Sentences with phrase «deficits by raising taxes»

Not exact matches

By raising taxes now, the deficit may shrink.

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.

To put it simply, it means increasing spending and paying for the higher spending by raising taxes or going into deficit.

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

The reconciliation bill also initially delayed but did not repeal the so - called «Cadillac tax» on high - cost insurance plans to avoid revenue loss outside the budget window, but an amendment repealing it was adopted by an overwhelming bipartisan vote and no Byrd rule challenge was raised despite its deficit impact.

The tax plans in Congress are projected to raise budget deficits by $ 1.5 trillion over the next decade.

The proposal, unveiled by Governor Andrew Cuomo earlier this month, transforms the state budget process to conform to fiscal realities and eliminates a $ 10 billion dollar deficit without raising taxes or borrowing.

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.

He pledged to halve the deficit in four years by raising tax and cutting Whitehall spending.

«After the Senate Democrats raised taxes and spending by $ 14 billion, ran up a $ 10 billion deficit and left the State on the brink of financial ruin, New Yorkers would be wise to treat this as a political document and not a statement of fact.

Fiscal conservatism (cut the deficit by cutting spending and raising taxes) versus growth hawkery (cut taxes to produce supply - side dynamism).

Turn a $ 9 billion state budget deficit to a $ 25 billion surplus through various tax the rich proposals (e.g., half the rebate of the stock transfer tax; bankers bonus tax; raise $ 8 billion while give 95 % of us a tax cut by going back to the progressive income tax during the Rockefeller years).

Some 94 per cent believe that the deficit in the public finances should be tackled more by cutting spending than raising taxes, while only 2 per cent disagree.

And with the state facing a potential $ 4.4 billion budget deficit, the Assembly seeks to raise revenue by hiking taxes on those making at least $ 5 million by adding three new high - earner brackets.

Labour claims it had set out precise plans to halve the deficit by 2013 - 14, including the precise amounts to be raised by growth, higher taxes and lower spending.

In 2009 and 2010, the attendees recalled, legislative Democrats, as well as then - Governor Paterson, reacted to a recession - prompted deficit by imposing a utility tax and raising income taxes.

This proved to be only a 3 billion dollar deficit federally, and he closed it by raising taxes in part, by extending the surcharge, etcetera.

Overall, the executive budget would close the state's deficit by holding most spending flat and raising $ 1 billion in new taxes and fees.

The tentative plan would reduce state spending by more than 2 percent and would address a $ 10 billion deficit without raising taxes or borrowing money.

The statement by the NRCC touts Christie as «a true conservative, taking on big union bosses and working tirelessly to reduce budget deficits in New Jersey without raising taxes.

Estimates of how much money the current tax system will raise to pay for programs plummeted over those eight days, raising the amount of deficits for this budget year and the two that follow by almost $ 2 billion.

The way the mandated $ 10 million payment to reduce the deficit in this budget was covered was by raising the County property taxes by 2 % and $ 8 million was achieved by permanent cuts in the operations of the County.

Having failed to right the ship of state, Malloy engaged in a desperate attempt to save his political career by telling Connecticut's voters that there was no state budget deficit this year and that he would eliminate the $ 1.4 billion dollar projected budget shortfall for this coming year without having to raise taxes, cut services or seek concessions from the state employee unions.

Well, the political gridlock in Washington has led to a game of brinkmanship around the debt ceiling (which needs to be acted on in the next two weeks), a failure to pass a solid budget, and no consensus whatsoever about how to start reducing the deficit by either cutting spending or raising taxes.

-- To suggest an 8.9 % of GDP deficit can be eliminated solely by relying on raising taxes OR by cutting spending is sheer lunacy also.

Because 25 % of the proceeds raised by the «managed» carbon tax would be applied to deficit reduction, the MCP is not «revenue - neutral.»

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But he offers an inadequate response, analogous to acknowledging the political obstacles to producing a sensible budget and then proposing to avoid hard choices and address the deficit by funding R&D projects with the hope they will produce new technologies that will rev up so much economic growth that we can balance the budget while also cutting taxes and raising government spending.

The House GOP tax bill is likely to raise the deficit substantially, thereby putting pressure to cut federal safety net programs used by poor people, said Leonard Burman of the nonpartisan Tax Policy Centtax bill is likely to raise the deficit substantially, thereby putting pressure to cut federal safety net programs used by poor people, said Leonard Burman of the nonpartisan Tax Policy CentTax Policy Center.