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What do you think state governments with a balanced budget amendment do when income from sales tax and income taxes increase?
When the effect of a States' revenue taxes produce a surplus, there are a number of things that State officials need to do. One is to determine if on a long term basis this surplus will continue. If so, then discussions should be held as to whether these taxes should be lowered in order to have more of a total balance in their budgets. Also, considerations must be made concerning whether any scheduled increases in various taxes can be placed aside as revenue appears adequate. In addition, the surplus can be used to buy back state bonds that have been issued, or, whether projects gor infrastructure can be accomplished due to the surplus.
What else can I help you with?
What do Republicans want in return for a debt ceiling increase?
Spending reductions across the board (not just "discretionary" spending) and a balanced budget amendment to the Constitution.
If you are elected as a U.S. Representative what laws would you propose?
Propose a balanced budget amendment.
Why do conservative Republicans want a balanced budget amendment?
Because the Republicans want trimming in defense expenditure and more emphasis on public welfare sectors, thereby ensuring a balanced budget.
What is a major argument against a constitutional amendment requiring a balanced budget?
It would be hard to monitor.
What type of Constitutional amendment has been suggested to keep congress and the president from getting us deeper in debt?
One type of Constitutional amendment that has been suggested is a balanced budget amendment. This would require the federal government to balance its budget, meaning that it could not spend more than it takes in from taxes and other revenues. The goal of such an amendment is to prevent excessive borrowing and reduce the accumulation of debt. However, the effectiveness and practicality of a balanced budget amendment have been the subject of debate.
What is the balanced budget multiplier formula and how does it impact government spending and economic stability?
The balanced budget multiplier formula is 1. It means that for every dollar increase in government spending, there is an equal increase in taxes to balance the budget. This can impact economic stability by potentially reducing the overall impact of government spending on the economy.
Did Sam Houston have a balanced budget?
Yes, he did have a balanced budget.
Economists have proposed the rule that the cyclically adjusted budget deficit always be balanced Compare this proposal to a strict balanced-budget rule Which is preferable?
balanced budget
What phase of the budget is to submit a balanced presidents budget?
Budget & Execution
If the government were to operate under as strict balanced-budget rule what would it have to do in a recession Would that make the recession more or less severe?
it would make it more severe, since strict balanced budget refers to increase in taxes and reduce spending by the governmnet...
An accurate statement about achieving a balanced budget would be that?
most states require a balanced budget for state spending
How does the concept of a balanced budget apply to state government?
Only the operating budget must be balanced in state government.
