Word: budgeting
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...Whether the U.S. defense budget is $299 billion or $320 billion, it would have no effect on the standard of living of the American people. But in our conditions, an increase or decrease of the military budget by 6 billion or 7 billion rubles has a direct influence on the material well-being of the people. Any cut in the military budget makes it possible to come more quickly out of our difficulties. The military is well aware of that. We are keeping the minimum required for maintaining the armed forces in a state of readiness to rebuff a possible...
George Bush has decided that, for a while at least, he can live without a capital-gains tax cut. After failing to force the Senate to include such a reduction in next year's budget bill, Bush abandoned the idea last week. The President's backdown could provide the basis for a compromise that would undo $16 billion in across-the-board spending cutbacks that went into effect last month. If no agreement can be reached, $8.1 billion will be slashed from popular programs such as Medicare and college loans...
Last year, 23 percent of the value of mortgage interest deductions went to the two percent of taxpayers with incomes greater than $100,000. A 1981 study by the Congressional Budget Office shows three-fourths of the benefits go to the richest fifth of taxpayers...
...mortgage interest deduction is about the most inefficient means imaginable for chaneling housing assistance to the needy. It is far less efficient, for example, than direct subsidies. Yet it was these subsidies that suffered more than any other program from Reagan's budget-cutting axe. In 1981, the federal government spent $33 billion on direct housing assistance. By 1989, it had been slashed to $8 billion. During the 1970s, the federal government built anywhere from 200,000 to 300,000 units of low-income housing per year. This year, it will build...
...spend $30 billion through the tax code than to mail out one million checks for $30,000. It wasn't until 1974 that Congress and the President were even required to list the revenue loss of "tax expenditures" such as the mortgage interest deduction as costs on the budget...