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.
1997 Balanced Budget and Taxpayer Relief Act. SUMMARY: The Balanced Budget Act of 1997 (a spending bill) and the Taxpayer Relief Act of 1997 (a tax bill) legislated the elimination of the annual budget deficit by 2002.997 Balanced Budget and Taxpayer Relief Act. SUMMARY: The Balanced Budget Act of 1997 (a spending bill) and the Taxpayer Relief Act of 1997 (a tax bill) legislated the elimination of the annual budget deficit by 2002.