Sentences with phrase «by raising taxes by»

Not exact matches

The campaign plan expected «proposals on trade, regulatory and energy policy would raise economic output and revenues» to offset most of the remaining shortfall, as cited by the Tax Policy Center analysis.

Specifically, getting Congress to go along with raising the federal gas tax by 25 cents a gallon.

That would require raising federal tax collections by between 21 % and 22 % over that period.

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.

By raising taxes now, the deficit may shrink.

Responding to Tory charges that the NDP's proposed cap - and - trade system would wind up raising gas prices by 10 cents per litre, Jack Layton blamed Stephen Harper «s subsidies to big oil companies and support for the harmonized sales tax in Ontario for higher gas prices.

The draft, seen by Bloomberg, was circulated on Friday and outlines how a targeted levy on gross revenues would increase the tax bill digital giants face, as the bloc seeks to raise money from an industry it says provides less than it should to public coffers.

Perry also had an uneven record on taxes, cutting them for property owners, but raising them for small business owners by broadening the state's franchise tax base.

Instead, it's a creature of politics, brought to life by our lack of political courage when it comes to tough decisions about what taxes to raise or what spending to cut, and by how much.

Trump has vowed to raise taxes on Chinese imports by as much as 45 percent.

Flaherty is still committed to a balanced budget by 2015 without raising taxes or making cuts to provincial transfers.

Anti-tax activist Grover Norquist says President Trump won't risk his popularity by raising the gas tax so close to the next election.

The agreement handed a victory to Obama, who had promised before the election to address budget woes in part by raising taxes on the wealthiest Americans.

All in all, the Trump tax plan would wastefully increase deficits by at least $ 3.5 billion over ten years — with half of all tax cuts going to the top 1 % — while actually raising taxes on nearly half of all families with children, according to the nonpartisan Tax Policy Center's (TPC) analystax plan would wastefully increase deficits by at least $ 3.5 billion over ten years — with half of all tax cuts going to the top 1 % — while actually raising taxes on nearly half of all families with children, according to the nonpartisan Tax Policy Center's (TPC) analystax cuts going to the top 1 % — while actually raising taxes on nearly half of all families with children, according to the nonpartisan Tax Policy Center's (TPC) analysTax Policy Center's (TPC) analysis.

A GfK Roper poll sponsored by the Associated Press and conducted around the same time showed 69 % felt taxes would have to be increased to balance the budget, compared to just 29 % of Americans who felt it could be balanced without raising taxes.

«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.

(Though not by Norquist, who characterizes the maneuver as telling the American people, «we had a vote, but because we did it in an interesting order, please don't notice that we raised your taxes by $ 100 billion.»

It raised its profit outlook for 2018 by around 20 percent, citing the new tax legislation.

Be it the Conservatives» call to cut $ 11 billion in government expenditures or the Liberals» plan to raise corporate taxes by 1.5 percentage points back to 2010 levels, these are issues of substance.

If the funds are obtained by raising some entities» taxes, then the spending of those paying the increased taxes will decrease, offsetting the increased spending of the recipients of the transfer payments.

Canada's Valeant Pharmaceuticals International (vrx) reported its first profit in six quarters, helped by a one - time tax gain, and raised its full - year earnings forecast, sending its U.S. shares up 13 percent in premarket trading.

The Liberals are also spending $ 80.5 million over five years starting this year to reduce tobacco use, particularly in Indigenous communities, and raising taxes on cigarettes by $ 1 per carton.

That tax would fund half - priced MetroCards by using $ 250 million of the revenue that the tax would raise.

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.

The U.S. Chamber of Commerce unveiled a plan earlier this month to raise the gas tax by 25 cents — five cents a year for five years — a move the group acknowledged would be an uphill battle.

«So what my co-author and I wanted to explore was exactly what the impact was of this introduction of withholding that happened from 1948 - 1976 at the state level on income tax collections, and the kinds of revenues that are being raised by state governments as a result.»

