Sentences with phrase «massive federal budget deficits»

Not exact matches

While last week's budget vote cleared the way to begin the tax reform effort, 20 Republicans voted against it, citing issues with the elimination of state and local tax deductions and a massive expansion of 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.

Today, however, those taxes have been cut, along with dividend taxes and the massive federal deficit has begun to wreak havoc on the states» budgets.

With massive budget deficits at the federal and provincial levels, justice budgets are likely to be on the chopping block.