Sentences with phrase «by raising tax rates»

Under the Democratic proposal put forth by the Secretary of Treasury, the deal would involve raising just over $ 1T in revenue over the next 10 years by raising tax rates on incomes over $ 250k.

Not exact matches

The chancellor will also reportedly commit to Conservative manifesto pledges made by the previous prime minister to raise the income tax threshold to # 12,500 and to raise the threshold for the 40p income tax rate to # 50,000.

«If you raise all the rates, anything that you do later on to cut them, is going to be scored by the Congressional Budget Office as a tax cut,» Manley says.

Fitch Ratings said on Monday that the House bill could add to the fiscal strain in some states and local jurisdictions by limiting their tax - raising flexibility.

The Fed has raised rates twice this year and expects to hike again in December and three more times next year, depending on fiscal stimulus including tax cuts planned by Republicans in Congress and in the White House.

Republicans also insist that cutting the corporate tax rate to 20 percent will help workers by increasing jobs and raising salaries, though this claim is disputed by Democrats.

These benefits would (i) largely go to developers and contractors for infrastructure projects like new pipelines that would happen even without new incentives and so be highly regressive; (ii) raise costs by failing to reach the tax - free pension funds, sovereign wealth funds and international investors who are the most plausible sources of incremental infrastructure finance; (iii) not encourage at all the highest return maintenance projects like fixing potholes that do not yield a pecuniary return for investors; and (iv) by offering credits at an unprecedented 82 percent rate, invite all kinds of tax shelter abuse.

At the same time, the bill is projected to send most of its individual tax breaks to the wealthy, eventually raise rates on the poorest Americans if a future Congress doesn't intervene, and lead to 13 million fewer Americans with health insurance by repealing Obamacare's individual mandate.

The House version of the plan makes several changes to the tax code aimed at generating revenue by raising rates on higher education.

If the state funds these unproductive workers by borrowing at repressed rates from households, or by otherwise raising direct or hidden household taxes, this way of managing unemployment will indeed serve simply to prevent or even reverse the adjustment process.

Toward creditor nations, however, America relates as the world's most Highly Indebted Military Power by refusing to raise its own interest rates or taxes, or to permit key U.S. industries to be sold off.

As a result, retail sales taxes raise the Canadian METR [marginal effective tax rate] by approximately 2.5 percentage points, compared to the 9 percentage points that would prevail in the absence of any exemptions.

These benefits would (i) largely go to developers and contractors for infrastructure projects like new pipelines that would happen even without new incentives and so be highly regressive; (ii) raise costs by failing to reach the tax - free pension funds, sovereign wealth funds and international investors that are the most plausible sources of incremental infrastructure finance; (iii) not encourage at all the highest return maintenance projects like fixing potholes that do not yield a pecuniary return for investors; and (iv) by offering credits at an unprecedented 82 per cent rate, invite all kinds of tax - shelter abuse.

No details were immediately available on the measures, which are expected to include across - the - board tax hikes, including raising the rate of consumer tax by one percentage point to 24 percent and increasing taxes on fuel, coffee, alcohol, tobacco and hotel stays.

Shortly after assuming office, the government made B.C.'s tax regime less competitive by raising the general corporate income tax rate, creating a new top personal income tax rate and increasing the carbon tax.

Just a brief update by way of keeping tabs on a concern previously raised on this blog: the new tax law signed by the President yesterday retains a 15 % tax rate on capital gains and dividends through 2012.

It would avoid the risk of a tax giveaway that hurts the economy by raising interest rates and magnifying the deficit.

Repealing the deduction would raise the effective tax rate on manufacturing by over 3 percentage points.

«Even though the consumption tax is scheduled to be raised by 2 percentage points, a number of measures to mitigate the burden, such as a reduced tax rate and an increase in welfare benefits for pensioners, and the provision of free education are planned to be implanted,» the report said.

Cities and states will preserve their credit ratings by annulling their pension obligations to public - sector workers, and raising excise and sales taxes — but not property taxes.

While differences remain in several areas, creditors want Greece to raise the equivalent of 1 percent of gross domestic product more from VAT in 2016 and this could be achieved by raising sales tax on catering to a rate of 23 percent from 13 percent, the two EU officials said.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

The different governments lead by Mrs. Thatcher restrain the emission of the monetary mass, raise the rate of interest, reduce in a drastic way the taxes on the highest incomes, abolish the control of the financial flows, strongly raise the rate of unemployment, provoke strikes, put in place an anti-unions legislation and cut the social expenses.

