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But Joseph J. Lhota, chairman of the fiscal committee, said that he thought it would not be necessary.
"If the fiscal committee took no action, the deal would automatically add nearly $500 billion in defense cuts on top of cuts already made," the White House said.
"The word 'tax' bothers some people, even though the state fiscal committee has estimated it would cost the average citizen about 13 cents a day, about $46 a year".
"We are here to reassure investors, financial and trade creditors, employees and our citizens that our government will act at all times in accordance with market principles and international accepted business practices," said Sheikh Ahmed Bin Saeed Al Maktoum, chairman of the Dubai supreme fiscal committee.
In other words, in our model, the tax rates have already been decided by the Fiscal committee and we are interested in how the Government promotes cashless payments given the existing tax rates.11.11
The chairman of the Assembly's fiscal committee, though, said it was all about the money.
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"I find it pretty outrageous that the executive branch blows off requests for financial information from the fiscal committees of the Legislature".
Not all bills killed in Friday's action by the Legislature's fiscal committees were attempts to resolve huge public policy debates.
It calls for an independent "fiscal policy committee" to be set up to oversee the government's compliance with the new target.
The CUNY board's fiscal affairs committee, which met yesterday evening, also approved a $300-a-year increase, to $2,800, for New York residents who are full-time students at its community colleges.
His statements came a day after members of President Obama's fiscal commission and former lawmakers involved in previous efforts to negotiate a long-term deal warned that the committee's failure would have disastrous consequences for the economy.
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