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Deficit Reduction and Fiscal Policy: Considerations and Options

$152.00

Donovan M. Kurt (Editor)
Vern E. Witt (Editor)

Series: Economic Issues, Problems and Perspectives, Monetary, Fiscal and Trade Policies
BISAC: POL024000

The federal budget has been in deficit since 2002, but became significantly larger in 2009. That year, the deficit topped $1 trillion for the first time ever. Relative to the overall size of the economy, budget deficits from 2009 to 2011 have been significantly larger than in any other year since World War II. This book examines and discusses the size of the projected budget deficit; how much the deficit would need to be reduced to return to long-term sustainability; President Obama’s fiscal commission and other initiatives; and business investment and employment tax incentives to stimulate the economy. (Imprint: Nova)

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Table of Contents

Table of Contents

Preface

Reducing the Budget Deficit: Policy Issues
(Marc Labonte, CRS)

Reducing the Budget Deficit: The President’s Fiscal Commission and Other Initiatives
(Mindy R. Levit, CRS)

Addressing the Long-Run Budget Deficit: A Comparison of Approaches
(Jane G. Gravelle, CRS)

Reducing the Budget Deficit: Tax Policy Options
(Molly F. Sherlock, CRS)

The Economic Implications of the Long-Term Federal Budget Outlook
(Marc Labonte, CRS)

Can Contractionary Fiscal Policy Be Expansionary?
(Jane G. Gravelle, Thomas L. Hungerford, CRS)

Business Investment and Employment Tax Incentives to Stimulate the Economy
(Thomas L. Hungerford, Jane G. Gravelle, CRS)

Index

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