Sentences with phrase «on deficit reduction by»

Not exact matches

By promising to increase marginal rates on the very wealthy — essentially by allowing some Bush tax cuts to expire — Obama offered a path that, while not perfect, at least heads in the direction of future deficit reductioBy promising to increase marginal rates on the very wealthy — essentially by allowing some Bush tax cuts to expire — Obama offered a path that, while not perfect, at least heads in the direction of future deficit reductioby allowing some Bush tax cuts to expire — Obama offered a path that, while not perfect, at least heads in the direction of future deficit reduction.

Such reductions in the deficit would have effects on the economy that would further decrease deficits by modest amounts.

Including just the effects of economic feedback from deficit reduction would reduce the cumulative deficit over the next 10 years by roughly $ 160 billion — or about 0.1 percent of GDP, on average — compared with CBO and JCT's conventional estimate of the President's proposals.

Erskine Bowles, co-chair of the Simpson - Bowles Deficit Reduction Commission has calculated that service on the interest for that debt alone, if rates stay near record lows, will be $ 1 trillion by 2020!

The legislation enforces limits on discretionary spending until 2021, establishes a procedure to increase the debt limit, creates a Congressional Joint Select Committee on Deficit Reduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such sDeficit Reduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve suchReduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such sdeficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve suchreduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such savings.

It was there in the build - up to Iraq, or when then - home secretary Alan Johnson sacked the chair of the Advisory Council on the Misuse of Drugs, or when George Osborne pursued a deficit reduction strategy identical to the one he'd branded dangerous when it was proposed by Alistair Darling.

This is on top of the $ 2.4 trillion in deficit reduction that has already been implemented by cuts enacted since 2011, including the fiscal cliff deal at the end of last year.

More broadly, there was a feeling that policy decisions in all areas were being driven by an overriding focus on deficit reduction, perhaps to the detriment of the economy in general and other areas of national life.

The source rejected claims by Laws that a «truculent trio» of Ed Miliband, Ed Balls and Harriet Harman wrecked any chance of a progressive coalition, and says that a deal was possible on every issue apart from the pace of deficit reduction.

He ignored the recommendations of his own bipartisan deficit reduction commission, proposed a federal budget that was so political it was rejected 97 - 0 by the Senate, reneged on a deficit compromise last summer and went AWOL on the supercommittee deliberations.

By ploughing that money into deficit reduction, he shored up his core narrative: responsibility during times of crisis, a steady hand on the tiller.

On the one hand, he wants to maintain market confidence by sticking to the deficit reduction programme.

But the rhetorical approach adopted by Mr Osborne last year has helped facilitate cooperation between the Tories and the Liberal Democrats, who rely on the «progressive» tag to sell the deficit reduction agenda to their supporters.

He continued in this «tough and tender» (his words again) vein when discussing the deficit reduction plan, landing the Lib Dems headlong into the government's strategy, rather than shying away and blaming all the unpopular cuts — as some Lib Dem politicians tend to do — on the Tories, resurrected as the «Nasty Party» by Vince Cable earlier today.

We have therefore agreed that there will need to be: - a significantly accelerated reduction in the structural deficit over the course of a Parliament, with the main burden of deficit reduction borne by reduced spending rather than increased taxes; - arrangements that will protect those on low incomes from the effect of public sector pay constraint and other spending constraints; and - protection of jobs by stopping Labour's proposed jobs tax.

Rumours that Ed Miliband was preparing to adopt a 1:1 ratio of tax rises to spending cuts, as he tries to formulate a distinct narrative on deficit reduction, appear to have been proven unfounded by today's speech.

«It's ironic only in the sense that this (park) was already in the pipeline, and there are other projects... that are delayed by the fact that we can't agree on what the deficit reduction is,» he said.

However, critics have asked how the persistent freezes in fuel duty fit with the government's deficit reduction priority — a question most famously posed by Jeremy Paxman to Treasury minister Chloe Smith on Newsnight after the duty U-turn in August.

Senate Minority Leader Mitch McConnell, R - Kentucky, and House Majority Leader Eric Cantor, R - Virginia, both told Sunday talk shows that all issues are on the table in deficit reduction talks led by Vice President Joe Biden intended to reach a deal on raising the federal debt limit.

WASHINGTON (CNN)- The U.S. House on Tuesday night passed the «cut, cap and balance» deficit reduction plan backed by tea party conservatives but dismissed by President Barack Obama, who offered strong praise for another proposal put together by a bipartisan group of senators.

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.

The original 2010 plan was based very heavily on growth — more than 60 % of the deficit reduction forecast by this point was supposed to have come from growth.

With a $ 348 million increase in taxes on health insurance already approved by lawmakers as part of the 2008 - 09 Deficit Reduction Plan (DRP), The Business Council strongly opposes an additional $ 481 million in health care and health insurance taxes that are proposed as part of the 2009 - 10 Executive Budget.

There is much concern in Washington about the impending «fiscal cliff» of severe cuts to federal programs that will automatically result if Congress and the Obama administration can not agree on a deficit reduction plan by the end of this year.

«While the deficit reduction legislation passed by the Legislature provides needed savings, it falls well short of what is necessary to put New York on the road to fiscal and economic recovery,» Paterson said.

The chancellor, George Osborne, also set out his defence ahead of an expected political battering by claiming he had «turned Britain into a safe harbour in a storm» by focusing so rigidly on deficit reduction.

WASHINGTON — The deficit - reduction package signed by President Clinton last month will put a squeeze on education programs due to caps that essentially freeze discretionary domestic spending over the five years covered by the plan.

Changes to the federal student - loan programs put in place by the Deficit Reduction Act of 2005 will take effect on July 1, including increased Pell Grants for some students majoring in mathematics and science.

Second, replacing the current system of fiscal rules focused on the «structural deficit» by a simple expenditure rule guided by a long - term debt reduction target.

In a move that many of us in the life insurance business have been warning about for years, the President's National Commission on Fiscal Responsibility and Reform (nicknamed the Deficit Reduction Commission, or DRC), completed its work without a formal vote on the deficit reduction plan coauthored by the Commission's two co-Deficit Reduction Commission, or DRC), completed its work without a formal vote on the deficit reduction plan coauthored by the Commission's two cReduction Commission, or DRC), completed its work without a formal vote on the deficit reduction plan coauthored by the Commission's two co-deficit reduction plan coauthored by the Commission's two creduction plan coauthored by the Commission's two co-chairs.

Just last week, under the guise of deficit reduction, the House Republican leadership continued their assault on women's health by announcing two extreme proposals that target women's health care programs and women's health providers.

On Dec. 1, 2010, the bipartisan deficit - reduction commission, appointed by President Obama, released its final plan for cutting the U.S. deficit — which included suggestions to pare back the mortgage interest deduction.