Sentences with phrase «federal tax increases»

However, in the near - term, this improvement in fundamentals is being offset by federal tax increases and spending cuts, which economists call «fiscal drag.»

All De m government might well mean we aggressively pursue options like a payroll tax that protect NY residents from significant Federal tax increases.

His plan would shift the state tax code from an employee - paid system to one paid for by employers, which would help shield New York residents from new federal tax increases.

Budget amendments include provisions to decouple the state tax code from the federal tax code so that State taxpayers do not see more than $ 1.5 billion in state taxes because of federal tax increases.

Surveys of small - business owners reveal that these federal tax increases have adversely affected their business activities.

In total, the SALT cap is estimated to cost New Yorkers between $ 9.5 billion and $ 15.3 billion in additional federal taxes, reducing the federal tax cut they would otherwise receive or, in many cases, resulting in a federal tax increase.

---------------- Governor Cuomo today announced 30 - day amendments to the Executive Budget, including legislation to protect New York taxpayers from federal tax increases.