Sentences with phrase «year deficit reduction»

Not exact matches

Schumer urged devoting new revenues to deficit reduction instead, and advocated raising t ax rates o n the rich i n any deal to avoi d the fiscal cliff a pproaching at year - end.

If real GDP can jump 3 % or more this year and keep doing the same thing for three or four more years after that, and we can put in place some spending reductions, we would go a long way to solving our deficit problem.

The projected budgetary deficit in 2010 - 11 was revised down from $ 40.5 billion to $ 36.2 billion and in fiscal 2011 - 12 was revised upward from $ 29.6 billion to $ 36.2 billion, for a cumulative reduction of $ 1.6 billion over the two years.

The deal, which is still making its way through Congress after an eleventh hour push from party bigs, has three main components: It immediately raises the debt ceiling, includes around $ 2.1 trillion in spending cuts over the next 10 years, and creates a special Congressional committee to come up with long term deficit - reduction suggestions by this Thanksgiving.

It said any reduction in copper output could tip the world market into deficit this year, pushing up prices and helping Glencore's overall copper business.

Not only that, important issues will be coming up during the next two years: immigration reform, tax reform, deficit reduction, changes to our healthcare law and the minimum wage.

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.

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).

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.

Greece is already managing to beat some of its deficit - reduction targets, as figures released Wednesday show that its central budget deficit for the first two months of 2012 had shrunk by more than half compared with the same period last year.

One way to quantify the country's long - term fiscal situation is by measuring its fiscal gap, or the amount of non-interest deficit reduction needed each year to achieve a given fiscal target.

Under current law, stabilizing the debt at its current post-World War II record level of 77 percent of GDP would require deficit reduction of 2.4 percent of GDP per year over three decades (the equivalent of $ 6.1 trillion over ten years).

Alberta fell behind on critical infrastructure investment during the years when Ralph Klein was premier, when his government's singular focus was on deficit and debt reduction.

The FY 2017 budget resolution demanded only a paltry $ 2 billion of deficit reduction over an entire decade; that's just $ 200 million per year when we are facing looming trillion - dollar deficits.

The data «could indicate that the potential window of opportunity for optimized ACL injury risk reduction may be before the onset of neuromuscular deficits and peak knee injury incidence that occurs after the onset of maturation in female athletes and / or during the mid-teen years,» said lead author, Gregory D. Myer, PhD, FACSM, CSCS, of the Division of Sports Medicine at Cincinnati Children's Hospital, and the Departments of Pediatrics and Orthopaedic Surgery, at the College of Medicine at the University of Cincinnati, and the Athletic Training Division, School of Allied Medical Professions at The Ohio State University in Columbus.

But over that period the OBR currently expects average growth of just 1.7 per cent a year — 0.4 per cent a quarter - which means lower living standards, less tax, less investment and many billions less deficit reduction too.

«The data so far this year raise a concern that, rather than reducing the public debt, the deficit reduction plans could be having the opposite effect because higher tax rates and austerity measures are causing economic growth to be weaker than expected.»

Sen. Chuck Schumer insisted today that the odds will improve for a deficit reduction deal next year, despite the presence of a knock - down, drag - out political battle for control of both Congress and the White House.

The 9 % budgeted deficit recorded for last year, while not what was projected at the beginning of the fiscal year, represents a significant reduction from the 11.8 % recorded in 2012 and is certainly much lower than the 15 % the NPP left in 2009 when exiting power.

The Conservatives and Liberal Democrats are to conduct a one - year spending review continuing their deficit reduction drive throughout the 2015/16 tax year.

And this year in Glasgow it will be conference that decides on our economic policy (including the strategy for deficit reduction), tax policy (and, most totemically, whether to return to a top 50p - in - the - pound tax rate) and nuclear defence policy again.

Gov. David Paterson last Thursday proposed $ 5 billion in cuts over the next two years to fill a growing state budget deficit, and the plan makes deep reductions in funding to education, health care and state agencies.

They are not interested in any reform agenda, deficit reductions, the could care less about Cuomo's agenda, its about getting the Senate chamber, smirking at the defeated Democrats, who by the way will get it back in two years.

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.

The legislation also would reduce the deficit by $ 337 billion over the next 10 years largely from Medicaid reductions and the elimination of the ACA's subsidies for nongroup health insurance, the CBO found.

