Patty Murray (D-WA), who will be the Democratic co-chair of the panel, formally known as the Joint Select Committee on Deficit Reduction.
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In the next two weeks you are going to hear more and more about the Joint Select Committee on Deficit Reduction, commonly referred to as the Supercommittee.
The medical community is buzzing with concern this afternoon over what the failure of the Joint Select Committee on Deficit Reduction means for healthcare providers and recipients.
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Market watchers said by the end of next week, many more investors will keep an eye on the back and forth between the selected members of the Joint Select Committee on Deficit Reduction, known as the super committee.
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With the failure of the Joint Select Committee on Deficit Reduction, or the so-called Super Committee, a scramble is now likely in Congress to determine if it can piece together a package that will preserve some short-term fiscal stimulus.
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Barclays economist Troy Davig said on Friday that the failure of the Joint Select Committee on Deficit Reduction, or the so-called Super Committee, a scramble is now likely in Congress to determine if it can piece together a package that will preserve some short-term fiscal stimulus.
The 2011 Budget Control Act, which raised the debt ceiling and created both the fiscal cliff and a Joint Select Committee on Deficit Reduction, which was supposed to find a way to steer clear of it, required four hundred and eighty-seven billion dollars in cuts to military spending, spread over the next ten years.
The legislation also increases the deficit reduction target for the Joint Committee by the amount of the cost of the jobs package and specifies that, if the Committee reaches that higher target, then their measures would replace and turn off the specific offsets in this legislation.
The Joint Program contributes to the achievement of poverty reduction in Kars and its environs through leveraging the cultural tourism sector in a way which fosters social cohesion and creates income opportunities for the poor.
Last year he went further, proposing the closure of the Joint Forces Command in Virginia and a 10% reduction in the budget for contract workers for each of the next three years.
Everyone knows we have to do more, and a special joint committee of Congress is assigned to find more deficit reduction.
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It cannot achieve likely targets for deficit reduction without attacking personnel costs unless it wants to leave the joint force bereft of cutting-edge weapons at a time when other countries are fielding impressive new military systems.
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The Congressional Joint Committee on Taxation, for instance, said that the capital gains tax reduction from 20% to 15% would cost the government money.
Making matters worse, the Joint Committee of Taxation issued a report stating that in order to pay for a reduction of the top corporate rate to 28%, Congress would have to eliminate virtually all corporate tax deductions, including those for domestic manufacturing, the very industry President Obama aims to protect with the reduction in rates.
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And on top of all of this is the threat of future defense cuts that would be triggered by the budget control act's sequester mechanism in the event that the joint committee, which Frank mentioned I happen to serve on, doesn't come up with a spending reduction package that Congress can pass.
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