Budget Digest: Automatic Stabilizers
October 15, 2019
October 15, 2019
WASHINGTON, Oct. 15 -- Rep. Steve Womack, R-Arkansas, ranking Republican member of the House Budget Committee, issued the following budget digest:
What are automatic stabilizers? Automatic stabilizers are "features built into the economy's tax and transfer system that lower taxes and increase spending as the economy weakens."/1 Examples include the federal income tax, unemployment compensation, and means-tested income support programs such as the Supplemental Nutrition Ass . . .
What are automatic stabilizers? Automatic stabilizers are "features built into the economy's tax and transfer system that lower taxes and increase spending as the economy weakens."/1 Examples include the federal income tax, unemployment compensation, and means-tested income support programs such as the Supplemental Nutrition Ass . . .