Sentences with phrase «reduce federal deficits»

CBO and JCT estimate that enacting the legislation would reduce federal deficits by $ 337 billion over the 2017 - 2026 period.

WASHINGTON, Oct 9 - A top Senate Democrat on Tuesday said new tax revenues should go to reducing the federal deficit, not cutting tax rates, dismissing as «obsolete» a Reagan - era model of tax reform.

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.

«Reducing the federal deficit is critical for our nation's long term health but it should not be done at the expense of the most vulnerable.

«She is encouraged that the Congressional Budget Office says the American Health Care Act will lower premiums by 10 percent, reduce the federal deficit by $ 337 billion, and lower taxes by $ 883 billion, providing significant tax relief for middle - income families and small business owners.

The Congressional Budget Office says the American Health Care Act would reduce the federal deficit over the 2017 - 2026 period by $ 119 billion, but also leave 23 million Americans without insurance, while at the same time lower the average insurance premiums.

[The Congressional Budget Office projected the immigration bill passed by the Senate in 2013 would boost the economy and reduce the federal deficit, while slightly reducing wages.

The CBO also says the bill would reduce the federal deficit by $ 119 billion.

Washington (CNN)- President Barack Obama will issue an executive order in «the next 10 days or so» to create a bipartisan commission on reducing the federal deficit, White House Press Secretary Robert Gibbs said Thursday.

John Marburger, director of the White House Office of Science and Technology Policy, calls it «a pretty good year» for research, given the Administration's priorities of fighting terrorism, defending the homeland, and reducing the federal deficit.

It's a small but important silver lining in a year when even NSF's best friends in Congress have turned their backs on the Obama Administration's request for a 13 % increase for the basic research agency as part of the political consensus on reducing the federal deficit.

The reduction, required by the failure of policymakers to abide by the terms of a 2011 law designed to reduce the federal deficit over the next decade, reduced the lab's budget this year by $ 100 million, to $ 1.5 billion.

Cutting this engine of growth is the absolute least productive way for the Congressional super committee to reduce the federal deficit in the coming years.

So aggressive citizen enforcement could not only reduce climate changing emissions, but reduce the federal deficit.

The remaining revenue should be used to help reduce the federal deficit and make the tax code more progressive, easing some of the bite from higher electricity and gas prices.

The analyses also concluded that the evaluated policies would reduce the federal deficit.

The CBO analysis of Waxman - Markey found that the bill would reduce the federal deficit by $ 9 billion by the year 2019.

The CBO analysis of a similar bill proposed by Senators Kerry and Boxer found the bill would reduce the federal deficit by $ 21 billion by 2019 and «would not increase the deficit in any of the four 10 - year periods following 2019.»

As we work in the Senate to meet the enormous challenges facing this country, including efforts to strengthen our economy, create new private sector jobs, reduce the federal deficit and establish energy independence, your views and those of your fellow Virginians are very important to me.

The «BTU tax,» a tax on energy, was designed to cut energy use and also help reduce the federal deficit.

However, if Congress fails to pass the RESTORE Act, the spill fines will be used for unrelated federal spending or to reduce the federal deficit.

Rep. Lois Capps (D - CA) said, «If we really want to reduce the need for abortions and reduce the federal deficit, we should double the funding for family planning and preventive care, not eliminate it as is being called for by anti-choice members of Congress.

This year is different, Giovaniello said, because as Congress discusses ways to reduce the federal deficit and whether to change the tax code, some of the government's longstanding incentives for home ownership, including the mortgage interest deduction and other provisions, will come under debate.

This year is different, Giovaniello said, because as Congress discusses ways to reduce the federal deficit and whether to change the Tax Code, some of the government's longstanding incentives for home ownership, including the mortgage interest deduction and other tax provisions, will come under debate.

Not exact matches

And all of them argue that the proposed tax cuts, estimated to reduce federal revenue by more than $ 1.4 trillion, won't increase federal deficits, an assertion that's been contradicted by Congress's official tax scorekeeper.

The White House has yet to spell out how much of a hole the tax cuts could create in the federal budget, maintaining that the resulting economic growth would reduce — if not eliminate — the risk of a soaring deficit.

