Sentences with phrase «federal cap»

Nor does it actually restructure the state tax code in any way designed to thwart the new federal cap on state and local tax (SALT) deductions.»

Finance Minister Bill Morneau sees the carbon tax as the most economically efficient way to drive emissions reductions, as opposed to some form of federal cap - and - trade system or emissions regulations on industry, sources say.

Employers will also be given the option to shift to a payroll tax, a measure proposed by Gov. Andrew Cuomo as a workaround to the new federal cap on state and local tax deductions.

Potential examples of this — depending upon the details of the regulations — include: first, AB 32 cap - and - trade combined with Federal cap - and - trade (H.R. 2454) or combined with some U.S. Clean Air Act performance standards; second, state limits on GHGs / mile combined with Federal CAFE standards; and third, state renewable fuels standards combined with a Federal RFS, or state renewable portfolio standards combined with a Federal RPS.

Months after federal cap - and - trade legislation died in the Senate and days before California voters will decide on a fiercely fought ballot initiative to deep - freeze the state's global - warming - prevention law, state regulators released hundreds of pages of rules on Friday for how the law is to be applied, industry by industry.

«We need to put a price on carbon to accelerate these market trends,» Gore told the Chicago Tribune, referring to a proposed federal cap - and - trade system that would penalize companies that exceeded their carbon - emission limits.

The proposal would either replace or exist alongside the current personal income tax as a workaround to a newly approved federal cap on state and local tax deductions.

(Sale price: 210,000 - Basis: 100,000 = Gain: 110,000 x Federal Cap Gains tax: 15 % = Taxes due 16,500) The larger the transactions and the more money and leveraging involved the greater tax burden of cashing out.

But carbon pricing will be necessary to address the diverse economy - wide sources of CO2 emissions effectively and at sensible cost, whether the carbon pricing comes about through an economy - wide Federal cap - and - trade system or through a Federal carbon tax.

While Steve Stoft is correct that RPS will likely not create any greenhouse gas emissions reductions beyond those imposed by a future federal cap, a federal renewable energy program will, if properly designed, create more renewable power capacity, which will have benefits beyond contributing to lowering our GHG emissions.

EPA announced Tuesday its plans to start a registry that would require businesses to report their greenhouse gas emissions, paving the way for possible federal cap - and - trade system.

In a story March 4 about some states trying to circumvent the new federal cap on state and local tax deductions, The Associated Press cited the wrong source for projections about the percentage of high - income residents in some states facing tax increases...

Each proposal is aimed at offsetting the new federal cap on deductibility by shifting state and local taxes to fully deductible tax payments such as the payroll tax and charitable donations.

«We need to put a price on carbon to accelerate these market trends,» Gore said, referring to a proposed federal cap - and - trade system that would penalize companies that exceeded their carbon - emission limits.

The Senate GOP and its leader, John Flanagan, have fired clear shots across Cuomo's bow in recent weeks, including opposition to a proposed payroll tax to circumvent a federal cap on state and local tax deductions, an end to the governor's START - UP NY program, and the coalescing of support for one of their own to take on the governor this fall, Sen. John DeFrancisco.

Cuomo pointed to the tax law approved by Congress in December and his plan to create workarounds in the budget to a $ 10,000 federal cap on state and local tax deductions.

Cuomo's payroll tax was unveiled this week and is meant to act as a workaround for the federal cap on state and local tax deductions set at $ 10,000, part of the December tax law approved by Congress.

Gambling operators and state legislators in New York are scrambling to craft a new regulatory framework after a federal cap on the states allowed to offer sports wagering was struck down by the U.S. Supreme Court.

New York state lawmakers found a clever way for employers to help their workers circumvent a new $ 10,000 federal cap on state and local tax deductions.

«It is critically important, now more than ever, to make sure government controls spending in light of the federal cap on deductions for state and local taxes,» Law said, referring to the $ 10,000 limit on deductions of local property taxes and state income taxes on federal returns.

The federal cap on SALT deductions has been repeatedly blasted by @NYGovCuomo — but the first draft of his Executive Budget would allow t...

New York lawmakers have passed two proposals to let state residents skirt the new $ 10,000 federal cap on state and local tax deductions.

