Sentences with phrase «years of spending cuts»

TURNER: And Bruce Baker at Rutgers says years of spending cuts have contributed to teacher shortages in many places.

Anyone earning less than $ 75,000 would no longer have to pay state income taxes under McKinney's plan, which first requires a year of spending cuts.

On the heels of six years of austerity budgets dating to 2008, the Executive Budget proposes another year of spending cuts in a host of areas, and lays out a multi-year plan of steep spending cuts that will extend the austerity measures for three more years, thus completing an «austerity decade» for New York.

McKinney has put forth a two - year budget plan that, following a year of spending cuts, would eliminate the income tax for residents who earn less than $ 75,000 a year.

Not exact matches

The Congressional Budget Office has estimated that the combination of tax increases and spending cuts could trim economic growth this year by about 1.5 percentage points.

Future spending cuts will include additional pension cuts and tax increases for Greeks, already hit by seven years of harsh cuts.

The Bank of Canada said nothing in public about the possible merits of deficit spending as it twice cut its benchmark interest rate last year to offset the collapse of oil prices.

Kenney spent most of last year driving cutting - edge brand marketing campaigns for Brooklyn, New York - based über - brand MakerBot, including the wildly successful #Robohand video that documented how MakerBot users developed prosthetic hands for disabled children.

But the first lesson of business school is to tap into your natural network, and veterans, who have often spent years overseas cut off from regular society, often don't have the contacts they need to make the transition into civilian business.

This spring, he spent two weeks running the numbers and battling insomnia before making a dramatic announcement to his 120 - member staff on April 13, inviting NBC News and The New York Times to cover it: Over the next three years, he will phase in a minimum wage of $ 70,000 at Gravity and immediately cut his own salary from $ 1.1 million to $ 70,000 to help fund it.

Tax cuts, infrastructure spending and corporate cash repatriation should remain positive for U.S. markets over the next couple of years, but Rogers sees better opportunities internationally.

On the other hand, more spending cuts could certainly stifle the economic rebound everyone expects to see in the second half of the year after the flimsy performance of this just - ended second quarter.

WASHINGTON (AP)-- The combined effects of President Trump's tax cuts and last month's budget - busting spending bill is sending the government's budget deficit toward the $ 1 trillion mark next year, according to a new analysis by the Congressional Budget Office.

Blue River Technology has spent five years figuring out how best to apply cutting - edge computing «vision» to the realm of agriculture.

Austerity measures imposed earlier this year include $ 65 billion ($ 80 billion) in spending cuts and tax increases by the end of 2014.

Wang is a native of the southeastern province of Fujian, where Xi spent 17 years cutting his teeth from 1985 to 2002.

Hagel's nomination comes on the heels of a New Year's Day deal that averted economic calamity when lawmakers agreed to prevent huge tax hikes and government spending cuts.

They also have recent real - world examples to make their case: Tax cuts in Kansas made by Gov. Sam Brownback failed to deliver the expected boost, forcing the state into years of grueling budget battles and harsh spending cuts to make up the gap.

The end of the fiscal year on September 30 is the deadline for Congress to revoke or replace the second tranche of sequester cuts, set to kick in on October 1st and mandating another $ 17 billion worth of across - the - board spending reductions.

There were, among others, the debt ceiling standoff - cum - rating downgrade of 2011 and the fiscal cliff scare of late 2012, followed by awfully - timed tax hikes and spending cuts earlier this year.

Disney CEO Bob Iger spent much of his time on the earnings call talking about ESPN, and about how he doesn't see much impact from cord cutting for at least the next five years or so — an estimate that at least some analysts think is absurdly optimistic.

Mutually unpleasant cuts to military and social spending were a key feature of the 1985 Gramm - Rudman - Hollings budget deal during the Reagan years, although the success of these measures remains controversial.

So the pre-election Republican position, backed by allies such as the Chamber of Commerce, to extend all of the tax cuts and postpone all of the spending cuts until the leaders work out a deal is not likely to win over many Democrats, who seem more inclined to let the tax cuts expire and start from scratch next year, presumably making it harder for Republicans to resist.

Though, she cautioned that the threat of a government shutdown and the fiscal restraint imposed by years of the 2013 sequester, which will cut more than $ 1 trillion in government spending through 2021, could be calamitous.

Most state agencies are grappling with spending cuts of 5.5 %, and they're bracing for more belt tightening as state economists prepare to release reduced revenue estimates for the current and coming fiscal year.

