Sentences with phrase «cut taxes on the high earners»

And cutting taxes on high earners isn't going to get it done.

A message that amounts to «we need to cut taxes on the high earners who built that and cut spending on the government to balance the budget» is self - defeating.

Not exact matches

Possible reforms could include raising the full retirement age for Social Security to 70 for workers who are currently under age 40; cutting benefits; increasing payroll taxes on workers; increasing Medicare premiums; and making Social Security benefits more progressive — meaning cutting benefits for high - income workers, while preserving payouts for low - income earners.

WHAT THEY DID: While the Senate bill would cut tax rates for all income groups, on average, higher earners would receive the largest benefits, according to the Tax Policy Center, an independent Washington Policy grotax rates for all income groups, on average, higher earners would receive the largest benefits, according to the Tax Policy Center, an independent Washington Policy groTax Policy Center, an independent Washington Policy group.

On the tax bill specifically, Democrats want to highlight the disparities between individual cuts for middle income Americans and for corporations and high earners.

In late 2012, the Bush - era tax cuts expired, resulting in a tax increase (to 39.6 percent) on the highest earners.

Only about three percent of small - business owners will be affected by the President's plan to let the Bush tax cuts expire on the highest income earners.

The government wants to cut spending, and the opposition parties want to increase taxes on high earners as well as corporate income taxes (CIT) instead.

But much of the research conducted thus far suggests otherwise; the Center on Budget and Policy Priorities, for instance, recently concluded that workers would receive a maximum of only a quarter of the benefits from tax cuts; and even then, it is most likely to be the higher earners that would be the biggest beneficiaries.

The Center on Budget and Policy Priorities, pulling together assessments from the Congressional Budget Office, the Joint Committee on Taxation, the Tax Policy Center, the Treasury's Office of Tax Analysis, and the Institute on Taxation and Economic Policy, found that workers would only receive a quarter or less of the benefits from tax cuts — and among those workers, it's likely the higher earners that would benefTax Policy Center, the Treasury's Office of Tax Analysis, and the Institute on Taxation and Economic Policy, found that workers would only receive a quarter or less of the benefits from tax cuts — and among those workers, it's likely the higher earners that would benefTax Analysis, and the Institute on Taxation and Economic Policy, found that workers would only receive a quarter or less of the benefits from tax cuts — and among those workers, it's likely the higher earners that would beneftax cuts — and among those workers, it's likely the higher earners that would benefit.

No amount of misdirection about ending «the existing Wall Street paradigm of Blankfein, Dimon, and Schumer» will be able to cover up for the combination of a middle - class tax hike and a tax cut on high - earners.

Neither McCain's misbegotten focus on earmarks nor Romney tax cuts for high earners, nor happy talk about free market opportunity of American Exceptionalism get there or even come close.

It isn't the fault of Republican primary voters that the Huntsman campaign combined seeming contempt for the Republican electorate with a middle - class tax increase and huge tax cuts on high earners.

The problem is that the voters don't want Bushism in any vessel, and they really don't want the post-Bush GOP's obsession with cutting taxes almost exclusively on high earners.

First, they both write as if Reagan's tax cut appeal was entirely about the economic benefits of cutting marginal tax rates on high - earners.

So in speaking to the majority, this forces supporters of cutting taxes on high - earners to make implausible promises about the wonderful indirect effect benefits most people will get when taxes are cut on somebody else.

Over at Forbes, Louis Woodhill calls focusing on the middle - class «divisive,» so one guesses that proposing cutting taxes on high - earners really brings people together.

Hewitt is expecting these «crucial commitments» from a candidate who promised gargantuan upper - income tax cuts during the Republican primary, then said he wasn't necessarily a huge fan of his own tax cut proposal, and then engaged in nonsensical double - talk about whether taxes would go up or down on high - earners.

Flat taxes or tax policies that sharply cut tax rates on high - earners are unrealistic as matters of politics or budget math or both.

