Come 2010, what do we have in our ten-year budget window for Roth?
After the initial 10-year budget window, CLASS will run up big deficits.
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So under Congress's 10-year budget window, the House bill is able to pay for seven years of spending with nine years of taxes.
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Those temporary budget savings thus cannot be used to offset spending in other programs (unless hitting the borrowing limit is pushed beyond the budget window).
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Elmendorf "has already indicated that the bill does nothing to rein in the costs of health care, and therefore may not be sustainable outside the 10-year budget window, " the letter said.
In the case of this tax bill, it was pushed through Congress as part of the budget reconciliation process, which means it can naturally only address the ten years of the budget window.
George argues that temporary provisions are the only tax laws where the costs are fully accounted for because permanent tax cuts can cost much more outside the budget window than in the five- or ten-year period considered when the legislation is debated.
"While the budget resolution takes important steps in the near-term of cutting the deficit in half by 2012 and by two-thirds by 2014, it is clear that more will be needed to address the long-term fiscal imbalance confronting the nation beyond the five-year budget window, " said Conrad.
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Inside the narrow budget projection window, the revenue-enhancing early years are counted.
You tend to throw the budget out the window if there is a good excuse to spend.
Most studios spend up to three-quarters of a picture's entire promotion budget in that brief window.
Both plans aim to improve the primary deficit, with President Obama nearly balancing the budget by the end of the time-window (2022).
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