Bonds get their «tax - free» status because the money raised by the bond issue is usually for a «public good or service» such as schools or roads.

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.

He promises to do so next year, if elected, by raising corporate taxes to offset new spending plans.

The U.S. dollar rose on Friday as Republican negotiators in the U.S. Congress put the finishing touches on a sweeping tax overhaul, raising expectations that the bill would be passed by year - end.

By one estimate, changing the tax status of retirement - plan contributions — by taxing them today, but then not taxing the eventual withdrawals — would raise about $ 1.5 trillion over the next decadBy one estimate, changing the tax status of retirement - plan contributions — by taxing them today, but then not taxing the eventual withdrawals — would raise about $ 1.5 trillion over the next decadby taxing them today, but then not taxing the eventual withdrawals — would raise about $ 1.5 trillion over the next decade.

«Bringing the retirement age back to 60, raising all salaries and the minimum wage by $ 220 and bringing back the franc, raising the import tax.

Entrepreneurs raising less than $ 500,000 are permitted to provide specific information from their tax returns that have been «reviewed» by an independent tax accountant.

Economists had said January's wage gains might have been a one - time jump, fueled by increases in the minimum wage that kicked in at the start of the year in several states, as well as raises spurred by tax cuts enacted at the end of 2017.

Federal government could stimulate venture markets by introducing a capital - raising incentive such as a deferred capital gains tax for reinvestment of proceeds into small - business shares, effectively channeling locked - up capital earning uncompetitive returns into the shares of small enterprise.

But more than anyone, Mr. Schäuble has come to embody the consensus that has helped shape European economic policy for years: that the path to sustained economic recovery for financially troubled countries is to slash spending, raise taxes when necessary and win back the trust of bond markets and other investors by displaying commitment to fiscal prudence — even if that process imposes deep economic pain as it plays out.

The budget predicted the fiscal year would end with a thin surplus of $ 197 million, a feat that would be achieved by reducing expenditure growth, raising taxes and selling off more than 100 assets determined to be surplus.

debt obligations of the U.S. government that are issued at various intervals and with various maturities; revenue from these bonds is used to raise capital and / or refund outstanding debt; since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally considered to be free from credit risk and thus typically carry lower yields than other securities; the interest paid by Treasuries is exempt from state and local tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctitax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury AuctiTax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions

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 RSC budget make Social Security sustainably solvent by implementing a slightly modified version of Representative Sam Johnson's (R - TX) «Social Security Reform Act,» which would slow initial benefit growth for higher earners, gradually raise the normal retirement age to 70, and eliminate annual cost - of - living adjustments for higher earners while using the more accurate chained Consumer Price Index (CPI)(currently used for the tax code) for other beneficiaries.

[23] By taxing the land's rental income and that of subsoil minerals provided freely by nature, industry could free itself from the sales and excise taxes that raised the cost of living and doing businesBy taxing the land's rental income and that of subsoil minerals provided freely by nature, industry could free itself from the sales and excise taxes that raised the cost of living and doing businesby nature, industry could free itself from the sales and excise taxes that raised the cost of living and doing business.

Again Taylor offered a cautious outlook, though it was largely ignored in stories about the «green» budget with its centre piece carbon tax that will raise the price of gas by a couple cents a litre this year.

So Senate Republicans decided to comply with the rule by simply having all the most expensive individual cuts in the bill expire, and paying for permanent corporate tax cuts by reducing access to subsidized health insurance and using chained CPI to raise individual taxes over time.

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.»

Remember, if the government gives us a tax cut they'll still have to make up the budget shortfall somehow, chiefly by selling more bonds to American citizens (who happen to be the same people getting the tax cut) or foreigners (who will raise the money by selling us more of their goods and services, or buying less of ours).

How much GST is raised by taxing the carbon tax really depends on what businesses choose to pass on to consumers, the report notes.

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

Lauzon said revenues raised directly by the carbon tax would remain in the province where they are raised.