Sentences with phrase «eliminate some tax breaks»

Italy's Silvio Berlusconi cancelled a planned «solidarity tax» targeted at the very highest earners — opposed by professional soccer players, among others — opting instead for measures to curtail tax evasion and eliminate tax breaks for co-operatives.

The House bill slashes tax rates for large corporations, small businesses, and wealthy Americans, while sharply reducing or eliminating tax breaks that benefit many middle - class Americans such as deductions for state and local taxes, college tuition and home mortgage interest.

He spoke of a five - year freeze in domestic spending, eliminating tax breaks for oil companies and reversing tax cuts for the wealthiest Americans, banning congressional earmarks, and reducing healthcare costs.

The House had proposed eliminating the tax break, but the provision didn't make the final bill.

The House wanted to eliminate the tax break, while the Senate wanted to double it temporarily.

Though the Big 6 framework has proposed to eliminate some tax breaks, like the state and local tax deduction, it has not thus far proposed direct changes to the mortgage interest deduction.

«If the Republicans are really so worried about balancing the budget, then why are they so opposed to eliminating tax breaks on mililionaires and billionaires.»

The supreme irony, of course, is that we're talking about redistributive taxation: eliminating the tax breaks for the rich colleges and transferring some of their money to the poor schools.

To remove every «free pass» and benefit religion enjoys — eliminate tax breaks and start questioning why we excuse the belief in invisable supernatural beings.

And Gillibrand — who also faces re-election for a full 6 - year term this fall — herself has been pretty vocal on reproductive rights, pushing back with Connecticut Sen. Richard Blumenthal against a Republican - led bill on the federal level that would eliminate tax breaks for insurance premiums on plans that provide abortion coverage.

The tax bill on the cusp of being passed by Congress is not the grand simplification of the code that Republicans promised when they set out to eliminate tax breaks and cut the number of tax brackets.

Schumer said Senate Democrats have proposed paying for the initiative by eliminating tax breaks for oil and gas companies, and instituting a minimum tax rate of 30 percent on those earning more than $ 1 million per year.

The president made clear that he still wanted a broader deficit reduction agreement with Republicans that included spending cuts, entitlement reforms and increased revenue from eliminating some tax breaks.

That is a partial win for drug companies and patient groups, because the House version of the tax bill had eliminated the tax break entirely.

The Liberals have long promised to eliminate tax breaks that mostly benefit the wealthy, a change that they promised would boost government revenue by at least $ 3 billion.

However, it's too easy for another government to come in and eliminate this tax break.

Clinton's campaign pegs the estimated cost of the entire plan at about $ 60 billion over 10 years, which would be offset by eliminating tax breaks for the oil and gas industry.

The proposal would have eliminated some tax breaks, including a repeal of the credit for so - called intangible drilling costs.

On the other hand, the Democrats wanted to raise taxes on «Big Oil» companies, by eliminating tax breaks enjoyed by many — and in some cases, all — businesses.

In theory, a plan that eliminated tax breaks for oil companies and channeled the funding towards high speed rail projects that generated thousands of new jobs seems like a fantastic idea.

Divorce lawyers in NYC know that eliminating this tax break will also place strains on settlements and what the monied spouses will be willing to offer to their former spouses in support payments.

(Bloomberg)-- President Donald Trump's call for tapping the private sector to help finance $ 1 trillion in infrastructure improvements faces a little - noticed challenge from his own party — a House Republican proposal to eliminate the tax break for corporate borrowing.

Not exact matches

Ticking off every demand the New Democrats put on their long list — from giving motorists a break on their insurance to delaying and eliminating some corporate tax breaks — the Liberals have thrown down the gauntlet and put the party that holds the balance of power between a rock and a hard place.

Its staff posed the following question: If the U.S. created a tax code that eliminated virtually all personal and corporate tax breaks, and also required that the plan be revenue neutral ---- meaning that receipts in 20 years had to match the numbers forecast today ---- how low could rates go?

The tax bill lowers the corporate tax rate from 35 % to 21 %, eliminates the penalty under the Affordable Care Act for failing to have health insurance, a narrower estate tax, and cuts the top effective marginal tax rate for S corporations to a top rate of 29.6 percent, among other measures that gives the biggest breaks to the wealthiest individuals and companies.

