Sentences with phrase «federal revenue»
"federal revenue" refers to the money collected by the government at a national level. It includes the taxes, fees, and other sources of income that the federal government receives to fund its operations and provide public services. Full definition
That's painful for a country which depends on the group for one third of federal revenues.
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The budget estimates the increase in the annual limit will reduce federal revenue by $ 1.1 billion from 2015 - 2016 to 2019 - 2020.
But neither reduced emissions nor increased federal revenue will necessarily deal with the immediate and pressing problems facing these governments.
But states and municipal taxes are being voted down and cut back, while federal revenue sharing also is down.
Doing so would provide an estimated $ 250 million per year in additional federal revenue, or about $ 5,000 per family, the government said.
The components of nominal GDP represent the applicable tax bases for personal and corporate income tax revenues, which represent about 60 % of total federal revenues.
In 2012 — 13, state revenues accounted for 44 percent of total revenues, local revenues represented 45 percent, and federal revenues represented 9 percent.
That means less federal revenue, fewer jobs, higher costs for consumers, and less energy security.
It is these components that are used in forecasting federal revenues and expenses.
It should go without saying that these tax cuts will reduce overall federal revenue.
Looking at the aggregate federal revenue picture can be misleading.
Over time, an increasing fraction of permits for emissions could be supplied by auction, yielding federal revenues that can be put to good use.
By 1946, direct taxes accounted for more than 56 per cent of federal revenue.
Meeting higher nutritional standards while realizing targeted savings and securing additional federal revenue.
After the announcement of the Liberal CCB, the Conservatives falsely claimed that Liberals had not accounted for federal revenue from the taxable UCCB.
This could offset a potential deterioration in budgetary revenues as nominal gross domestic product — the applicable tax base for federal revenues — is now expected to be below the June 2011 Budget estimate.
The legislation would further cause at least a $ 3.6 trillion shortfall in federal revenue by 2040, the analysis says.
And all of them argue that the proposed tax cuts, estimated to reduce federal revenue by more than $ 1.4 trillion, won't increase federal deficits, an assertion that's been contradicted by Congress's official tax scorekeeper.
The population also will suffer indirectly, by lower federal revenue sharing with U.S. states and cities.
The state budget in response would expand the role of the executive office and authorize the state budget director to reduce available funds during the fiscal year if federal revenues are lower than projected — including after the legislature signs off on the plan.
A working group co-chaired by U.S. Rep. John Katko unveiled details of the plan today that includes proposals to boost revenue from the federal gas tax, impose user fees on electric hybrid vehicles, add fees on freight carried by trucks, and stop raiding other federal revenue streams meant to support infrastructure.
At the behest of two congressmen, the Government Accountability Office has begun an analysis of federal revenue lost when natural gas produced on federal lands either escapes to the atmosphere or is burned in flares.
This amendment authorizes actions to address the loss of federal revenue as a result of modifications to the current Medicaid financing system for developmental disability services.
In total, the rebates lowered federal taxes by about 5 percent in 2008, reducing the estimated average effective federal tax rate from 19.6 percent to 18.6 percent and cutting federal revenue by nearly $ 120 billion in fiscal years 2008 and 2009.
On the other hand, if you wanted to keep aggregate government revenue the same, you could get away with increasing the GST to 6 - 7 % (and presumably compensate for the decreased federal revenue by reducing transfers to the provinces by $ 20 billion, leaving the provinces, collectively, in more or less the same position).
But in general, if a fast - track budget bill contains a provision that doesn't have anything to do with federal revenue and spending than it's probably «extraneous.»
LAGOS — As the pressure on federal revenue mounts following steady decline in oil revenue, the Federal Government would be resorting to a Sukuk Bond for funding the widening budget deficit.
To hear Democrats tell it, Hatch changed his mind because eliminating the SALT deduction would, according to the nonpartisan Tax Policy Center, boost federal revenues by $ 1.3 trillion over a decade.
It is called the California Office to Reform Education (CORE) Waiver, and it would generate $ 171 million in federal revenue over three years.
But some are cautiously arguing there could be a green silver lining: The obvious need for new federal revenues may begin to make a carbon tax a more viable policy option.Here's ClimateWire:
Paul Ryan assumed federal revenues at nineteen percent of GDP.
The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar - for - dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.
Given the tax reform effort currently under way in Congress this would seem an appropriate time to consider the usefulness of a carbon tax to increase Federal revenue even though no such proposal (happily) is in the current tax bill.
The Congressional Budget Office estimated in 2013 that taxing carried interest as ordinary income would raise federal revenue by $ 17.4 billion over a decade.
Between 1980 and 2012, the share of federal revenue derived from corporate tax revenue fell to 13.6 % from 15.2 %.
The Cruz amendment will first have to survive the so - called «Byrd Rule,» which is supposed to limit the bill to policies that directly affect federal revenue and spending.
Moreover, the panel concluded that, with the demogrant, the tax rate needed to sustain current federal revenues would exceed — perhaps far exceed — 34 percent.
Tax IRS forms are available online, or at your regions federal revenue office.
«They were the greatest (approaching 95 % at times) source of federal revenue until the Federal income tax began after 1913.»
In addition, the loss of federal revenues associated with an expansion also means these health centers will not be able to expand into areas that lack access to health care, the report says.
The revenue limit does not cover federal revenues, but this can be ignored when estimating the impact of MPCP on state and local taxpayers.
Thus, the use of carryover funds masks an actual decline in the amount of federal revenue CPS is receiving.
More than one - quarter of schools — 25.2 percent — had operating budgets in 2011 in which federal revenues represented more than 15 percent of total revenues, according to a new study from the American Association of School Administrators.
As state and federal revenues continue to be in short supply, many localities are seeking to supplement their education funding with local measures.
The modern OAS program is funded from general federal revenues and in 1967 the Guaranteed Income Supplement (GIS) was included as part of the program.
The Congressional Research Service estimates there are more than 200 of them in the Internal Revenue Service (IRS) code and that they account for about $ 1.2 trillion in uncollected federal revenue each year.
In this analysis, I will calculate federal revenues lost, largely from tax credits, according to the numbers in the government reports from the GAO and CRS.