Sentences with phrase «automatic tax increases»

It is that «U.S. policymakers will prevent the drastic automatic tax increases and spending cutbacks (the fiscal cliff) implied by existing budget law, raise the federal debt ceiling in a timely manner, and make good progress toward a comprehensive plan to restore fiscal sustainability.»

The so - called fiscal cliff, whereby automatic tax increases and spending cuts are slated to take effect in the United States in January, took the top spot, according to El - Erian, the CEO of PIMCO.

«Since it took effect this summer, the cap has stopped automatic tax increases and brought much needed scrutiny to government spending.

Plus, as a result of previously passed measures, automatic tax increases are scheduled in the years ahead — such as an extra $ 5 billion in Employment Insurance premiums to be collected annually until 2015.

2) Expectations of the «fiscal cliff» — automatic tax increases and spending cuts set for the end of this year — will keep spending and growth lower through the second half of 2012, he writes.

Bank of Montreal deputy chief economist Doug Porter added Carney has no choice but to await the outcome of ongoing «fiscal cliff» negotiations in Washington designed to head off automatic tax increases and spending cuts in January.

If both parties in Congress can not agree on debt reduction plans in the next few months, automatic tax increases and spending cuts will kick.

He said that many in the House believe that the automatic tax increases that went into effect at the start of the year should suffice, and they won't agree to any more tax hikes, which many in the Senate want.

a) no middle class earners will get bumped into a higher bracket; b) graduate students have very little income so impact will be minimal at best; c) small business owners are going to get a lower rate on their pass through income; d) there's no automatic tax increases that'll happen in 2019; e) child tax credits are going to increase.

What is certain is that an automatic tax increase would have had a major impact on the party that got blamed for it — just as it did for Democrats when that high tax was first enacted.

Those that want to avoid what could otherwise be an automatic tax increase for residents will need to take action either to forestall conforming their state tax laws to their federal counterparts or consider offsetting tax cuts in other areas.