Fiscal policy influences the economy through government spending ... automatic stabilizers and fiscal stimulus—that is, new discretionary spending or tax cuts. Stabilizers kick in as tax revenue and ...

U.S. federal budgeting has two major categories of spending. The one subject to the most scrutiny is “discretionary” spending, which is the basis of the annual appropriations process. This includes ...

Fiscal policy is the use of government spending and taxation to ... automatic stabilizers and fiscal stimulus—that is, new discretionary spending or tax cuts. Stabilizers go into effect as tax ...