Federal Budget 2018–19 SME Tax Update: Tax Cuts for All

2018 ◽  
Author(s):  
Justin Dabner
Keyword(s):  
Federal Budget ◽  
Tax Cuts

Upsetting National Priorities: The Reagan Administration's Budgetary Strategy

1988 ◽  
Vol 82 (4) ◽  
pp. 1293-1307 ◽  
Author(s):  
Mark S. Kamlet ◽  
David C. Mowery ◽  
Tsai-Tsu Su
Keyword(s):  
Federal Budget ◽  
Defense Spending ◽  
Domestic Spending ◽  
Tax Cuts ◽  
Budgetary Priorities

We use simulations based on a multiequation model of federal budgetary outcomes to assess the Reagan administrations impact on the federal budget during fiscal years 1982–86. Reagan's aggregate budget priorities represent a significant departure from the priorities of prior postwar administrations. The bulk of this shift in priorities had occurred by fiscal 1984. Defense spending and uncontrollable domestic spending were higher, and spending on domestic controllable programs lower under Reagan than they would otherwise have been. The distinctiveness of Reagan's budgetary priorities can be attributed to his tax cuts and—far from a strategy of “starving the budget by reducing revenues”—to a failure to allow fiscal pressures to restrain spending. The model projects that without tax cuts Reagan's predecessors would have spent no less on defense than Reagan. Cutting taxes increased the deficit by about $400 billion cumulatively during fiscal years 1982–86 and reduced expenditures by roughly $30 billion.

scholarly journals Trust in institutions: Narrowing the ideological gap over the federal budget

2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Kim-Lee Tuxhorn ◽  
John W. D'Attoma ◽  
Sven Steinmo
Keyword(s):  
Federal Budget ◽  
Population Based ◽  
Trust In Government ◽  
Trust In Institutions ◽  
The Government ◽  
Budgetary Decisions ◽  
Spending Cuts ◽  
Population Based Survey ◽  
Tax Cuts

Do liberals and conservatives who trust the government have more similar preferences regarding the federal budget than liberals and conservatives who do not? Prior research has shown that the ideological gap over spending increases and tax cuts narrows at high levels of trust in government. We extend this literature by examining whether the dampening effect of trust operates when more difficult budgetary decisions (spending cuts and tax increases) have to be made. Although related, a tax increase demands greater material and ideological sacrifice from individuals than tax cuts. The same logic can be applied to support for spending cuts. We test the trust-as-heuristic hypothesis using measures of revealed budgetary preferences from a population-based survey containing an embedded budget simulation. Our findings show that trusting liberals and conservatives share similar preferences toward spending cuts and tax increases, adding an important empirical addendum to a theory based on sacrificial costs.

A Tale of Two Tax Cuts

2013 ◽  
Author(s):  
Benjamin C. Waterhouse
Keyword(s):  
Reagan Administration ◽  
Federal Budget ◽  
Contentious Politics ◽  
Organized Labor ◽  
The Other ◽  
Tax Reduction ◽  
Capital Intensive ◽  
Tax Cuts

This chapter analyzes how the interlocking problems of taxation and the federal budget set the stage for the contentious politics of business in the 1980s. During the Reagan administration, ideological small-government conservatives clashed openly with the heads of manufacturing and other traditional capital-intensive business firms. In spite of their superficial common opposition to Keynesian demand stimulus and organized labor, these disparate groups of conservatives held sharply divergent priorities. Their struggle produced a tale of two tax cuts. One, supported by industrialists, aimed to revitalize manufacturing by providing incentives for investment and savings. The other, an antistatist quest to lower all taxes, garnered greater populist appeal. Although not mutually exclusive—both found a way into Reagan's tax reduction legislation in the summer of 1981—these competing visions marked an emerging schism within the ranks of conservatism.

scholarly journals Federal budget focused on tax cuts, not health

2006 ◽  
Vol 174 (12) ◽  
pp. 1700-1700
Author(s):  
W. Kondro
Keyword(s):  
Federal Budget ◽  
Tax Cuts

The Federal Budget: After the Election

1985 ◽  
Vol 2 (1) ◽  
pp. 47-58
Author(s):  
William Hoaglund
Keyword(s):  
Federal Budget

What Does Rent Give to Federal Budget (on the Russia's Budget Dependence upon "Oil Dollars")

2004 ◽  
pp. 51-69 ◽  
Author(s):  
E. Sharipova ◽  
I. Tcherkashin
Keyword(s):  
Oil And Gas ◽  
Strong Dependence ◽  
Oil Prices ◽  
Federal Budget ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Resource Rent ◽  
Tax Legislation ◽  
Russian Economy ◽  
The Government

Federal tax revenues from the main sectors of the Russian economy after the 1998 crisis are examined in the article. Authors present the structure of revenues from these sectors by main taxes for 1999-2003 and prospects for 2004. Emphasis is given to an increasing dependence of budget on revenues from oil and gas industries. The share of proceeds from these sectors has reached 1/3 of total federal revenues. To explain this fact world oil prices dynamics and changes in tax legislation in Russia are considered. Empirical results show strong dependence of budget revenues on oil prices. The analysis of changes in tax legislation in oil and gas industry shows that the government has managed to redistribute resource rent in favor of the state.

The Instruments of the Stabilization Fund: The Experience and Prospects

2004 ◽  
pp. 65-75 ◽  
Author(s):  
Mst. Afanasiev
Keyword(s):  
Economic Growth ◽  
Oil Prices ◽  
Federal Budget ◽  
Future Generations ◽  
The World

Сreation of the stabilization fund has become the main feature of the Russian federal budget for 2004. This instrument provides the opportunity to reduce the dependence of budget incomes on the fluctuations of oil prices. The accepted model does not consider the world experience in building of such funds as the "funds for future generations", and the increase of other revenues from the growing oil prices as well. That can lead to shortening and immobilization of the financial basis of economic growth.

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