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  2. Fiscal policy - Wikipedia

    en.wikipedia.org/wiki/Fiscal_policy

    Contractionary fiscal policy, on the other hand, is a measure to increase tax rates and decrease government spending. It occurs when government deficit spending is lower than usual. It occurs when government deficit spending is lower than usual.

  3. National fiscal policy responses to the Great Recession

    en.wikipedia.org/wiki/National_fiscal_policy...

    Throughout that year a number of fiscal measures were introduced including a £145 tax cut for basic rate (below £34,800 pa earnings) tax payers, a temporary 2.5% cut in Value Added Tax (Sales Tax), £3 billion worth of investment spending brought forward from 2010 and a variety of other measures such as a £20 billion Small Enterprise Loan ...

  4. Fiscal policy of the United States - Wikipedia

    en.wikipedia.org/wiki/Fiscal_policy_of_the...

    Fiscal policy is the application of taxation and government spending to influence economic performance. The main aim of adopting fiscal policy instruments is to promote sustainable growth in the economy and reduce the poverty levels within the community. In the past, fiscal policy instruments were used solve the economic crisis such as the ...

  5. Here's how the disconnect between monetary and fiscal policy ...

    www.aol.com/heres-disconnect-between-monetary...

    Fiscal Policy. Fiscal policy refers to the use of government spending and tax policies to influence economic conditions, especially macroeconomic conditions. ... or contractionary, fiscal policies ...

  6. Expansionary fiscal contraction - Wikipedia

    en.wikipedia.org/wiki/Expansionary_fiscal...

    The Expansionary Fiscal Contraction (EFC) hypothesis predicts that, under certain circumstances, a major reduction in government spending (such as austerity measures) that changes future expectations about taxes and government spending will expand private consumption, resulting in overall economic expansion.

  7. Government spending - Wikipedia

    en.wikipedia.org/wiki/Government_spending

    Expansionary fiscal policy is an increase in government spending or a decrease in taxation, while contractionary fiscal policy is a decrease in government spending or an increase in taxes. Expansionary fiscal policy can be used by governments to stimulate the economy during a recession. For example, an increase in government spending directly ...

  8. Procyclical and countercyclical variables - Wikipedia

    en.wikipedia.org/wiki/Procyclical_and...

    The concept is often encountered in the context of a government's approach to spending and taxation. A 'procyclical fiscal policy' can be summarised simply as governments choosing to increase government spending and reduce taxes during an economic expansion, but reduce spending and increase taxes during a recession.

  9. Omnibus Budget Reconciliation Act of 1993 - Wikipedia

    en.wikipedia.org/wiki/Omnibus_Budget...

    Transportation fuels taxes were raised by 4.3 cents per gallon. The portion of Social Security benefits subject to income taxes was raised from 50% to 85%. [3] The phaseout of the personal exemption and the limit on itemized deductions were permanently extended. The AMT tax rate was increased from 24% to tiered rates of 26% and 28%. [4]