Fiscal Policy in the United States

Other Popular Tax Concepts

• Federal Income Tax Law (sometimes, including Fiscal Policy)
• Tax Code (sometimes, including Fiscal Policy)
• Income Tax (sometimes, including Fiscal Policy)
• Tax Law Careers (sometimes, including Fiscal Policy)
• Tax Law Jobs (sometimes, including Fiscal Policy)
• Income Tax Law (sometimes, including Fiscal Policy)
• Taxation (sometimes, including Fiscal Policy)
• Taxation without representation (sometimes, including Fiscal Policy)
• Types of Taxation (sometimes, including Fiscal Policy)

Fiscal Policy (Economics Term) in the Federal Budget Process

Meaning of Fiscal Policy in the congressional and executive budget processes (GAO source): Federal government policies with respect to taxes and spending that affect the level, composition, and distribution of national income and output. The budget process is a major vehicle for determining and implementing federal fiscal policy. Many summary indicators of fiscal policy exist. Some, such as the budget surplus or deficit, are narrowly budgetary. Others attempt to reflect aspects of how fiscal policy affects the economy.

Concept of Fiscal Policy

In the U.S., in the context of Political Economy and Public Policy, Fiscal Policy has the following meaning: Taxing, spending, and borrowing practices of the federal government. (Source of this definition of Fiscal Policy : University of Texas)

Fiscal Policy

Resources

See Also

• Political Economy
• Public Policy

Resources

See Also

• Federal Appropriations
• Entries about the United States Budget Process in the Encyclopedia (including Fiscal Policy)
• Public Debt

Further Reading

• Legislatures and the budget process: the myth of fiscal control

  (J Wehner, 2010)

• Reconcilable Differences?: Congress, the Budget Process, and the Deficit (JB Gilmour, 1990)
• Fiscal institutions and fiscal performance

  (JM Poterba, J von Hagen, 2008)

Fiscal Policy in the International Business Landscape

Definition of Fiscal Policy in the context of U.S. international business and public trade policy: The portion of government policy concerned with raising revenue through taxation and other means and deciding on the level and pattern of expenditure. Through this policy the government has some control over the level of aggregate demand in the economy and, thus, over the rate of new job creation and, to some extent, the rate of inflation.

Fiscal Policy in the International Business Landscape

Definition of Fiscal Policy in the context of U.S. international business and public trade policy: The use of taxes and government spending to stabilize the economy.