Sentences with phrase «by federal taxpayers»

But with increasingly expensive weather events, the program's chronic debt (covered by federal taxpayers) has ballooned to $ 24 billion and insured losses from Harvey could be between $ 10 billion and $ 20 billion, adding to the program's deficit.

I'm not sure how Obama thinks he can smooth this one by all Federal taxpayers outside of the State of Illinois (which itself is running something like an admitted $ 21 billion budget deficit).

Not exact matches

By narrowly focusing on the $ 10,000 SALT cap, state lawmakers are pursuing an economic fix for the very taxpayers who will benefit most from the federal tax bill.

As Paulson, Geithner and the Federal Reserve chairman, Ben Bernanke, raced to bail out banks and companies like A.I.G., Bair resisted, fearing that they were being overly generous by putting the interests of bondholders over those of taxpayers.

By enabling taxpayers to opt - in and pre-register with FEMA and the SBA through their tax filings, citizens can be spared the aggravation and delay in applying for federal disaster aid.

The federal tax schedule or table is a chart devised by the Internal Revenue System that aids the taxpayers in determining the federal income tax incurred for a particular year.

What's overheating is the amount of «conforming» mortgage debt underwritten by the Federal Government on behalf of taxpayer.

Taxpayers would lose the ability to deduct their state and local property and other taxes from their federal taxes, a break used by about 44 million people (or 30 percent of tax filers.)

To get the refund money, taxpayers must file a 2014 federal income tax return by this year's tax deadline, April 17.

But if the state issued a dollar - for - dollar state tax credit for charitable contributions made to, say, the state's general infrastructure fund, the first $ 6,000 donated, though reducing state tax liability by $ 6,000, does nothing to lower federal taxes owed because the taxpayer would still take the standard deduction.

«AIG received a taxpayer backstop of $ 185 billion and had to be taken over by the Federal government.

Under House Bill 2014, introduced by Representative Mark Finchem (R - Tucson), Arizona taxpayers will simply back out all precious metals «gains» and «losses» reported on their federal tax returns from the calculation of their Arizona adjusted gross income (AGI).

The IRS is empowered by the federal government to take extreme measures to hold taxpayers responsible for paying their taxes.

Posted by Andrew Jackson under Canadian Taxpayers Federation, employment standards, federal budget, labour adjustment.

Posted by Marc Lee under Canadian Taxpayers Federation, federal budget, taxation.

«Whether or not an insurance exchange is established by the federal or state government,» Charmaine Yoest, AUL Action president, said, «it receives taxpayer dollars, which should not be used to pay for abortions and life - ending drugs and devices.»

I'm not sure a poll of federal taxpayers and parents would find the time and effort spent by these employees on the journal article — which I personally viewed purely as a form of reputational damage control — to be a worthy use of these funds when other aspects of our meal program are in clear need of improvement.

And in that context, why shouldn't the federal government make those meals as healthful as practicable, especially since the consequences of poor childhood nutrition — obesity, obesity - related diseases, health care costs, lack of military readiness — are all borne in part by taxpayers?

Westchester County Executive George Latimer pointed to the $ 10,000 cap on state and local tax deductions by the federal government as having «changed the game» for taxpayers in New York, making the limit on tax levy increases all the more important.

Costs for the state's air pollution control system, which under federal law must be paid for by polluting industries, keep sinking under a rising tide of red ink that taxpayers keep bailing out.

A bill introduced Thursday night by Sen. Simcha Felder would change the state's tax law in order to address the federal tax overhaul that caps the amount of money taxpayers can deduct in state and local taxes at $ 10,000.

Cuomo's office has said that residents of the 24th District who do itemize their federal taxes, more than 81,000 taxpayers, would see their tax liability increase by an average of $ 2,434 under the GOP plan.

By eliminating the single largest expense in county budgets, federal legislation mandating a state takeover of local Medicaid costs promises relief for property taxpayers across New York.

Despite his six - figure income funded by taxpayer dollars, Terry has since 2000 amassed nearly $ 1.2 million in federal liens from the Internal Revenue Service and more than $ 205,000 in state tax warrants.

Opening arguments began this week in the federal corruption trial of Pedro Espada, Jr., and his son Pedro Gautier Espada, who are accused of using the Soundview Healthcare Network as «their own taxpayer - funded piggy bank» by funneling more than $ 500,000 from the organization and spending it on cars, spa treatments, and other personal luxuries.

Gov. Andrew Cuomo, pictured in an undated file photo, said Tuesday, May 24, 2016 he wouldn't reveal how much he expects taxpayers will pay for an internal review by a private attorney he hired to look into his administration's handling of the Buffalo Billion development project, which is now under federal investigation.

