Free trade: Free trade, a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports). a
Deficit Reduction Act 2005 Law and Legal Definition. The Deficit Reduction Act of 2005 is a United States Act of Congress concerning the budget. It addresses deficit reductions ranging from education to housing and Medicare to Medicaid. It was signed into law by President Bush on February 8, 2006 after a closely divided Congress approved the legislation.
on April 11, 1984, as part of the Tax Reform Act of 1984. The Senate version of this legislation, passed on April 13, contained minor differences that were resolved in conference. The Tax Reform Act was merged with other legislation to become part of the Deficit Reduction Act, which was signed into law by the President on July 18, 1984. 2.