The Effects of Government Expenditures and Revenues on the Economy and Economic Well-Being: A Cross-National Analysis

Hungerford, Thomas L

Library of Congress. Congressional Research Service.

关键词: Budgets;    Budget deficits;    Public welfare;    Gross national product;    Economic growth;   

RP-ID  :  RL33343
RP-ID  :  RL33343 2006-04-05

美国|英语

来源: UNT Digital Library

【 摘 要 】

Congress passed and the President signed a reconciliation bill (P.L. 109-171) to reduce mandatory spending by $39 billion between FY2006 and FY2010. A revenue reduction reconciliation bill (H.R. 4297) has not been enacted as of the date of this report. Many argue that tax and spending reductions will stimulate economic growth, whereas many others argue that tax cuts will lead to a larger deficit with adverse economic effects and that spending cuts will reduce critical government services. This report examines the effects of government spending and taxation on economic growth and economic well-being by comparing the United States with 20 other industrial Organization for Economic Cooperation and Development (OECD) countries.