Sentences with phrase «federal deficits by»

The Congressional Budget Office estimated late Friday that the revised measure would increase federal deficits by $ 1.455 trillion over 10 years, a projection that's slightly higher than for the version Corker opposed previously.

The Congressional Budget Office and the Joint Committee on Taxation have estimated the bill would slash federal deficits by $ 337 billion between 2017 - 26.

New York (CNNMoney.com)- Congressional budget scorekeepers said that a grab - bag bill of spending and tax measures to be taken up this week would increase federal deficits by $ 134 billion over a decade.

Under current law, the individual mandate and its associated penalties increase federal deficits by encouraging people to obtain subsidized coverage — through Medicaid, the health insurance marketplaces established under the ACA, or employment - based plans (which receive indirect subsidies to the extent that premiums for that coverage are excluded from taxable compensation).

CBO and JCT estimate that enacting the legislation would reduce federal deficits by $ 337 billion over the 2017 - 2026 period.

According to a new report from the Joint Committee on Taxation, the House GOP tax reform bill — the Tax Cuts and Jobs Act (TCJA)-- would increase the federal deficit by $ 1.487 trillion over the 10 years after it is implemented.

The Penn model found that the bill would increase the federal deficit by $ 1.327 trillion over the first 10 years after it becomes law (not including debt - service costs).

Under the Senate's «budget reconciliation» rules, the tax legislation can increase the federal deficit by $ 1.5 trillion over the next 10 years — and not a dollar more.

The recently passed tax cuts could increase the Federal deficit by around $ 200 billion this year, adding to the supply of bonds.

«She is encouraged that the Congressional Budget Office says the American Health Care Act will lower premiums by 10 percent, reduce the federal deficit by $ 337 billion, and lower taxes by $ 883 billion, providing significant tax relief for middle - income families and small business owners.

The CBO also says the bill would reduce the federal deficit by $ 119 billion.

However, he supports the tax reform bills before Congress which will increase the federal deficit by $ 1,500,000,000,000, and probably more, over the next decade.

Brown also criticized the bill for increasing the federal deficit by $ 1.5 trillion over the next decade, a measure Cuomo said was part of a calculated Republican strategy.

The CBO analysis of Waxman - Markey found that the bill would reduce the federal deficit by $ 9 billion by the year 2019.

The CBO analysis of a similar bill proposed by Senators Kerry and Boxer found the bill would reduce the federal deficit by $ 21 billion by 2019 and «would not increase the deficit in any of the four 10 - year periods following 2019.»

The Joint Committee on Taxation estimates the one - year extension would increase the cumulative federal deficit by $ 12.2 billion over the next 10 years.

Not exact matches

The Republican tax bill would add $ 1 trillion to the federal deficit over the next decade, according to an analysis by the Joint Committee on Taxation.

By transferring to the private sector ownership of Canada Post, the federal government can eliminate a major drain on public finances and move closer to the goals of eliminating the fiscal deficit and paying down public sector debt.

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.

Canada's new Federal Balanced Budget Act allows for budgetary deficits when a recession is «has occurred, is occurring or is forecast» — a condition met by TD's recession projections.

And all of them argue that the proposed tax cuts, estimated to reduce federal revenue by more than $ 1.4 trillion, won't increase federal deficits, an assertion that's been contradicted by Congress's official tax scorekeeper.

For starters, Prime Minister Stephen Harper has promised to fight the federal deficit, expected to reach $ 56 billion by fiscal year - end, with «fiscal discipline» instead of tax increases.

Many of the CEOs were worried that the federal government is projecting an $ 85 - billion deficit by the spring of 2013.

Most outside economic analyses say the type of tax cuts being promoted by Trump would likely fuel even larger deficits for a federal government already projected to see its debt steadily rise.

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

Next week, he will plunge the federal government into deficit, recognizing the unique opportunity presented by ultra-low interest rates to renovate the infrastructure that supports Canada's economy.

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.

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

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.

CBO and JCT estimate that enacting this legislation would reduce the cumulative federal deficit over the 2017 - 2026 period by $ 321 billion.

The PBO believes that the federal government has a better than 60 per cent chance of eliminating the deficit by 2015 - 16, 70 per cent or better by 2016 - 17, and a 75 per cent chance or better by 2017 - 18.

Every federal dollar should be leveraged by partnering with state and local governments, and, where appropriate, tapping into private sector investment, to permanently fix the infrastructure deficit.

By 1997 - 98 the deficit had been eliminated and the federal government then ran surplsuses for the next nine years.

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.

Posted by Nick Falvo under aboriginal peoples, Balanced budgets, child benefits, Child Care, corporate income tax, CPP, debt, deficits, early learning, economic thought, federal budget, fiscal federalism, fiscal policy, homeless, housing, income distribution, income support, income tax, Indigenous people, inequality, labour market, macroeconomics, OECD, Old Age Security, poverty, privatization, public infrastructure, public services, Role of government, social policy, taxation, women.

Posted by Nick Falvo under Bank of Canada, budgets, China, Conservative government, deficits, economic crisis, economic growth, employment, exchange rates, federal budget, fiscal policy, global crisis, household debt, IMF, interest rates, labour market, macroeconomics, manufacturing, monetary policy, recession, stimulus, unemployment.

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.

The Federal Reserve Board could always respond by switching the printing presses to overdrive and monetize even more of Washington's deficit than it is already doing.

Canada's economy will not fully recover until 2013 and the federal government will carry a structural budgetary deficit of C$ 19 billion ($ 17.6 billion) after the crisis, a report by the parliamentary budget officer said on Monday... «PBO calculations continue to suggest that the budget is not structurally balanced over the medium term,» the report said.

Under the Harper government, there have been eight years of deficit and the federal debt has been increased by $ 157 billion.

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 Treasuries.

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.

This policy action eliminated a $ 13 billion surplus left by the previous government, created a structural deficit at the federal level, and an unsustainable long - term fiscal situation for the federal government.

After inheriting a surplus the government immediately cut the GST by two points, and in doing so created a structural deficit and an unsustainable fiscal situation, which then required significant spending cuts in the 2010, 2011 and 20012 budgets in order to put the federal finances back on a sustainable path.

Following the October 2010 Update, both the PBO and the International Monetary Fund (IMF)[5] forecast that the federal government would still be in deficit in 2015 - 16, by $ 11.0 billion and $ 5.4 billion, respectively.

In the 2006 Budget, the government promised to reduce the deficit by $ 3 billion per year; to reduce the federal debt - to - GDP ratio to 25 per cent by 2012 - 13; to eliminate the total government sector debt (which includes the federal, provincial and local governments as well as the Canada and Quebec pension plans) by 2021; and finally, to keep the growth in program expenses below the rate of growth in nominal GDP.

I'm not sure how Obama thinks he can smooth this one by all Federal taxpayers outside of the State of Illinois (which itself is running something like an admitted $ 21 billion budget deficit).

Posted by Nick Falvo under Bank of Canada, banks, budgets, Conservative government, consumers, deficits, economic growth, economic models, economic thought, employment, Europe, exchange rates, federal budget, fiscal policy, household debt, housing, inflation, interest rates, monetary policy, oil and gas, prices, Role of government, social indicators, tar sands, US.

Instead of using it to reduce the federal public debt, the government used it to cut the GST by two percentage points, thereby creating a structural deficit in advance of the financial meltdown in 2008.