U.S. Fiscal Policies and Priorities for Long-Run Sustainability

This paper presents an overview of recent U.S. fiscal developments and discusses possible implications of the sharp turn around in the governmentâ€™s fiscal position. Against this back ground, it also reviews key policy challenges that will need to be addressed to cope with the mounting pressures on public retirement and health care systems during the next decade. The study draws principally from back ground papers that were prepared for the IMF staffâ€™s annual consultation discussions with the U.S.authorities in 2002 and 2003.

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Year of publication:	2004-01-07
Authors:	Mühleisen, Martin ; Towe, Christopher M.
Institutions:	International Monetary Fund (IMF)
Subject:	Economic growth \| medicare \| tax cuts \| health care \| public debt \| fiscal policy \| real interest rates \| tax revenues \| taxation \| fiscal imbalance \| fiscal variables \| fiscal gap \| fiscal position \| retirement \| budget balance \| fiscal deficits \| tax system \| budget process \| tax rates \| crowding \| fiscal policies \| fiscal transparency \| real interest rate \| inflation \| budget deficits \| natural gas \| fiscal consolidation \| budget deficit \| budget office \| health care costs \| medical insurance \| budget enforcement \| inflation rate \| fiscal balance \| payroll tax \| petroleum products \| energy policy \| carbon dioxide \| budget authority \| tax credit \| budget discipline \| payroll taxes \| taxable income \| personal income tax \| fiscal adjustment \| health care spending \| medicare spending \| budget enforcement act \| current account deficit \| government spending \| fiscal years \| tax policy \| tax revenue \| health insurance \| tax collections \| income households \| fiscal accounts \| fiscal deficit \| fiscal responsibility \| fiscal sustainability \| fiscal discipline \| tax increases \| carbon dioxide emissions \| state tax \| tax reform \| retirement accounts \| energy information administration \| carbon emissions \| national energy \| budget surplus \| greenhouse gas \| health care systems \| capital gains tax \| capital spending \| fiscal problem \| fiscal cost \| care systems \| primary deficit \| fiscal system \| fiscal crisis \| spending cuts \| oil producers \| gasoline taxes \| fuel taxes \| fuel economy \| petroleum imports \| income tax rates \| double taxation \| capital gains taxes \| tax measures \| property taxes \| budget rules \| retirement age \| fee-for-service \| normal retirement age \| fiscal situation \| tax incentives \| fiscal expansions \| fossil fuels \| unleaded gasoline \| gasoline tax \| greenhouse gas emissions \| fuel consumption \| expansionary fiscal \| income tax revenues \| gas emissions \| dioxide emissions \| monetary policy \| gasoline prices \| financial situation \| tax treatment \| retirement benefits \| minimum benefit \| pensions \| sulphur dioxide \| gasoline consumption \| gasoline price \| retirement income \| contribution rate \| nitrogen oxides \| federal tax \| intergovernmental transfers \| taxing powers \| tax liability \| tax systems \| tax changes \| account deficits \| tax preferences \| current account deficits \| tax payments \| fiscal multipliers \| tax reforms \| fiscal improvement \| tax increase \| structural fiscal \| taxes on labor \| budget requirements \| health expenditure \| fiscal stimulus \| local fiscal crisis \| fiscal projections \| budget balances \| tax burden \| fiscal pressures \| budget measures \| federal fiscal system \| public spending \| price of health care \| fiscal reform \| fiscal policy objectives \| health expenditures \| prescription drugs \| public health \| fiscal impulse \| tax credits \| administrative costs \| fiscal consequences \| budget transparency \| capital investments \| fiscal relations \| health care system \| increase in interest rates \| aggregate demand \| monetary economics \| budgetary funds \| fiscal rules \| budgetary impact \| budget resolution \| tradable emissions \| tradable carbon \| gas and electricity \| fiscal equity \| tax ratio \| government expenditure \| debt service \| capita health expenditure \| budget imbalance \| expenditure growth \| environmental protection \| carbon content \| carbon tax \| oil market \| fuel sources \| oil exploration \| economic theory \| expenditure adjustment \| fiscal outlook \| fiscal balances \| expenditure cuts \| fiscal federalism \| large taxpayers \| fiscal vulnerability \| corporate taxes \| sales taxes \| expansionary fiscal policy \| tax receipts \| personal income tax revenues \| expenditure restraint \| budget reform \| budget surpluses \| government expenditures \| expansionary fiscal policies \| local government expenditures \| inheritance tax \| tax legislation \| capital expenditures \| fiscal constraint \| fiscal issues \| estate taxes \| fiscal contraction \| federal taxes \| budget constraints \| cutting tax rates \| tax-sharing arrangements \| income taxes \| state budget \| pipeline safety \| arctic national wildlife \| fuel tax \| environmental degradation \| reduction in carbon dioxide emissions \| tradable permits \| environmental protection agency \| energy efficiency \| energy production \| carbon taxes \| petroleum consumption \| alternative energy \| electric utilities \| emissions allowances \| landfill methane \| pipeline operators \| allowance trading \| emissions abatement \| abatement policies \| renewable energy \| underground storage \| budget period \| defense spending \| expenditure policy \| long-term fiscal sustainability \| budget officials \| budget choices \| oil imports \| diesel fuel \| emission intensity \| nitrogen oxide emissions \| fuel demand \| fiscal outturns \| budget act \| fiscal authorities \| health indicators \| health care delivery \| fee-for-service basis \| medical services \| health insurance system \| private insurers \| private consumption \| medical care costs \| health care plans \| fiscal developments \| fiscal impact \| demand-side effects \| fiscal variable \| medicare beneficiaries \| fee-for-service system \| medicaid system \| fiscal targets \| increase in expenditures \| energy taxation \| fiscal resources \| income taxpayers \| cost-sharing arrangements \| care plans \| fiscal revenue \| fiscal responsibilities \| tax base \| health maintenance \| prescription drug \| fiscal expansion \| tax returns \| block grant \| insurance coverage \| tax cut \| fiscal objectives \| government deficit \| health insurance coverage \| medical care \| fiscal management \| fiscal policy framework \| fee-for-service plans \| tax breaks \| fiscal activities \| health care providers \| price elasticity \| fiscal imbalances \| private health insurance \| quasi-fiscal activities \| community services \| health insurance program \| expenditure increases \| insurance system \| health care services \| foreign capital \| fiscal surpluses \| insurance systems \| fiscal risks \| local taxes \| fiscal implications \| social security spending \| budget controls \| moral hazards \| retirement savings \| labor income \| life expectancy \| benefit formulas \| annuity payments \| average wage growth \| tax rate \| benefit adjustments \| pension \| wage growth \| pensionable earnings \| benefit formula \| investment risk \| national accounts \| survivors insurance \| tax purposes \| income tax system \| tax shelters \| tax revenue projections \| tax rate reductions \| tax deductions \| individual income tax \| marginal tax rates \| nominal interest rates \| tax simplification \| tax expenditure

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Extent:	application/pdf
Series:	IMF Occasional Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Occasional Papers Number 227 6 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005824863