Search for Imf: Budget Cuts Hurt Growth A Lot. But Tax Increases Barely Matter. on Bing

A new study (pdf) by the International Monetary Fund raises a further warning flag for fiscal cliff negotiators in the U.S. In what it bills as the first-ever study of its kind, the fund analyzed decades of data on the world's major industrialized countries to estimate how changes in government spending or revenue affect economic output.

BING NEWS:
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    California Gov. Gavin Newsom is preparing to update his budget proposal. Newsom announced a nearly $38 billion budget deficit in January.
    05/10/2024 - 1:22 am | View Link
  • Top Biden aide highlights upcoming tax showdown with GOP over 2017 cuts that are due to expire
    But if all the tax cuts are extended, then another $4.6 trillion would be added to the national debt over the next decade, according to the Congressional Budget Office ... 2017 tax cuts failed to ...
    05/9/2024 - 3:10 pm | View Link
  • Post misrepresents 2020 video of Biden proposing tax increases on wealthy | Fact check
    The 2020 video shows Biden speaking to a specific individual who'd previously benefitted from tax cuts, not referring to the whole crowd.
    05/9/2024 - 5:06 am | View Link
  • Extending Trump’s tax cuts would cost US trillions of dollars in new forecast
    The Congressional Budget Office (CBO) projected in a new report that the extension of tax cuts passed as part of former President Trump’s signature 2017 tax law could add trillions of dollars to ...
    05/8/2024 - 1:01 pm | View Link
  • IMF Boosts Asia Growth Forecast This Year on China, India
    IMF Boosts Asia Growth Forecast This Year on China, India Regional forecast increased to 4.5%, up from 4.2% in October Disinflation, prospect for lower rates help to balance risks ...
    04/29/2024 - 1:00 pm | View Link
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