In his congressional testimony on January 25, Greenspan surprised Wall Street observers by declaring that in light of upward revised Federal surplus
estimates to a hefty $5.
and The Federal Surplus
Outlook -- An Evaluation) and a panel discussion on changes in the financial industry landscape resulting from new accounting regulations.
State Purchasing Agent Ellen Bickelman said the state has 136 contracts providing goods such as computers, baked goods and bottled water, and oversees sales of state and federal surplus
goods ranging from file cabinets to tugboats, of which communities can take advantage.
With the current federal surplus
in the trillions and the state surplus at $10 billion, there isn't any reason not to reduce taxes.
As discussion and debate intensify in Congress over the size and timing of a tax cut, city officials are being advised by allies on the Hill to communicate to Congress the importance of using some of the federal surplus
to invest in the future of our cities and towns, and not solely to provide relief to tax payers.
The paydown of debt associated with the federal surplus
has helped to hold down longer-term interest rates, which in turn has encouraged capital formation and reduced debt burdens.
The GSA, which conducted over $260 million in Federal surplus
property sales in 1999, expects that the new auction site will enable GSA to service a rapidly growing portion of the government asset sales market.
The proposed "Tax Cut With a Purpose Act," is aimed at taking advantage of the federal surplus
, which is projected to reach an all-time high of $5.
Case said he advocates increasing the exemption, but wants to first focus on building a federal surplus
Speaking of class warfare, the latest budget numbers put the total federal surplus
The Bush administration's determination to dedicate 25 percent of the anticipated $5 trillion federal surplus
to across the board tax cuts, and the rest to debt reduction and shoring up Social Security could leave little for investment in the future of local communities.
Yet despite a projected federal surplus
of $2 trillion over the next 10 years, President Clinton is reluctant to put much tax money back into the hands of the people who earned it.