Those who comply with the budget cap will gain greater technical freedom and unlimited out-of-season testing.
"Williams has supported the introduction of a budget cap since the idea was first put forward early in 2008, " he said.
The budget cap itself is significant, as is the fact that it was agreed to by health care providers and unions.
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McLaren's Martin Whitmarsh wants a solution which "may or may not include a budget cap, but which ideally would not encompass a two-tier regulatory framework".
Independent F1 teams such as Brawn GP have supported the measures, with current championship leader Jenson Button telling BBC Sport he backed Mosley's budget cap.
The Italian was also a key figure in the Formula 1 teams' association, Fota, and was central to its successful opposition to the FIA's plans to introduce a controversial budget cap and regulations changes in 2010.
Mr Chirac said no to that, arguing that the current CAP budget is already sorted until 2006.
Kirsty Williams AM, leader of the Welsh Liberal Democrats, agreed with the assembly minister that the CAP budget should be maintained.
Yet this smaller CAP budget will also be under greater pressure.
There is, apparently, money in the existing Common Agricultural Policy (CAP) budget.
According to studies by the Congressional Budget Office and others, Cap and Trade legislation could force U.S. energy producers to close facilities and cut production to comply with its mandates.
"Any delay in agreeing this budget and any cuts to either Cap or structural funds would not be in Wales' best interests, " he said.
His biggest claim to fame was the so-called Ryan Budget, which sought to slash the government budget by trillions of dollars and cap tax rates.
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He later served as Governor Reagan's budget director, during which time Cap acquired an awesome reputation for going over spending requests, line by line, and then reorganizing the agency.
Since the CAP is the main reason for Britain's budget imbalance (it has relatively fewer farmers than other members do), trading the rebate for CAP reform seems to make sense.
In his latest budget, the chief executive proposed a cap on tax-preferred retirement accounts.
If you put a cap on it (the budget), they've got to think outside the box.
But Mr Blair has found an answer for them: the biggest item in the budget, the common agricultural policy (CAP), is egregious too.
Euro aspirants must show that they can keep their budget deficits below 3% of GDP and cap their debt ratio at 60%.
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The CAP accounts for nearly half the EU budget yet only 4% of workers are employed in agriculture.
The cap on tax relief announced in the Budget has made giving to charity a big political issue.
The Common Agricultural Policy (CAP) swallows the biggest share of the EU budget.
Regier went into damage control in the days that followed and explained that despite plenty of salary cap room, the Sabres had exceeded the internal budget set by ownership.
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It exceeds the cap set for defense programs in last year's budget deal by several billion dollars.
Both President Obama and congressional Republicans want to cap some domestic spending programs as a way to reduce the budget deficit.
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In December's pre-Budget report, Labour announced belt-tightening measures including a 1% cap on public sector pay rises and an increase in National Insurance from 2011.
Alun Davies AM supported the party's motion calling on the assembly to recognise the importance of the budget of the European Union for the future of the Common Agricultural Policy (CAP) and regional funds.
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