In other words, if we stipulate that the new administration will do as it promised, raising the tax rates of the rich, we can expect with high probability that the revenues actually paid into the IRS by these same rich will decline.

And 68 percent voted down a companion measure that would have raised the Park District's corporate fund property tax rate by 10 cents per $ 100 of assessed valuation to operate the new facility.

The Barrington Park District will ask voters Tuesday for the authority to raise its tax rate by 10 cents per $ 100 equalized assessed valuation.

He also promised to raise the point at which people start paying the top rate of income tax to # 50,000, in an announcement which was met by huge applause in the Birmingham conference hall.

The new tax brackets proposed by Assembly Democrats would raise rates on those making more than $ 1 million a year, as Gov. Andrew Cuomo has outlined in his budget.

State law bars districts from raising taxes by more than 2 percent a year or the inflation rate, whichever is less.

, «$ 2.6 trillion could be saved -LSB-...] It's possible to achieve all the budget savings we need for the next 10 years simply by cutting the fat out of discretionary spending programs and tax expenditures [i.e., cutting the corporate welfare] without raising tax rates on the wealthy or cutting the safety net at all.»

Gov. Deal has overseen three balanced budgets without raising taxes, saved millions of taxpayer dollars by maintaining Georgia's AAA bond rating, and increased our rainy day fund by more than 500 %.

One thing that surprised me about the Horton analysis is that it didn't even suggest the most obvious way to make the LD policy more redistributive, which is to lower the threshold for the higher rate of income tax by the same amount personal allowance is raised.

The CEBR report found that if the Government raised the rate of corporation tax from 21 per cent to 26 per cent - the result of equalising the tax rate between big and small business - would cost around 100,000 jobs from the small business sector and reduce economic output by # 4.3 bn, while reducing the public sector deficit by only # 1.6 bn over 10 years.

And it is being used to hand the rich a # 523 - a-year tax cut by raising the threshold for higher rate income tax by more than # 2,500.

Senate Republicans bowed to the idea as a revenue - raising move, though they beat back an attempt by Assembly Democrats to boost the tax rates even higher on high - income earners.

The mayor described the cut in the tax rate as an effort to «cushion the impact of Southampton Town's recent reassessment of village properties, which raised total assessed values in Sagaponack by 20 percent since last year.»

The economy has been flat for years; people are fleeing New York to low - tax states, and they want to raise rates by six times the rate of inflation?

The state's tax cap, which exempts New York City, makes it difficult for localities and school districts to raise property taxes by more than 2 percent or the rate of inflation, whichever is lower.

Instead of doing good, Diaz took big checks from insurance lobbyists and stuck Floridians with higher rates; Diaz used his office to enrich himself while raising property taxes by $ 500 million — increasing the cost of living for Miami homeowners.

Guido is an unashamed tax cutter who prefers to cut the taxes of the poorest by raising thresholds and cutting the basic rate.

By limiting how states can raise funds to help pay their Medicaid costs, the «provider - tax» proposals — like the blended - rate proposal — represents a cost - shift to states.

That surcharge raised the personal income - tax rate by the largest percentage amount in nearly half a century.

The PM has repeatedly declared equal marriage a great Conservative reform; the Chancellor can't stop telling us about the «thoroughly Conservative» policy of cutting income tax for the least well - paid by raising the base - rate threshold at which it is collected.

By raising the debate on the integration of the two «taxes» the chancellor has highlighted the real rate of «tax» on income.

«We can generate more revenue from this tax simply by making it more transparent and equitable, without having to raise rates.»

De Blasio cites the city's 21 % poverty rate as proof of this, and he campaigned on closing the gap by pushing real estate developers to build or preserve 200,000 affordable homes and creating a universal pre-K program for the poor, funded by raising taxes on those who make a $ 500,000 or more.

The party says its manifesto is fully costed for day - to - day revenue spending, with money raised by adding a penny to all rates of income tax and dividends tax, reversing planned cuts to corporation tax and cuts to capital gains tax, and legalising and taxing cannabis.

He also outlined the much - touted tax sweetener for lower income earners, with plans to raise personal allowances for basic rate tax payers by # 1,000 to # 7,475 from next April - exempting some 880,000 Britons from income tax altogether.

The Southold Town Board unanimously passed a $ 44 million preliminary budget at its meeting Tuesday night, setting up the proposal — which pierces the tax cap and raises the tax rate by 7.57 percent — for public hearings next month.

He attacked Tory inheritance tax cuts for the wealthiest but sought to reassure middle England by insisting he would not raise the top rate of income tax above 50p.