Sentences with phrase «offset by economic growth»

In one illustrative example from the Congressional Budget Office (CBO), at best one - quarter of the cost of a broad - based cut in individual rates could be offset by economic growth over a decade, and even that assumes future tax increases will ultimately be enacted to stabilize the long - term fiscal picture.

Not exact matches

The plan contains up to $ 6 trillion in tax cuts, according to independent analysts, which Trump and top Republicans say they would offset by eliminating loopholes, deductions and tax breaks and boosting annual economic growth.

This could have been done to offset some of the negative commentaries concerning the fiscal outcome for 2015 - 16, such as the downward revisions to economic growth by the IMF, the Bank of Canada and a number of private sector economists.

Minister Flaherty had done an excellent job of pre-conditioning on what to expect: a commitment to eliminate the deficit by 2015 - 16; no new «risky» spending; some funding for infrastructure and skills training; and further restraint measures to offset revenue losses due to slower economic growth in 2013.

The main drivers of the first - half performance were solid growth in the combined New Zealand properties, offset by reduced turnover in the international business, continued competitive and economic pressures in Darwin and a weaker Australian dollar, the company said.

In the minutes of their December meeting, Fed officials signaled stronger economic growth and improving labor markets would likely offset any inflation slowdown caused by oil's slump.

However the Department of Finance interprets the lower deficit outcome for 2010 - 11, it would not be possible to offset the impact of slower economic growth now expected for this year and 2012, by the Bank of Canada, the IMF, the OECD and all private forecasters.

The Bush administration had claimed, using the Laffer Curve, that the tax cuts actually paid for themselves by generating enough extra revenue from additional economic growth to offset the lower taxation rates.

The report draws on government and trade statistics, academic evidence and economic theory to challenge arguments that the health and social benefits of reducing alcohol consumption are likely to come at a cost to the economy, finding: · Any reduction in employment and income resulting from lower spending on alcohol would be offset by spending on other goods · Econometric analysis of US states suggests that a 10 % decrease in alcohol consumption is associated with a 0.4 % increase in per capita income growth · Lower alcohol consumption could also reduce the economic costs of impaired workplace productivity, alcohol - related sickness, unemployment and premature death, which are estimated to cost the UK # 8 - 11 billion a year The analysis comes at a timely moment, with health groups urging the Chancellor to raise alcohol duty in next month's Budget.

Similarly, analyses consistently show the costs of the UK's Climate Change Act will be more than offset by a combination of fuel savings, avoided climate impacts and reduced air and noise pollution, even before wider economic impacts in terms of jobs and growth are taken into account.

The Federal Reserve in September hinted at yet another rate cut to offset economic weakness marked by stagnant job growth.