Sentences with phrase «federal revenue lost»

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.

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.

Not exact matches

They found the federal treasury lost at least half a billion dollars in tax revenue that would have been paid had individuals not been able to funnel their personal income through corporations.

The congressional Joint Committee on Taxation (JCT) estimated that the mortgage interest deduction will cost the federal government almost $ 80 billion in lost revenue in fiscal year 2016.

«Roths are a worse deal for the federal government — probably more revenue is lost,» he told Yahoo Finance.

This lost revenue accounts for about 80 per cent of the increase in federal public debt over that period.

[fn.3] Since the starting point for many state income tax calculations is either federal adjusted gross income or federal taxable income, a dollar - for - dollar tax credit might lose the state revenue.

Reed noted, of course, raising taxes to make up for the lost revenue from the federal government is an option but he doesn't believe state lawmakers would do that to constituents already facing a heavy burden.

That seems implied by your comment that the «state's tax climate also matters» and adding that the state faces a $ 4 billion deficit, plus additional lost revenue from federal changes to health care and tax policy, which is estimated to be over $ 2 billion.

New York faces a budget deficit of $ 4 billion to $ 8.6 billion and that is before taking into account billions more in revenue that will be lost due the recent federal tax reform package.

Governor Pataki's original $ 54 billion request for federal assistance asked for $ 9 billion to cover lost tax revenues.

«It is also essential that the Governor and New York business, labor and civic leaders work with President Bush, the New York Congressional delegation, and the leaders of the U. S. House and Senate to secure direct federal assistance for the tax revenue that the state is losing as a direct result of the September 11 attacks,» said Mauro.

The Central New York Association for the Blind and Visually Impaired, or CABVI, is one of many non-profits across the country losing revenues because the federal government is not fully complying with the law.

The program provides assistance to school districts that lose out on revenue because of tax - exempt federal property, such as military bases and installations, in their jurisdictions.

Impact Aid provides funding to school districts that have lost local tax revenue (which traditionally funds public schools) due to the presence of federal tax - exempt land, such as military installations, Native American reservations, or national parks.

Because the federal government allowed you to spend your entire working life depositing untaxed income into 401k accounts, the IRS wants to recoup some of that lost tax revenue at some point — and this is why RMDs exist.

Reeling from lost revenues, banks offer bigger rewards U.S. banks are desperate for new business to shore up revenues lost in a series of blows over the past two years from federal regulators.

Best would be to continue the funds that have been granted by Congress to replace the lost revenue due to the virtual end of logging on these federal lands (a portion of revenue paid by the feds to compensate for lost property tax revenue since federal lands aren't subject to state property taxes).

After all, as more federal court documents become accessible at no cost, the federal court system will lose revenues.

«If left unchecked, the problem will continue to deprive the federal government — and the American people — of millions of dollars in lost revenue every year.»