Feldstein estimated that a fairly comprehensive cap could cut the deficit by almost half over time.
If a cap gains cut came, the Reagan expansion stood to continue indefinitely as the budget deficit shriveled.
The cap is cut by canyons and troughs that plunge as deep as one kilometre beneath the surface.
The rumor is that Larry Lindsey feared spending any political capital on a cap gains tax cut, that he thought it would jeopardize congressional support for his income tax cut.
The current mess has its origins in the late 1990s, when then chairman Mark Moody-Stuart, instead of beefing up exploration and production, cut cap-ex and dismissed thousands of seasoned managers and engineers.
This confused even his own party allies, such as finance committee chairman Lloyd Bentsen, who assumed that a newly elected Republican president who hailed from the Eastern establishment would be permitted a cap gains rate cut as a matter of course.
If the cap gains tax were cut to 15%, we'd see a more rowdy 3.5% to 4%.
Last year, when the House Republicans were passing the cut, cap and balance rule, the White House called it an empty political statement.
Still, in Connecticut, State Senate Minority Leader John McKinney (R-Fairfield), has been mounting a spirited campaign to "cut and cap the gas tax", which at 70.8 cents a gallon (including the federal levy) is the highest in the region.
They told Senate Majority Leader Harry Reid the fate of the nation was on his hands, with Cantor telling him he had three options, sit back and watch the U.S. collapse, accept the new bill, or accept prior Cut, Cap, and Balance bill.
FORBES: Boehner and Cantor To Reid: Pass Our New Bill, Pass Cut Cap N' Balance, Or Face Default
He has not publicly called for the elimination of any government agencies (although he reportedly suggested dispensing with Housing and Urban Development at a fund-raising event), but he does want to both cut and cap federal spending, and turn expensive federal programmes such as Medicaid and food stamps into block grants administered by the states.
ECONOMIST: Republicans are for states�� rights��when it suits them
Sulphur dioxide pollution in America has been cut by a successful cap-and-trade system.
It's the Autumn Statement decision to cap - or should that be cut?
The EU Emissions Trading Scheme ( ETS) has been seen as the world's best attempt to cut carbon by means of cap and trade.
BBC: Green energy on the back foot after carbon trading blow
Europe adopted a cap-and-trade system to cut its emissions under Kyoto only because America was plugging the idea before it pulled out.
The Principality of Monaco coat of arms provided the inspiration for a circle of rhomboid-shaped cut rubies arranged on the cap of the writing instrument.
Investors who want to reduce their risk should cut their exposure to small-cap stocks.
But if I were to replace my Comcast cable subscription with an Internet-only service, I would then begin to cut into my Comcast Internet data cap.
The Titans got started in free agency last month when they signed veteran safety George Wilson to a contract after he was cut by the Bills as a salary cap casualty.
The GOP says it would cut government spending to pre-2009 levels and cap future discretionary spending.
But Citi didn't make the final cut because only 10 of the 24 large-cap funds hold it.
The cap-and-trade scheme he wanted to adopt to cut greenhouse-gas emissions evaporated in the febrile air of Congress.
Mr Miliband said Labour would fund the reduced cap on tuition fees by scrapping the government's planned cut in corporation tax for financial services and increasing the interest rate on the loans of the highest-earning graduates.
At the same time East Kalimantan, where Bayan operates, is considering plans to cap annual coal output in an effort to promote alternative energy and cut back on the damage coal mining has done to the environment.
Five became six in the 68th minute when Scott snatched the ball on the touchline, cut inside and placed a clever finish past Roche to cap a famous afternoon for the Daggers and an utterly forgettable one for Morecambe.
Florida voters approved property tax relief to low-income seniors (Amendment 11) and for veterans and their surviving spouses (Amendments 2 and 9) but rejected a freebie (Amendment 4) that would have cut in half from 10% to 5% the cap on annual changes to property tax assessments for non-homesteaders aka snowbirds.
FORBES: California Voters Sock It To The Rich (And The Fate Of Other State Tax Ballot Measures)
The final bill removed a cap on how much high-wage workers could benefit from the tax cut.
FORBES: Note To The Rich: Don't Spend All of Your Payroll Tax Cut Yet
But payroll service firms objected that imposing such a cap would make it impossible for them to accommodate the short-term tax cut in time for January paydays.
FORBES: Note To The Rich: Don't Spend All of Your Payroll Tax Cut Yet
Revis is one of the highest-paid players on a team that just cut five players to get under the league's mandated salary cap, and his contract is up after next season.
We're not putting forward an across-the-board freeze, but rather an overall cap on non-security discretionary funding in which key investments are expanded but we cut back on programs that are ineffective, duplicative, or just wasteful.
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