There are no speeches and no ads that will convince the general public that cutting taxes on high - earners is the main answer to the economic anxieties of the middle - class.

They aren't impressed by Republican claims that everything will get better for everybody once we cut taxes on the high - earners who «built that.»

The union also released the results of a poll conducted by National Opinion Research that found 63 percent of New Yorkers would prefer to see a temporary income tax increase on the state's highest earners (1 percent for those who make more than $ 1 million and 2 percent for those who make over $ 5 million) over education funding cuts of between $ 800 million and $ 1.4 million.

«With Chancellor George Osborne finalising next week's budget, the Social Liberal Forum reaffirms the Liberal Democrat commitment to fair taxation and urges the government to consider the political implications of cutting taxes on income for the highest earners.

Given that the average income of UKIP voters is lower than that of supporters of the other main parties, and that households with incomes of # 30,000 a year or more are amongst those least likely to vote UKIP, the emphasis on tax cuts for middle and higher earners seems like an odd strategy.

Many legislative Democrats, seeking to block Gov. Cuomo's efforts to cut spending to close a projected $ 10 billion deficit, have hoped the «millionaires tax» on high earners, which expires Dec. 31, would be renewed to raise more than $ 1 billion in the new fiscal year.

ALBANY — Assembly Speaker Sheldon Silver, desperate to find new revenues to avoid budget cuts, has secretly proposed a $ 1 billion tax hike on the highest income earners, The Post has learned.

George Osborne has refused to be drawn on calls to cut the 40p tax rate in real terms, despite facing pressure to help middle income earners being drawn into the higher levy.

Democratic legislators, who opposed deep cuts in social services and education spending to close a $ 10 billion deficit, tried to alter the tax by introducing a «true» millionaires tax on the highest income earners.

Cuomo's second tax commission is weighing a proposal with more than $ 1 billion in mostly property tax cuts, but debate over former Gov. George Pataki's plan to slash the personal - income tax on the highest earners has helped delay the release of the group's report.

If the Tories were serious about helping start - ups then rather than cutting income tax for Wales» highest earners they would join our calls on David Cameron and George Osborne to honour their promises on infrastructure investment and electrification.

He will say that his priority is to cut income tax for those on low and middle incomes, forcing the highest earners to make up the difference.

Of course, this will be made somewhat easier by the governor's agreement with the legislature last month to extend $ 2.6 billion in higher income - tax rates on million - dollar earners, offset in part by small rate cuts for middle - class filers.

A few hours after Governor Andrew Cuomo announced a new bipartisan tax - cutting commission yesterday, Bill de Blasio told reporters he doesn't have any contingency plan for his signature proposal to raise taxes on the city's highest earners.

Canvassers will talk to thousands of New Yorkers in State Senate and Assembly districts in Saratoga, Troy, Syracuse, Buffalo, Niagara Falls, Yonkers, Poughkeepsie, Newburgh, New York City and Long Island about how extending the additional income tax surcharge on the state's highest earners could prevent more drastic budget cuts, and create opportunities to invest in job creation and infrastructure in New York State.

Criticising the government's decision to tackle the deficit through cutting back on public spending, Mr Barber's alternative Plan B would tax higher earners more rather than targeting «the poorest and most vulnerable,» which, he argues, is what the current public sector cuts are doing.

Democrats criticized the provisions phasing - out the inheritance tax and repeal of the alternative minimum tax on the highest earners, the Associated Press reported, and said the cuts come at the expense of the middle class.

But experts say hiking the tax rate on the highest earners won't generate enough revenue to offset the cost of the tax cut because efforts to avoid taxes will probably be greater than anticipated, while the reduction itself could cost more than expected.

The tax cuts seem to affect low income earners a bit more than high income earners purely based on just the tax brackets alone.

Also, when a high - earner retired, their marginal tax bracket on ordinary income was usually cut in half.

There's a reason why individual income - tax cuts would tend to favor higher earners, he said: «The income tax is not a broad - based revenue - raiser anymore, it's a surtax on high income people.»