Although reconciliation is often
used for deficit reduction, it is technically allowed to either decrease or increase the deficit over the time period covered by the budget resolution.
Tomorrow he must deliver both the strategy and the words to convince people that he has a plan for prosperity as well
as for deficit reduction.
But we are told that «corporate welfare» — mainly support for businesses to invest, for green investment, and tax credits — should be the
focus for deficit reduction.
First elected in 2013, Day inherited an agreement with the state that included a $ 96.4 million borrowing
plan for deficit reduction and agreement for oversight by the state comptroller's office.
Ironically, it was by not sticking to his
targets for deficit reduction that George Osborne has helped to create more favourable conditions for recovery.
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.
Sen. Chuck Schumer insisted today that the odds will
improve for a deficit reduction deal next year, despite the presence of a knock - down, drag - out political battle for control of both Congress and the White House.
And this year in Glasgow it will be conference that decides on our economic policy (including the
strategy for deficit reduction), tax policy (and, most totemically, whether to return to a top 50p - in - the - pound tax rate) and nuclear defence policy again.
In a joint press conference with Liberal Democrat Chris Huhne, the Tory chairman branded Labour's economic performance «criminal» and pinned the
blame for the deficit reduction plan squarely on the shoulders of the opposition.
The statement from Moody's confirming Britain's downgraded credit rating highlighted the problems the weak medium - term economic outlook
poses for deficit reduction plans.
Though voters in the constituency are on balance pessimistic about prospects for the economy over the next few years, they back the coalition's «Plan A»
for deficit reduction by a wide margin.
As well as being the right thing to
do for the deficit reduction agenda, the party politicos will be very pleased it puts Labour under more pressure in the run - up to 2015.
Labour defended itself today from claims by the Institute for Fiscal Studies that it had not set out plans to cut the deficit, saying the thinktank's
call for a deficit reduction programme stretching to 2016 - 17 was unrealistic.
The Coalition (and Cable too, if we take him at his word) is committed to its existing
parameters for deficit reduction, and everything that falls within them — the proposals for infrastructure investment or for supply - side reform — would still be subject to the same internal horse - trading that goes on now.
It borrowed $ 96.4 million
for deficit reduction earlier this year, but had to agree to oversight by the state Comptroller's Office to pursue the loan.
Should Congress choose to use the mortgage deduction as
fodder for deficit reduction, they risk throwing the economy into free fall and stopping the housing market short in the middle of its shaky recovery.
Britain faced the prospect of a reduction in its credit rating today, after the IMF predicted George Osborne would break his
target for deficit reduction.
Retoxified already, a Conservative Party specifically targeting the most vulnerable as the
scapegoats for deficit reduction is not a brand with which progressives should want to be associated.
The parties agree that a
plan for deficit reduction should be set out in an emergency budget within 50 days of the signing of any agreement; the parties note that the credibility of a plan on deficit reduction depends on its long - term deliverability, not just the depth of immediate cuts.
There is no point in complaining about Vince Cable's annual left - leaning speech to the Liberal Democrat conference - the crude jokes about bankers, the re-plugging of his beloved mansions tax, the way in which support
for deficit reduction is wrapped up in the garnish of social democracy, with Bevin, Cripps and Roy Jenkins prayed in aid.
«The point we're making today is that even before the Conservatives get to plans
for deficit reduction, they've got to explain their way through another # 34bn worth of credibility gap.»
The government is planning to sell spectrum and raise capital to fund the first - responder public safety wireless network and
for deficit reductions.