Still, over the next two weeks, the Capitol already has a full plate, including a financial plan for the Metropolitan Transportation Authority that could include a congestion pricing system, a roughly $ 4 billion budget shortfall that is being closed, in part, with $ 1 billion in new taxes and a plan that would act as a workaround for a $ 10,000 federal cap on state and local taxes.

All together, the proposals were a series of somewhat complicated permutations — a menu of options — for taking up state tax reform through a payroll tax adoption and potentially sidestepping the federal cap on deductions.

Still, lawmakers are supportive of finding alternatives to the federal cap on SALT deductions as they are known.

Cuomo is also pushing to expand charitable deductions for taxpayers in New York that could let them recover from the federal cap on deductions — a move that follows the broad outlines being considered by California officials, another high - tax state that is reacting to the SALT cap.

Cuomo had promised to provide details in Tuesday's budget address about his proposal for a new payroll tax and a novel use of charitable contributions to help offset a new federal cap on the deductibility of state and local taxes.

The governor is looking at ways to mitigate the impact of the new federal cap on the deductibility of state and local taxes.

A major priority of the governor's — a workaround for the $ 10,000 federal cap on state and local tax deductions in response to congressional tax reform approved late last year — was also include in the agreement.

Nixon will likely be the beneficiary of small - dollar donations — something that has not really been tried at a statewide level in New York, where contribution limits are far higher than the federal cap.

Back from the dead, apparently, is the creation of a voluntary payroll tax, meant to act as a work - around for the federal cap on state and local tax deductions — a major priority for Cuomo.

With all the reductions you found that can be achieved by federal and state legislation, is a federal cap on emissions still necessary?

If cap and trade is not legal, then EPA should not accept it as a compliance plan, he said, even if California's emissions are projected to be well below the federal cap for 2030.

But plans bought on the ACA exchanges (including healthcare.gov) come with a federal cap on out - of - pocket spending of $ 6,800.

This is still below the federal cap of 8.25, 9.5, and 10.5 percent, respectively.

That will start with a federal cap and trade system.

In reviewing many of the presentations, which are nearly all archived online, it's clear that the death of a federal cap - and - trade system for curbing emissions is seen as a potential opening by proponents of a more direct approach to making polluting energy choices costly while buffering the impact on consumers.

As a congressman, Inslee was instrumental in the passage of a federal cap - and - trade bill in 2009, only to see it die in the Senate.

Just last week Senator Jeff Bingaman, chairman of the Senate Energy Committee, reflected this sentiment, saying that the financial crisis, the transition to a new administration and the complexity of setting up a federal cap - and - trade system would likely preclude action in 2009.

We need much better centralization and organization of the many disparate elements of the federal government that can be brought to bear on these problems — that is, how to achieve real emissions reductions on the ground, with or without a federal cap - and - trade law, and critical measures to cope with and adapt to impacts such as prolonged droughts, more frequent flooding and storms, heat waves, public health threats, and so on.

His list of promises largely reiterated what he called for on the campaign trail: a federal cap - and - trade system, emissions cuts to 80 percent below 1990 levels by 2050, and $ 15 billion a year for clean energy.

These members claim to «support economy - wide reductions in CO2 emissions and / or federal cap - and - trade legislation»: Alcoa, Caterpillar, Deere & Co., Dow Chemical, Duke Energy, Eastman Kodak, Entergy, Fox Entertainment, IBM, Lockheed, Nike, PepsiCo., PNM Resources, Rolls Royce, Siemens, Toyota, and Xerox.

The debate was nominally on the Lieberman - Warner bill that would establish a federal cap and trade program for greenhouse gas emissions beginning in 2012, with the caps gradually ramping down to 80 % below 1990 emissions by 2050.

Though the U.S. has no federal cap - and - trade carbon system, no carbon tax scheme, and no international agreement to limit carbon dioxide emissions, it seems that state governments are cobbling together their own response to climate change — and it is working.

The ABA on Monday sent a letter to House lawmakers urging a no vote on a bill that imposes a federal cap of $ 250,000 on noneconomic damages in medical malpractice...

Juan Magdaleno, the victim's brother, said the families were aware of the constraints on Lichtman in dividing up the compensation fund but are angered by the federal cap that he says disrespects accident victims.