Either way, Stockman said, any damage caused by Trump's trade agenda is dwarfed by the economic disaster that will be wrought by the massive spending and tax cuts that Republicans of Kudlow's denomination passed last year.

Yet in the wake of tax cuts and spending increases, the Fed boosted its outlook for US gross domestic product growth this year to 2.7 % from 2.5 %, and to 2.4 % from 2.1 % next year.

In part on Trump's promises on tax cuts, spending and deregulation the Fed also upgraded its forecast for the number of rate hikes next year to three from two.

It's just instead of a gaping mouthful of full - colour cancer, we're gently reminded to drink less, quit smoking, cut down on salt, exercise more, eat more vegetables and get a check up or we could spend our golden years cold and with wolves after us.

While many of its spending cuts are more aggressive than the political climate is likely to allow, the RSC deserves great credit for putting out a budget in a year where no official budget has yet been put forward by the House or Senate Budget Committees.

Well a more likely scenario is the one I laid out on this blog 4 days ago, where Trump doesn't get everything he asks for, and there are some spending cuts made, so the plan costs $ 25 trillion not $ 35, but I thought it was just over the course of 10 years.

Many analysts are referring to this as the «Modi effect,» in honor of Prime Minister Narendra Modi, elected two years ago on promises to reinvigorate business growth by cutting red tape and increasing infrastructure spending.

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.

2) Expectations of the «fiscal cliff» — automatic tax increases and spending cuts set for the end of this year — will keep spending and growth lower through the second half of 2012, he writes.

The budget proposes $ 3.3 trillion in net policy savings over ten years, the result of $ 4.9 trillion of largely unspecified spending cuts and $ 1.6 trillion of tax cuts, in addition to $ 1.4 trillion of claimed savings due to increased economic growth.

Early in the year, investors bought on the hope of potential infrastructure spending, tax cuts and a reduction of regulations across a wide swath of industries.

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...

So rather than «cutting» spending by $ 44 billion, the rate of growth for future spending is reduced by $ 44 billion the first year.

After assessing the three studies, he concludes we must cut spending or raise taxes by 11 % of GDP, «rather quickly over the next five to 10 years.

An 11 % «fiscal gap» in terms of today's economy speaks to a combination of spending cuts and taxes of $ 1.6 trillion per year.»

Double the Deficit: After an unprecedented debt binge by Congress, the dust has settled and we estimate that 55 percent of next year's deficit will be a result of legislation passed since 2015 — mostly last year's tax cuts and this year's bipartisan spending deal.

The 10 - year US treasury spiked from a low of 1.3 % last July to 2.6 % this year, on the anticipation of Trump's tax cuts and infrastructure spending.

President Trump's campaign promises for tax cuts, infrastructure spending, and deregulation sent consumer confidence soaring earlier this year, pushing stocks to record highs amid hopes for a range of economic stimulus.

The deal will boost Aramco's downstream business ahead of a planned initial public offering next year and also bolsters Malaysia's state - controlled Petroliam Nasional Bhd - known as Petronas - after it cut spending because of the slump in oil prices.

Five years of failed austerity policies in Greece and a total breakdown in trust between the leftwing Syriza alliance and the political leaders of its creditors climaxed in a national vote in which Greeks said no to the spending cuts and tax increases demanded by its lenders...

He spoke of a five - year freeze in domestic spending, eliminating tax breaks for oil companies and reversing tax cuts for the wealthiest Americans, banning congressional earmarks, and reducing healthcare costs.

Budget balance has been achieved despite a slowing economy and new tax cuts mainly by doing almost nothing new on the spending side for the coming fiscal year of 2015 - 16.

Directing emergency funds to areas hit by natural disasters had traditionally been quick bipartisan exercises, but that changed after Hurricane Katrina in 2005 — when the Republican Study Committee, a group of House conservatives, pushed spending cuts to compensate for the approximately $ 200 billion expected in Katrina relief — including cutting farm subsidies, Amtrak funding and postponing the Medicare prescription - drug bill Republicans had approved two years earlier.

A series of cuts known as the sequester slashed spending by tens of billions of dollars early in the year, until a deal to restore some of the reductions this year.

Deferred business spending and recent investment - oriented tax cuts will continue to reinforce a typcal late - cycle rotation toward investment - led growth during the balance of the year.