Sentences with phrase «year deficit increase»

Not exact matches

On the data front, fourth - quarter current account figures showed the deficit fell, hitting its lowest level in more than a year, as an increase in the primary income surplus offset a soybean - driven drop in exports.

Imports rose 11.9 percent in the year to February, a fourth straight increase but below expectations of a 15.1 percent rise, leaving the trade balance in a deficit for the eighth consecutive month.

WHAT THEY DID: An earlier version of the Senate plan would increase deficits by roughly $ 1 trillion over 10 years, even when taking into account additional economic growth forecast with the tax cuts, the Joint Committee on Taxation said last week.

But the Romney - Ryan plan, which proposed extending Bush - era tax cuts set to expire in the new year, would actually have radically increased the deficit, rather than cutting it back, according to an analysis by Business Insider.

It produces a total of $ 337 billion in lower deficits in the coming ten - year window, and would not significantly increase shortfalls «in any of the four consecutive ten - year periods beginning in 2027,» according to the CBO.

The bill can not increase total deficits in the years beyond the CBO's 10 - year budget window, over and above the forecasts under current law.

According to a new report from the Joint Committee on Taxation, the House GOP tax reform bill — the Tax Cuts and Jobs Act (TCJA)-- would increase the federal deficit by $ 1.487 trillion over the 10 years after it is implemented.

The Penn model found that the bill would increase the federal deficit by $ 1.327 trillion over the first 10 years after it becomes law (not including debt - service costs).

The accord not only greatly increases discretionary spending over the next two years, it lifts the baseline for future outlays by double - digits, putting deficits and debt on a far steeper trajectory.

Even if you set the issue of employment aside, the U.S. trade deficit over the past five years increased, meaning that the rest of the world was more successful at selling us more stuff than vice versa.

For starters, Prime Minister Stephen Harper has promised to fight the federal deficit, expected to reach $ 56 billion by fiscal year - end, with «fiscal discipline» instead of tax increases.

The bill would increase the deficit for six years outside of that window.

But even factoring in $ 179 billion of additional revenue, the TCJA would increase the deficit by $ 1.23 trillion over 10 years, the analysis said.

All in all, the Trump tax plan would wastefully increase deficits by at least $ 3.5 billion over ten years — with half of all tax cuts going to the top 1 % — while actually raising taxes on nearly half of all families with children, according to the nonpartisan Tax Policy Center's (TPC) analysis.

If the provision makes changes to Social Security, increases the deficit beyond the 10 - year budget window, or does NOT produce a change in outlays or revenue than it's considered extraneous.

The most optimistic assumption by the Tax Foundation estimated that even with new growth, the bill would increase the deficit by $ 448 billion over 10 years.

In party - line votes on Tuesday, Brady's tax committee voted down eight Democratic amendments that would have preserved or expanded tax breaks for the middle class, nullified the tax legislation if it increased the deficit in future years and maintained taxes on foreign profits of U.S. corporations.

According to Congressional Budget Office estimates, enacting the bill would shrink the federal budget deficit by $ 175 billion by 2020, lift GDP by 5.4 % over the next 20 years, increase national productivity, balloon the workforce by about 5 % by 2033, raise the return on capital, and (although the CBO didn't put it this way) create a $ 46 billion windfall for entrepreneurs supplying security operations along the U.S. southern border.

President Trump has, likewise, repeatedly threatened to cut off the cost - sharing subsidies to insurance companies — which alone would send premiums up 20 %, according to an August CBO report, and increase the deficit by $ 194 billion over 10 years.

However, to avoid abrogating the Byrd rule, which disallows bills that increase the deficit beyond the budget resolution's window, the tax cuts were scheduled to expire after ten years.

The Byrd rule also prohibits initiatives that would increase the deficit beyond the fiscal years covered by the budget resolution.

If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years — reaching the highest level of debt relative to GDP ever experienced in this country.

Under the Senate's «budget reconciliation» rules, the tax legislation can increase the federal deficit by $ 1.5 trillion over the next 10 years — and not a dollar more.

It worked: By year 10, the bill doesn't increase the deficit, according to the Joint Committee on Taxation, suggesting that it won't raise the deficit over the long run.

In recent years, analysts have increasingly assumed, in their models, that deficits resulting from tax cuts are ultimately paid for by tax increases or spending cuts several decades in the future.

