In replacing business taxes with a value-added tax, the government has eased the fiscal burden on small firms.
So they face both a shortfall in growth and a ballooning fiscal burden.
At the same time, the fiscal burden on the diminishing number of worker-bees will rise as more people turn into pensioner drones.
In this 2006 post, for instance, he lists a bunch of reasons he worries about immigration, including the impact on low-skilled natives and the fiscal burden.
It all adds to the fiscal burden on overstretched governments and suggests that some subtle culling of benefits will occur (for example, by not fully upgrading benefits for inflation).
The UK is pressing for a series of solutions, including a larger bailout fund, euro bonds and structural reform within the European Union - which could lead to greater fiscal burden-sharing between the poorest and wealthiest countries.
But we need to recognize that the fiscal burden they are placing on taxpayers is going to grow rapidly in the years to come, and that the best way forward is to reform them to make them sustainable for future generations.
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Like Barack Obama in the US, Mr Key's essential economic-policy challenge is that he will be expected to provide substantial economic stimulus as soon as he takes office, yet the weakness of the domestic economy will reduce tax revenues and limit his scope to raise spending without also increasing the fiscal burden.
These economies are now struggling with aging populations and the burden of fiscal over-indulgence.
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Second, America and a few countries cannot be expected to bear the burden of the fiscal and interest rate stimulus alone.
These companies are evaluating whether operating in Puerto Rico still makes fiscal sense following the new tax burden.
International donors and lenders continue to be concerned about the quality of fiscal management and Gambia's debt burden.
But what it does not do is attempt to get our fiscal house in order by placing the entire burden on seniors and families with disabled children, or other low-income Americans who depend on these health care programs literally for, in some cases, for their survival.
So the burden of restoring confidence must fall on fiscal austerity, a rare commodity in Brazil.
It was George Osborne, the chancellor of the exchequer, who bore the burden of substantively rejecting the case for fiscal loosening.
Our economic success and fiscal discipline now give us the opportunity to lift that burden.
The best fiscal lever to pump growth is a combined federal tax burden--income, capital gains, dividends, corporate, estate, etc.
We very much hope that the super committee will fulfill its mandate, produce a proposal that is balanced and fair, that doesn't ask any sector of society to bear the burden of reducing our deficits and getting our fiscal house in order.
The fiscal cliff plan does, overall, place a greater tax burden on the wealthy.
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But what would happen if China in particular slowed, the fiscal stimulus ran out, and interest rates made the debt burden more expensive?
Despite the toughest fiscal adjustment by any rich country since 1945, Greece's debt burden will, on plausible assumptions, peak at 165% of GDP by 2014.
The single currency has deprived its members of any independent control over monetary policy or the exchange rate, so the burden of any necessary response to a recession falls more on fiscal policy.
With so many states in fiscal crisis right now, few can afford to take on any additional financial burden, and many would jump at the chance to divert some of that burden to someone else.
He believes that if you approach this issue in a balanced way, you can ensure that no one is unduly burdened, that everyone shares in the burden and shares in the ensuing prosperity that comes from getting our fiscal house in order.
The key to fiscal responsibility is making sure the productive sector of the economy grows faster than the burden of government spending.
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But by reducing the ability of fiscal policy to respond to developments in the economy, such constraints could put an excessive burden on monetary policy to prevent economies from either overheating or diving into recession.
But balance is essential so that no sector of American society has to bear the burden by itself, or unduly, of reducing our deficit and getting our fiscal house in order for the long term.
That's the way to ensure that in dealing with our fiscal challenges, we do not ask, as the Republican plan does, that the burden of meeting those challenges falls solely on middle-class Americans, seniors, the parents of children with disabilities, and others.
His Fiscal Commission, as I noted last year, suggested a big hike in the payroll tax burden.
From a fiscal point of view, more children are not necessarily a blessing: their education is a burden on the public finances.
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