Sentences with phrase «increasing federal budget deficits»

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.

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.

As to threats from the administration of President Donald Trump, de Blasio said Trump's tax law favors wealthy individuals and that it increases the federal budget deficit.

Not exact matches

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.

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 bBudget 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 bbudget 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.

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.

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 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.

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.

The new federal budget plan matters and is increasing defense and nondefense spending to the tune of $ 300 billion, which would put the fiscal year 2019 deficit at over $ 1 trillion or 6 % of gross domestic product (GDP).

They argue that, since 2009, the federal government's plans to balance the budget have been based on «risky projections, optimistic forecasts of revenue growth and unrealistic plans for spending restraint», which have resulted in increases in the projected deficit with each successive budget, and the pushing out of the date that the deficit would be eliminated.

The federal government is not confronted with a short - term fiscal crisis but it is facing a stubborn medium - term structural deficit that will prevent you from balancing the budget by 2015 - 16, without new expenditure cuts and / or tax increases.

Yet Republican deficit hawks are balking at an increase in federal spending after the recent passage of the tax reform plan and 2019 fiscal year budget.

As the budget deficits of the federal, state and local governments increase, the possibility of taxing church property also rises — despite the long history of tax exemption.

The New York State Educational Conference Board, a coalition of state education organizations, is calling for a $ 2 billion increase in school aid in the 2018 - 19 state budget, despite a looming deficit and uncertainty over federal spending.

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.

While I am against raising taxes in general, if taxes need to be raised to create jobs, balance the budget and lower the deficit then those increases need to be done at the federal level and on the wealthiest Americans, not the middle class.

WASHINGTON (AP)-- The House moved swiftly early Friday to reopen the federal government and pass a $ 400 billion budget deal, overcoming opposition from both liberal Democrats and tea party conservatives to endorse enormous spending increases despite looming trillion - dollar deficits.

According to the Department, the requested 15 percent reduction would «provide significant resources to support CTE programs while also maintaining the fiscal discipline necessary to support the President's goal of increasing support for national security and public safety without adding to the Federal budget deficit.»

He does support cutting down on the federal budget (meaning federal education programs); for instance, he once complained, «An increasing deficit and an ever - growing 19 trillion dollar national debt, despite a volley of tax increases, prove this administration is committed to spending us into oblivion.»

Congress also could grant FHA additional authority that would allow it to invest the Fund's current resources in information technology and human capital, but this would increase the federal government's budget deficit.

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

Because of the somewhat precarious Federal finances that may result from Trump's tax, military and infrastructure enhancement proposals, and budget deficits inherited from the Obama Administration, these increased revenues could be very crucial to the success of Trump's Administration as a whole and thus his chances for reelection in 2020.

The Senate Budget Committee approved the bill on a party - line vote of 12 - 11 Tuesday, but only after Senator Bob Corker of Tennessee said he bargained for adding a controversial provision: a so - called revenue trigger that would impose tax increases if the tax bill's cuts raise the federal 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.

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.

According to a roundup by the Committee for a Responsible Federal Budget, analyses from the Tax Policy Center, Penn - Wharton Budget Model, and Tax Foundation all determine that the TCJA would add more than $ 1 trillion to the deficit — even when increased revenue from economic growth is added.