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Exact(10)
It leaves out so many expenditures it is little short of a gimmick.
The NMP excludes many expenditures, including state administration and defense, normally included under GDP.
The auditors found that the books were in order, but that many expenditures were wasteful.
Liberals, for their part, have long objected that many expenditures included in G.D.P. reflect reductions, not increases, in our standard of living.
They can expect to go on fewer trips; supply cover has been one of the many expenditures we are seeking to reduce, and that means more teachers have to stay in the classroom.
Many union leaders view the proposed regulations as retaliatory and say the disclosure requirements will call for tens of thousands of hours of work and perhaps millions of dollars because so many expenditures would have to be tracked and reported.
Similar(50)
Still, many "expenditure records" are vague on details, which will likely prompt the state legislature to continue to ask for more information about recipients and funded projects.
Senator Tom Coburn, Republican of Oklahoma, has been asserting for years that many tax expenditures are identical to spending in all but name and are nothing but giveaways with no economic benefit except to the recipients.
But many other expenditures have changed since then.
But it is just one of many tax expenditures benefiting homeowners.
The commission on fiscal reform created by President Obama in 2010 recommended axing many tax expenditures.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com