Lengthening the budget window simply to allow for more years of deficit - financed spending increases or tax cuts would be an unfortunate gimmick that would undermine many of the important benefits of long - term scoring.

The recently passed tax cuts could increase the Federal deficit by around $ 200 billion this year, adding to the supply of bonds.

The provision can not increase the federal deficit at some point in the future, beyond the typical 10 - year «budget window» that is used to evaluate legislation.

Subtracting the cost of policy announcements to date would increase the deficit to around $ 2.0 billion in 2015 - 16, followed by three more years of deficit and a surplus of around $ 2 billion in the fifth year.

The new federal budget plan matters and is increasing defense and nondefense spending to the tune of $ 300 billion, which would put the fiscal year 2019 deficit at over $ 1 trillion or 6 % of gross domestic product (GDP).

As written, it is almost guaranteed to increase the budget deficit by trillions over 10 years, and quite possibly keep increasing the deficit after 10 years are up.

Under the Harper government, there have been eight years of deficit and the federal debt has been increased by $ 157 billion.

The CRFB estimates that revenue increases (many of which are completely unspecified in the proposal) would offset about $ 3.6 trillion of the gross $ 5.8 trillion cost, for a net deficit increase of $ 2.2 trillion over 10 years.

What's more, a deficit - increasing bill can rely on the reconciliation process — the process that allows a simple majority vote in the Senate — only if it does not raise deficits in years after the 10 - year budget window, which means the tax breaks here would have to be temporary.

To eliminate the deficit by 2015 - 16, the CCPA assumes that the net impact of these measures will result in higher economic growth and increased employment, resulting in increased revenues to the federal government of about $ 4.5 billion, on average, per year.

Natural Gas Natural gas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports of the fuel.1 Spot prices saw an even larger drop of 20.6 % (to US$ 2.81) as the support of December's weather - related demand spikes faded and a more normal winter pattern developed.1 Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain supplies.

A one - percentage point cut in the GST / HST would cost the federal treasury up to $ 7 billion per year, thereby further increasing the deficit.

President Donald Trump on Monday will offer a budget plan that falls far short of eliminating the government's deficit over 10 years, conceding that huge tax cuts and new spending increases make this goal unattainable, three people familiar with the...

For example, if Congress extends tax provisions that expired at the end of last year or will expire in the future and enacts an unpaid - for repeal of the automatic spending reductions known as the sequester, ten - year deficits would increase by $ 1.7 trillion (from $ 10.1 trillion to $ 11.8 trillion) and result in debt in 2027 reaching 97 percent of GDP (instead of 91 percent).

This was the Conservative strategy that was introduced in 2006 and subsequently led to 9 years of deficit and increase of $ 150 billion in government debt.

Our real Deficit is the increase in our Debt for the year which was $ 1086 billion.

For the first six months of fiscal year 2013 - 14, the federal government posted a deficit of $ 10.7 billion, an increase of $ 1.3 billion from that reported in the same period in 2012 - 13.

The year - over-year increase in the deficit was more than attributable to the booking of a $ 2.8 billion liability for disaster assistance for the 2013 flood in Alberta.

For the first seven months (April to October) of the fiscal year 2013 - 14, the federal government posted a deficit of $ 13.2 billion, an increase of $ 1.3 billion from that reported in the same period in 2012 - 13.

The March 2012 Fiscal Monitor reports an increase in the year - over-year deficit of $ 2.8 billion, from $ 6.2 billion in March 2011 to $ 9.0 billion in March 2012.

The increase in the year - over-year deficit was primarily due to lower budgetary revenues (down $ 5.0 billion), reflecting the timing of receipts.

Bryan Riley, director of the Free Trade Initiative at the National Taxpayers Union, said that an increase in the trade deficit from the prior year «should not be viewed as a problem to be fixed, but as a predictable result of a growing economy that enables people to afford more imports.»

With inflation finally showing green shoots and President Donald Trump's $ 1.5 trillion tax reform law expected to increase deficit spending, this year could provide the right conditions to spur gold prices higher.

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 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 such savings.

[243][244] For 2011, the administration predicted the deficit will shrink to $ 1.34 trillion, and the 10 - year deficit will increase to $ 8.53 trillion or 90 % of GDP.