In its financial plan narratives, the DOB suggested high - income earners were delaying some profit - taking and bonus - claiming (including the exercise of stock options) in anticipation of the new Trump administration's plans for
a big federal tax cut, effective as soon as 2019.
Not exact matches
The
biggest driver of economic growth next year will be from household consumption, which policy makers reckon will get a boost from the
federal government's
tax cuts and its decision to augment monthly child benefits.
At first glance, United Continental Holdings appears to be a
big beneficiary of recently enacted
federal income
tax cuts.
Charge is due to due to
cuts in the US
Federal corporate income
tax rate, the world's
biggest mining company said.
The Australian Industry Group accepts the
federal government won't deliver a «Twenty20
Big Bash» budget but is urging prudent spending
cuts to deliver a handful of key priorities across infrastructure, STEM training and a company
tax cut.
-- Health care insurance windfall profit fee ($ 140 million): Health insurers are in line for
big cuts to their expenses thanks to the
federal tax overhaul, and Cuomo wants to slap a 14 - percent surcharge on profits to help cover the state's rising health care costs.
The state has a $ 4.4 billion dollar deficit, and there's uncertainty over the effects of the
federal tax overhaul on the state's finances, as well as possible
big funding
cuts by President Trump and Congress.
The state has a $ 4.4 billion deficit, and there's uncertainty over the effects of the
federal tax overhaul on the state's finances, as well as possible
big funding
cuts by President Trump and Congress.
Progressives believe the probability of
federal cuts in social service funding to the states makes it more important that New York fills the coming gap, in part, by
taxing the wealthiest residents, some of whom are seeing
big cuts with the new
federal cuts for sole proprietorships and corporations.
The congressional Republicans»
tax plan — with its call for the elimination of some or all
federal income deductions that Californians have taken for state and local income
taxes, sales and real estate
taxes — accompanied by
big cuts to health care spending, could affect the state's economy and budget.
Shackelford said business has been brisk, in large part because of
federal programs that substantially
cut homeowner's costs through
tax credits and other initiatives, like the National Home Energy Efficiency Program, that pays much of the cost of labor sealing air leaks that are a
big source of the energy losses in American homes.
The fossil fuel industry in particular has managed to win
bigger and better
tax cuts and
federal assistance at nearly every level of their business.