The plan contains up to $ 6 trillion in tax cuts, according to independent analysts, which Trump and top Republicans say they would offset by eliminating loopholes, deductions and tax breaks and boosting annual economic growth.

The upshot is that the government first attempted to eliminate an important corporate tax break, changed its mind, and then bestowed businesses with another tax break.

They argue Trump's tax plan is unfair because it allows corporations to deduct state and local taxes but eliminates the breaks from average tax filers.

Their fiscal policy has been driven solely by the goal of eliminating the deficit while at the same time delivering pointless «boutique» tax breaks.

Additional revenues for income tax cuts could also be found by eliminating income splitting for high - income families with children under18 (about $ 2 billion), and by eliminating many of the unfair and unnecessary «special» tax breaks (about $ 1.5 billion) introduced by the Conservatives.

Of the many tax breaks and expenditures in the tax code, only one major one was eliminated under the bill.

The plan also includes some vaguer proposals, including «providing tax relief for families with child and dependent care expenses» and eliminating «targeted tax breaks that mainly benefit the wealthiest taxpayers.»

Assuming tax break limits only apply only to higher earners, that cost could be as high as $ 7 trillion; assuming credits and exclusions are eliminated as well as deductions, it would cost $ 3 trillion.

Republicans have said that among other things, they want to simplify individual income tax brackets, raise the standard deduction, reduce corporate tax rates and eliminate some popular itemized deductions, like the state and local tax break.

Larry Kudlow believes Medicare and Social Security are «bad ideas,» supports tax breaks for companies that send American jobs overseas, opposes the existence of a minimum wage, dismissed the gender pay gap as «nonsense,» and wants to eliminate the Department of Labor.

In the coming weeks, the government will pass a budget that tracks closely to the one rejected by opposition parties six weeks ago, including targeted tax breaks for families, the last leg of corporate tax cuts, and a plan to eliminate the deficit by 2014.

As efforts for tax reform continue, there will be plenty of discussion about which tax breaks should be retained and which should be reduced or eliminated.

As tax reform gets underway, there will be disagreement about which tax breaks should be eliminated or reformed and which should remain.

You say government needs to stay out of religion — I agree, but that should include eliminating unique benefits like tax breaks, etc..

Cuomo said that businesses in his Start - Up NY tax - break program should continue reporting to the state on how many jobs they create and how much money they invest in their operations, despite the requirement being eliminated by the budget he recently signed into law.

At the time, Katko voiced concerns about GOP plans to eliminate the most popular tax break for New Yorkers, the state and local tax deduction, or SALT.

U.S. Senate Minority Leader Chuck Schumer wants to eliminate certain tax breaks in order to help pay for infrastructure projects.

With the tax break coming up for its four - year renewal in Albany, the administration has rolled out a proposal that would end the GEA and require affordable housing in rental buildings in the program citywide, while eliminating the exemption for condominiums.

New York Gov. Andrew Cuomo, aware of the significance of the federal tax break, warned Congress of the consequences when the idea to eliminate the deduction surfaced in 2013 as a way to decrease the federal deficit.

«State and local deductions are bedrock middle - class deductions that help steady the cost of many middle - class families living in New York and should not be eliminated or even reduced so people making millions of dollars a year can catch a tax break of their own,» Schumer said.

Tax breaks at the corporate level, meanwhile reduce the effective tax rate at the corporate level to make up for the portion of double taxation that shareholder level tax breaks don't eliminaTax breaks at the corporate level, meanwhile reduce the effective tax rate at the corporate level to make up for the portion of double taxation that shareholder level tax breaks don't eliminatax rate at the corporate level to make up for the portion of double taxation that shareholder level tax breaks don't eliminatax breaks don't eliminate.

In C.A., N.Y., and N.J., Democratic pols are designing «charitable contribution» schemes to maintain federal tax breaks eliminated by Trump bill.

There's also some consensus that business tax breaks should be eliminated to allow for a lower overall business tax rate.

Last Wednesday, the Republican administration unveiled a tax plan that would double the standardized deduction and keep tax breaks for mortgage interest and charitable contributions, but would also eliminate nearly all other itemized deductions, including those for local and state property taxes.

«People who need essential services will wind up paying the price for giving additional tax breaks to the wealthiest New Yorkers, because less funding means the services they depend on will be reduced or eliminated.»