- Federal Budget Estimates for Fiscal Year 2007
ON February 6, 2006, the President submitted the Federal Budget of the U.S. Government, Fiscal Year 2007 to Congress.1 For fiscal year 2007, the Federal budget projects a $354.2 billion deficit, a $68.9 billion decrease from the $423.2 billion deficit that is projected for fiscal year 2006. The fiscal year ......
- The federal budget battle: buy now-pay later proposals
too costly for African Americans, says economist. (The Economy &
You).
African Americans, haunted by double-digit unemployment rates and federal deficits to cover policy makers with excuses for not funding programs, now face another threat: a "buy now, pay later" federal budget that mortgages the future and proposes tax cuts that favor America's rich. In January 2001, the nonpartisan Congressional Budget ......
- Federal budget a mixed bag for state and local
government: The presidents fiscal 2004 budget reduces or even cuts
funding for many state and local government programs traditionally
funded by the federal...
A president's budget is not only a ledger of federal revenues and expenditures, but also a document of purpose--of political as well as fiscal design. Together with the State of the Union address, the president's budget proposal inaugurates each new session of Congress, outlines the administration's policy priorities, and heralds ......
- Do budget deficits reduce household taxpayer
compliance? Preliminary evidence using the feige
data.
ABSTRACT This study empirically investigates the hypothesis that, in the U.S., higher federal budget deficits induce a decrease in the degree of household taxpayer compliance, i.e., induce an increase in the degree of income tax evasion by households. Using the annual data on aggregate personal income tax evasion for ......
- A Glossary of Terms Used in the Federal Budget
Process.
GAO-05-734SP September 1, 2005 This fifth edition of A Glossary of Terms Used in the Federal Budget Process replaces the 1993 Exposure Draft. It fulfills part of GAO's responsibility to publish standard terms, definitions, and classifications for the government's fiscal, budget, and program information. It was developed in cooperation with ......
- The aftereffects of a balanced federal
budget.
Balancing the Federal Budget: Trimming the Herds or Eating the Seed Corn? Published by Chatham House Publishers (888) 334-3327 www.chathamhouse.com 2003; 318 pages; $24.95 Balancing the Federal Budget, by Irene S. Rubin, offers a first-hand glimpse at how the federal government tried and finally succeeded in balancing the budget. Having ......
- Is State Fiscal Policy Asymmetric Over the Business
Cycle?
A number of stabilizers are thought to mute the business cycle. One key stabilizer is federal fiscal policy. The federal budget surplus tends to rise during economic booms and fall in downturns, helping to stabilize consumers' disposable income and thereby mitigate economic fluctuations. During booms, for example, the budget surplus ......