Sentences with phrase «dollar tax increase»

The Park City school Board at its Tuesday meeting approved a 3 million dollar tax increase to balance the projected budget deficiencies that are in part created by growth.

Expressing vociferous criticism of the so - called tax - reform measure, he said it would be «a potential catastrophe,» amounting to a multibillion - dollar tax increase for Long Islanders, driving down property values, and resulting in residents fleeing the region.

Instead, the release cites McDonald's support last December of a «3 billion dollar tax increase even though his campaign pledge was not to support taxes,» and his backing of a recent attempt to «weaken the tax cap» by allowing school districts to bond out pension costs.

County Executive Steve Bellone said the tax bill would be a catastrophic multibillion - dollar tax increase for Long Islanders, driving down property values, and resulting in residents fleeing the region.

In other words, assuming inflation continues to remain low, the Marchione - Jaffee bill could amount to a billion - dollar tax increase for New Yorkers in just a few years.

Not exact matches

A corporate tax cut for these companies would result in an increase of billions of dollars in earnings and a $ 100 billion increase in equity value, he noted.

New NAFTA rules could increase the cost of a car by hundreds or even thousands of dollars, act as a multibillion - dollar tax, and ultimately hurt sales as consumers keep their wallets shut, a new study predicts.Thursday, April 26, 6:00 pm ET

Under the Senate's «budget reconciliation» rules, the tax legislation can increase the federal deficit by $ 1.5 trillion over the next 10 years — and not a dollar more.

In contrast to the PUD's rate increase that sends the message that Chelan County does not want HDL companies, Iowa has attracted HDL companies with millions of dollars in tax incentives and other benefits.

Almost six in 10 adults (57 %) say they would be willing to pay one dollar more per week in taxes to increase federal funding for the scientific research into the causes and treatment of pain.

Over time, that adds up to trillions of dollars in increased future government spending — and higher taxes.

«Discretionary dollars for holiday spending are limited for the large pool of lower - and moderate - income consumers due to lack of wage gains this year coupled with the increased payroll tax.»

«We're confident the impact will increase with visitors purchasing more bottles to ship home, which will boost tourism and add valuable tax dollars to local and state coffers.

Debt - financed tax cuts may well push up interest rates in the U.S., which attracts more foreign investment, which raises the value of the dollar, which makes exports less competitive and imports cheaper, which increases the trade deficit.

That's because portfolio turnover increases the amount of taxes that must be paid on capital gains and boosts the total amount of commission dollars that must be paid in a given year.

Because tax rates increase with taxable income, a dollar of deductions generally benefits a high - income taxpayer more than a low - income taxpayer.

According to a 2016 report from the Tax Policy Center, «Taxpayers with incomes over $ 100,000 would have the largest tax increases both in dollars and as a percentage of income.&raqTax Policy Center, «Taxpayers with incomes over $ 100,000 would have the largest tax increases both in dollars and as a percentage of income.&raqtax increases both in dollars and as a percentage of income.»

It authorized the creation of fiat money to the tune of nearly five million dollars a month, and it passed a 50 % increase in tax rates in the principal form of federal taxation, the tariff.

And if the fiscal problem becomes unstable — more deficit to finance than security markets will allow, the Fed will obey its political masters and finance the deficit by a hyper - inflation, or hyper - tax, as a burgeoning inflation simply taxes all fixed dollar wealth — bonds, dollars, life insurance values, etc. — by the rate of price level increase.

The measure would effectively increase Blackstone's tax rate from fifteen per cent to thirty - five per cent, seriously eroding its profitability, and, according to the Joint Committee on Taxation, would generate an extra twenty - six billion dollars over the next ten years.

As detailed in a Fortune article («Higher Taxes That Promote Development,» August 8, 1983), housing and downtown buildings increased in numbers and dollar value.

Funny, how do you think Mitt will cut the defecit as he stated he will cut taxes by 5 trillion dollars and increase military spending by 2 trillion over 4 years?

Orland Park officials this week agreed to increase the amount of sales tax dollars the Mercedes Benz of Orland Park dealership can earn through a sales tax rebate agreement to help cover the costs of a major expansion.

I agree it is Wholefoods disciples pushing for excessively expensive school foods be served to all students (much of which they only toss in the garbage) to be paid for with increasing tax dollars from middle and lower class taxpayers.