He would reduce the federal debt and deficit by cutting federal spending, nearly in half.

CBO and JCT estimate that enacting this legislation would reduce the cumulative federal deficit over the 2017 - 2026 period by $ 321 billion.

Unless the federal government believes that it is more important to steadily reduce the debt ratio (to 20, 15, 10, or zero per cent), rather than dealing with other critical policy issues, then the federal government will soon have to start running deficits.

Neither Clinton nor Trump would boost growth or reduce debt and deficits, according to the Committee for a Responsible Federal Budget.

The Federal government is expected to boost the amount it intends to borrow in the coming months, as the Treasury contends with declining tax receipts as a result of the recent corporate and personal tax cuts, as well as widening budget deficits and a Federal Reserve that is slowly reducing its own holdings of government bonds.

In the 2006 Budget, the government promised to reduce the deficit by $ 3 billion per year; to reduce the federal debt - to - GDP ratio to 25 per cent by 2012 - 13; to eliminate the total government sector debt (which includes the federal, provincial and local governments as well as the Canada and Quebec pension plans) by 2021; and finally, to keep the growth in program expenses below the rate of growth in nominal GDP.

Instead of using it to reduce the federal public debt, the government used it to cut the GST by two percentage points, thereby creating a structural deficit in advance of the financial meltdown in 2008.

Lowering taxes, shrinking the size of federal government and reducing the deficit were issues that played well in Mimi Walters» conservative Orange County district.

Combining fiscal prudence with investments in economic growth, we will end the Harper legacy of chronic deficits and reduce Canada's federal debt - to - GDP ratio each year.

The national consensus on the need to reduce federal and provincial deficits and to establish a more competitive fiscal framework;

Reducing the GST by two percentage points created a structural deficit that the government has closed by gradually reducing federal spending expressed as a shareReducing the GST by two percentage points created a structural deficit that the government has closed by gradually reducing federal spending expressed as a sharereducing federal spending expressed as a share of GDP.

While reducing federal spending during an economic slowdown was not the President's preference, he recognized the political realities and undertook a series of negotiations with the Republican Speaker of the House, John Boehner, aimed at achieving a compromise plan to reduce the deficit over time through a combination of spending cuts and revenue increases.

The Treasury Department said in its most recent quarterly refunding announcement in November that borrowing needs will increase as the Federal Reserve reduces its balance sheet and as fiscal deficits look set to widen.

Reducing trade deficits, he has argued, will work in tandem with lowering taxes and reducing federal regulations to superchargeReducing trade deficits, he has argued, will work in tandem with lowering taxes and reducing federal regulations to superchargereducing federal regulations to supercharge growth.

But several conservative Republicans, including Harris, believe the debt ceiling should be raised only if it comes with spending controls to reduce federal budget deficits.

Obama can say that he reduced the federal budget deficit from 9.8 % of GDP in Fiscal Year 2009 under Bush, to 2.9 % of GDP in FY 2014.

Who: The Blue Dogs What They Want: This group of about 50 House Democrats is dedicated to lowering federal deficits and creating greater health - care cost controls (though not necessarily reducing spending in their districts).

But it did provide talking points for House Republican leaders who need conservatives support to pass the measure: lower deficits, reduced federal spending and tax cuts.

As a Republican, how do you balance the need for spending cuts and reducing the deficit and the debt with the desire for constituents to get some federal dollars to this area that has been struggling so with the economy?

Do you think federal taxes need to be reduced or not because of the deficit situation?

Republicans and Democrats have entirely different approaches to the issue, with Republicans willing to slash taxes even at the risk of increasing the federal deficit, and Democrats such as Higgins insisting that tax reform not reduce the amount of money collected by the federal government

«No rational analysis says that we can begin to reduce the size of the federal deficit without a combination of cutting spending and raising revenue,» added Bloomberg.

Malloy has tried to reduce that deficit by suspending about $ 140 million in state and federal payments to hospitals.

But he says it was the culmination of a soul - sapping and ultimately unsuccessful battle with the Office of Management and Budget (OMB) on how to accommodate the rising cost of the James Webb Space Telescope within an overall agency budget being squeezed by efforts to reduce federal spending and shrink the deficit.