgets over the medium term.»

Twin Deficits, Twenty Years Later, Federal Reserve Bank of New York Current Issues in Economics and Finance, 12, no. 7 (October).

But with provincial deficits swelling from coast to coast this year, and rising health care costs expected to ravage provincial coffers in the coming decades, federal figures are starting to paint an increasingly misleading portrait of Canada's government debt situation.

However, a budget deficit that takes the form of transfer payments to banks, as in the case of the post-September 2008 bank bailout, the Federal Reserve's $ 2 trillion in cash - for - trash financial swaps and the $ 700 billion QE2 credit creation by the Federal Reserve to lend to banks at 0.25 % interest in 2011, has a different effect from deficits that reflect social spending programs, Social Security and Medicare, public infrastructure investment or the purchase of other goods and services.

The federal government disclosed a larger - than - expected trade deficit and the dollar fell in value.

In absolute terms, the deficit will be at an all time record high, thereby exposing the federal government to interest rate fluctuations.

While I understand that the NDP must feel intense pressure to capture votes — including from people who have never taken a course from John Smithin — I often wish that the NDP would show a bit more policy leadership on the issue of the deficit and debt. I was particularly disappointed during the 2008 federal election campaign when Mr. Layton stated, unequivocally, that the NDP would not run a deficit in the following year if elected (even though it was clear that Canada was entering a recession).

With the onset of the 2008 - 09 recession and the subsequent G20 agreement for countries to introduce temporary stimulus spending equivalent to 2 percent of GDP, the federal deficit ballooned to $ 55.6 billion in 2009 - 10; $ 33.0 billion in 2010 - 11; $ 26.3 in 2011 - 12; $ 18.4 billion in 2012 - 13 and $ 5.2 billion in 2013.14.

The provision can not increase the federal deficit at some point in the future, beyond the typical 10 - year «budget window» that is used to evaluate legislation.

For the first three months of fiscal year 2011 - 12, the federal government posted a deficit of $ 5.5 billion, down $ 1.7 billion from the $ 7.2 billion reported in the same period in 2010 - 11.

And despite recent declines in oil prices, the federal deficit will be eliminated in 2015 - 16 and possibly even one year earlier.

In 1994 - 95, the federal deficit stood at $ 36.6 billion, or 4.8 per cent of GDP.

Former federal minister Jason Kenney is newly installed in the legislature as United Conservative opposition leader, and should he win, as widely expected, he says he would set the province on a more aggressive fiscal reordering, eliminating deficits one year more quickly.

Any government, federal or provincial, with a deficit is in serious political difficulty.

If the bill does not meet the budget resolution's instructions to reduce the federal deficit, any provision that results in either increased spending or decreased revenue is removed until it does meet those targets.

As shown in previous studies (www.3dpolicy.ca), the federal government has a relatively small structural deficit.

In summary, we believe that the Institute's fiscal projections understate the magnitude of the federal deficit and that the some of the proposed restraint measures are unrealistic and will not yield their estimated savings.

In the February 2014 Budget, the federal government forecast a deficit of $ 16.6 billion.

For the first eleven months of fiscal year 2017 - 18, the federal government recorded a deficit of $ 5.6 billion, compared to a deficit of $ 11.5 billion for the same period in 2016 - 17 — an improvement of $ 5.9 billion.

Finance Minister Joe Oliver's only job strategy is to hope for a recovery in the U.S. Apparently, he believes there is nothing the federal government can do to strengthen domestic demand and job creation, except to stick to its plan to eliminate the deficit by 2015 - 16.

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.

Reining In Rates O'Neil, one of the managers of the $ 26 billion Fidelity Total Bond Fund, said rising bond yields could be reined in by at least three forces: Federal Reserve Chair Janet Yellen's commitment to a very gradual program of rate hikes, the traditional aversion to budget deficits by the Republican - controlled Congress, and buying by overseas investors who may use the recent jump in rates to snap up more TreasurieIn Rates O'Neil, one of the managers of the $ 26 billion Fidelity Total Bond Fund, said rising bond yields could be reined in by at least three forces: Federal Reserve Chair Janet Yellen's commitment to a very gradual program of rate hikes, the traditional aversion to budget deficits by the Republican - controlled Congress, and buying by overseas investors who may use the recent jump in rates to snap up more Treasuriein by at least three forces: Federal Reserve Chair Janet Yellen's commitment to a very gradual program of rate hikes, the traditional aversion to budget deficits by the Republican - controlled Congress, and buying by overseas investors who may use the recent jump in rates to snap up more Treasuriein rates to snap up more Treasuries.