Since announcing her run for Congress, Maggie Brooks has been saddled with an ongoing corruption investigation that includes questions regarding Brooks» husband and the possible misuse of $ 224 million dollars in taxpayer money, and has been dogged by her unwillingness to address the issues, ineffective leadership, and her record of increasing County taxes, fees and debt.

The second means was squeezing out dollars from the agricultural sector through increases of taxes and quotas on commodity exports.

By increasing spending with no way to pay for it, Democrats have created an unbalanced budget that includes no relief for property taxpayers and continues to cut the STAR property tax relief program by millions of dollars.

Back in 2003, for example, the Assembly and Senate overrode the governor's budget vetoes for the first time in two decades, increasing state taxes over Pataki's opposition to restore billions of dollars in spending on schools, hospitals, nursing homes and localities.

Heastie backs a tax increase, meanwhile, on filers making more than $ 5 million, generating billions of dollars in new revenue he would want to see committed toward education.

In December, the governor agreed to increase taxes on New Yorkers making over $ 2 million dollars a year to gain needed revenue, and at the time said he did not endorse any further new taxes in 2012.

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 %.

So I am finding situations in my district where not - for - profit organizations and their landlords, the way they structured their leases was that the landlords would pass off the property taxes to the not - for - profit organizations, and as taxes are going up... many of these not - for - profit organizations are finding that they can't keep pace, and some are seeing increases of ten, fifteen, twenty thousand dollars a year.

And then (this part is new and part of Paladino's pre-primary media blitz), the focus turns to the «former liberal Congressman Rick Lazio,» who «voted for higher taxes and increased federal spending» and «took a $ 1.6 million bonus from a huge Wall Street bank getting a $ 25 billion - dollar taxpayer - financed bailout.

The governor and the legislature agreed to a three year phase in of an increase in the state's minimum wage to $ 9 an hour, and a $ 650 million dollar tax cut package, also to be fully effective in three years.

The $ 171 million dollar budget would increase spending by about 2 % but still falls within the state property tax cap.

«Even a very low rate surcharge (of one percent or less) can provide billions of dollars that would allow us to avoid property tax increases and steep cutbacks in education and other essential services,» said Mauro.

In a state with already high state and local taxes, fees and assessments on energy — with roughly 25 cents of every dollar paid for electric power in New York State going to pay government assessments — we believe it is simply counterproductive to continue to add new and increased energy costs on state ratepayers.

The increase puts an extra $ 2.6 million in county coffers, which rely more and more on sales tax dollars to keep the budget balanced.

She said the tax increase is «predicated on the absurd contention that the state's most successful entrepreneurs, investors and business executives will turn over 54 cents of every dollar of their top earnings to the government for the privilege of living and working in New York state.»

«It doesn't make any sense to say a $ 300 million tax cut is a trade - off for a $ 15.7 billion dollar cost increase,» Pokalsky said.

A coalition of Colorado business groups on Friday announced they will collect signatures to try and ask voters in November for a 0.62 percent sales tax increase to raise money for the state's billions of dollars in infrastructure needs.

Councilmembers say they must come up with roughly $ 1.5 Million dollars in savings to hold off any tax increase.

And Assembly Democrats want to keep high rates on millionaires, and increase taxes on those making more than $ 5 million — generating billions of dollars in new revenues lawmakers want to see go toward education.

Offering a billion - dollar tax cut and assurances that New York City would not be stuck with a $ 250 million Medicaid bill, Gov. Andrew Cuomo inched closer to presenting an on - time budget with one major issue seemingly standing in his way — an increase in the minimum wage.

The report also recommends reinstating the gift tax, but increasing the dollar threshold of property exempted from the estate tax.

In signing the state's 2013 - 15 budget bill Sunday, Gov. Scott Walker left unchanged a tax increase that is estimated to cost construction companies and other heavy users of the state's unemployment fund millions of dollars in the coming years.

Congresswoman Nita Lower says the plan could increase taxes by thousands of dollars for middle class residents in NY

The million dollar question now is whether the state legislator will increase the «mansion tax» from $ 1 to $ 2 million as the Empire State begins the fiscal year with a $ 4 billion deficit.

This comes after local property taxes increased as a result of millions of dollars in tax breaks that the mall received.

Town Supervisor Joseph Saladino faces several challenges, including credit ratings at or just above junk status, multimillion - dollar accumulated debt, a 2017 budget that includes an 11.5 percent tax levy increase to help restore the town's financial footing, and an investigation by the Securities and Exchange Commission.