Sentences with phrase «year deficit reduction plan»

Not exact matches

«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.»

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.

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.

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.

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.

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».

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

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.

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.

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

Meanwhile, in Albany, Paterson continued to pursue his deficit - reduction plan to address a $ 3.2 billion shortfall for the remaining four and a half months of this fiscal year.

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.

The legislation, which had overwhelming bipartisan support in both the U.S. House of Representatives and the Senate, requires the president to detail how the administration will implement the $ 1.2 trillion in sequestration cuts to domestic and defense programs scheduled for the start of 2013 if Congress is unable to agree on another deficit - reduction plan before the end of the year.

Just days shy of its December 13 deadline, a bipartisan congressional committee charged with developing a long - term budget solution agreed on a two - year plan (PDF) that addresses sequestration cuts, establishes top - level budget amounts for FY14 and FY15, and allows both Democrats and Republicans to continue negotiating a deficit reduction plan.

And that will be on top of the 8 percent ($ 3.5 billion) cut that will take effect in the middle of the 2012 — 13 school year as a result of the congressional supercommittee's failure to achieve a national deficit reduction plan.

The agreement postpones sequestration cuts for two years, which gives Congress time to continue negotiating a more permanent deficit reduction plan that doesn't involve sweeping, across - the - board cuts to government programs.

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.