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.
(2) The policy is a qualified long-term care insurance contract as defined in Section 7702B(b) of the Internal Revenue Code of 1986, as amended, and was issued no earlier than the effective date of Vermontâs plan amendment required by section 6021 of the Deficit Reduction Act of 2005 (Pub.L. 109-171).