«There are 1 million taxpayers out of 9 million filers that are going to be substantially hurt» by the federal tax law, Wilde said in an interview.

Gov. Andrew Cuomo is investing $ 750 million of taxpayer funds and the hopes of a community desperate for an economic recovery in a company that is losing money, weathering two federal investigations and facing, by its own admission, an uncertain economic future.

Cuomo is also pushing to expand charitable deductions for taxpayers in New York that could let them recover from the federal cap on deductions — a move that follows the broad outlines being considered by California officials, another high - tax state that is reacting to the SALT cap.

Schumer says he and other members of Congress are battling for the federal government to help local governments and taxpayers deal with aging water and sewer lines by making more money available.

«I would bring local control back to town government, take advantage of our local resources, especially our water system, fight for the taxpayer at every level, especially state and federal, and get water and sewer projects back on track to be in the best interests of the town, not just a cost burden directed by others.»

Some New York taxpayers may want to «postpone the pain» of the new federal tax overhaul by paying some of next year's local property taxes before Jan 1, Democratic Gov. Andrew Cuomo said Friday.

All municipalities that take HUD grants are being funded by taxpayer money appropriated by the Federal government which is now $ 17 trillion in debt.

But I'm sure their irresponsible behavior will be rewared by the rest of the US taxpayers in the form of a federal bailout.

In Erie County, IRS figures show that 449,410 federal tax returns were filed in 2015, meaning about 20 percent of county taxpayers would be affected by the loss of the SALT deduction.

The $ 10.5 million energy and agricultural waste management project was funded by local, state and federal taxpayer dollars, including about $ 1.5 million that came directly from Cayuga County government's savings accounts.

Andrew Cuomo of New York, Dannel Malloy of Connecticut and Phil Murphy of New Jersey announced Friday that they're talking to leaders of other states that stand to be hurt by the federal tax plan that's expected to cost taxpayers in their states billions of dollars.

These gimmicks cost taxpayers $ 25 million and were installed by the governor despite being in violation of federal law,» Hawley said.

Unlike most states, New York shares its portion of Medicaid costs with the counties, and the trend lines should concern every taxpayer: With federal economic stimulus funds running out and federal health insurance changes, 16 million more Americans are expected join the 60 million now enrolled in Medicaid by 2014.

Officials say that unless New York changes its tax code to delink it from the federal code, state taxpayers could see their tax burden increase by $ 1.5 billion — potentially worsening the pain to New Yorkers already dealing with the curbing of state and local tax deductibility.

GE had net operating losses at the height of the financial crisis that federal law allows them — and every other corporate taxpayer — to carry over to subsequent tax years so as not to unfairly burden it with the calendar set by bureaucracy.

New York taxpayers could be on the hook if state and local deductions are eliminated by the federal government, as backed by Trump's tax plan.

Eligible counties must be included in Federal disaster declarations · An additional $ 20 million included in federal disaster declarations distributed on an as needed basis · Permitting local government to let taxpayers impacted by the storms to pay their property taxes in instaFederal disaster declarations · An additional $ 20 million included in federal disaster declarations distributed on an as needed basis · Permitting local government to let taxpayers impacted by the storms to pay their property taxes in instafederal disaster declarations distributed on an as needed basis · Permitting local government to let taxpayers impacted by the storms to pay their property taxes in installments

Just as in the aftermath of 9/11, it is once again the onus of the federal, state and city governments to determine how to allocate taxpayer money to the businesses and residents — who have this time suffered from the devastation caused by Hurricane Sandy.

Here's the problem: under the old federal tax code, the SALT deduction essentially was a discount equal to the marginal rate faced by itemizing taxpayers.

A multi-billion-dollar sugar fortune propped up by taxpayer subsidies and federal price floors.

Since New York taxpayers already send over $ 40 billion more in tax dollars to Washington than we receive back in federal benefits and services, we are not being subsidized by any state.»

«I believe that it is important that the Treasury and the IRS issue guidance or a formal opinion letter whether taxpayer contributions to state authorized trust funds, partially reimbursed by credits reducing state and local income taxes, will be considered deductible for federal tax purposes,» Faso wrote in the letter.

Brooklyn Assemblyman William Boyland Jr., already under indictment on federal bribery charges, is now being investigated by Albany County DA David Soares and state Comptroller Tom DiNapoli for allegedly claiming taxpayer - funded reimbursement of bogus expenses.

«As the County Clerk elected by the taxpayers of Erie County to look out for their best interests, I can not in good conscious follow through on a policy that will violate federal laws by knowingly providing government identification to illegal immigrants,» he said.