Sentences with phrase «reduce federal deficits by»

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

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

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.»

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.

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.

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.

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.

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.

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

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.

Compounding the Administration's self - restraint was the expected squeeze on science by the Republican - led House of Representatives as part of a relentless campaign to trim overall federal spending and reduce the 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.

So if a funding deficit arises in a TBP (because of underfunding, or lower - than - expected investment returns, say), part or all of it can be compensated for by reducing accrued benefits to employees whereas a traditional DB plan would require the entire deficit to be funded by increased contributions on the part of the employer — the federal government (and by extension, the taxpayer).

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.