«Sadly he seems set to spend the next two years sticking to policies that are badly failing on living standards, growth and even deficit reduction.»

Yet when we look at the Executive Budget, we see that he as included over $ 800 million in new taxes and assessments on health care and health insurance, including $ 590 million within the Deficit Reduction Plan for the current fiscal year.

Gov. David Paterson proposes a $ 5 billion deficit reduction plan to address this year's budget gap, including a $ 223.2 million cut to New York City schools.

Senate Democratic leaders have delayed consideration of the annual budget resolution until Congressional leaders and the White House agree to deficit reduction package, which is expected to set discretionary spending levels for fiscal 2012 and possibly for future years.

House and Senate Republicans offered two different versions of no - tax - increase budget plans Tuesday that they insist can solve the state's projected two - year, $ 5 billion deficit without savage reductions in state aid to cities and towns and school funding.

In the autumn statement, usually a preview of what the next year's Budget will contain, the chancellor emphasised the need for rapid deficit reduction, as well as a focus on supply side economic policies like low interest rates and tax credits.

The report praises Assembly Ken Zebrowski's «Rockland County Deficit Reduction Task Force» proposal, stating that «the task force would exist for a three - year period, and could extend its oversight by majority vote for two - year periods until the deficit bonds were paid off... The task force would have broad oversight and budget recommendation Deficit Reduction Task Force» proposal, stating that «the task force would exist for a three - year period, and could extend its oversight by majority vote for two - year periods until the deficit bonds were paid off... The task force would have broad oversight and budget recommendation deficit bonds were paid off... The task force would have broad oversight and budget recommendation powers.

Senate leaders said the bill would restore nearly $ 434 million in GEA cuts in last year's state budget, reductions that were first instituted in 2010, when the state faced billion - dollar budget deficits.

His call for a temporary cut in the rate of VAT represents, to his mind, a halfway house between Osborne's deficit reduction plan and Alistair Darling's proposal to halve the deficit over four years.

The coalition government's response to the global financial crisis has been to follow a singular path of deficit reduction over the next 4 years.

It went wrong because, as Ed Balls warned in his Bloomberg speech a year and a half ago, deficit reduction requires three pillars:

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.

Take note: deficit reduction, predistribution, etc, aren't good ways of talking about how much money people have each month or what the prospects for their kids will be in five years» time.

25 hours of free childcare for working parents, paid for by increasing the bank levy by # 800m a year; having the OBR audit Labour's spending pledges in its next manifesto; repeating a pledge to reintroduce the 10p bottom tax rate and pay for it with a mansion tax; signing up to the government's post-election spending plans but with a «fairer approach to deficit reduction».

It now looks very likely that later this year the chancellor will be forced to stand before the nation and admit that he will miss his deficit reduction target.

Our deficit reduction plan to cut the deficit in half over four years, will be made law in a new fiscal responsibility act.

1) Eliminate The County Deficit: As a County Legislator, Ilan Schoenberger wrote the Deficit Reduction Act, and as County Executive he will ensure it is followed, so that ten million dollars from each year's budget goes directly toward eliminating the dDeficit: As a County Legislator, Ilan Schoenberger wrote the Deficit Reduction Act, and as County Executive he will ensure it is followed, so that ten million dollars from each year's budget goes directly toward eliminating the dDeficit Reduction Act, and as County Executive he will ensure it is followed, so that ten million dollars from each year's budget goes directly toward eliminating the deficitdeficit.

Under the deficit reduction plans that Ed Miliband put in Labour's manifesto last year, the biggest reductions in public spending would come this year — so much for the «wrong time».

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 comptroller also alleged that, because a substantial portion of Health + Hospitals» revenue actions in its deficit reduction plan requires federal and state approvals, the city would probably have to increase its subsidy by $ 200 million in fiscal year 2017.

1 In the document, the Lib Dems profess their support for «the eradication of the structural deficit within a responsible timescale» but, in reality, they were demanding a faster pace of deficit reduction «in light of market concerns», including «some in - year cuts».

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.

«We have been told for a whole year that we would get Labour's deficit reduction plan.

The path of deficit reduction will be extended for another year to 2018 — well into the next parliament.

GB: Because we have got a deficit reduction plan to cut the debt in half over the next four years.