Sentences with phrase «federal tax overhaul as»

Heastie condemned the recently approved federal tax overhaul as an «unprecedented cash grab» from New York and says women's reproductive rights are «under attack».

Not exact matches

Republicans point to the age of that 1986 legislation — the most recent major overhaul of the federal tax code — as a reason new reforms need to be enacted.

WASHINGTON, Nov 16 - The Republican - controlled U.S. Congress was approaching a major test on Thursday of its ability to overhaul the federal tax code, as lawmakers prepared for their first full - scale vote on sweeping tax legislation.

Florida Insurance Commissioner David Altmaier announced Tuesday he approved an average 1.8 percent decrease in 2018 rates as a result of the federal tax overhaul approved in December.

As residents in high - tax states brace for bigger tax bills under the recently passed federal tax overhaul, a New Jersey congressman is pushing local governments to adopt a strategy that could save homeowners thousands of dollars.

The measure would amend the state's tax law when it comes to how a taxpayer's income is calculated in order to avoid the state's tax burden increasing as a result of the federal tax overhaul.

Governor Andrew Cuomo earlier this week said the state was exploring using a payroll tax as an alternative to the income tax in order to help residents hurt by new limits on deductions of state taxes from federal returns, under a sweeping overhaul of the U.S. tax code passed in late December.

Cuomo is expected to overhaul the state's tax structure in his budget as a way to mitigate changes in the federal tax overhaul that could harm some New York taxpayers.

Taxpayers will be able to deduct a limited amount of state and local income or sales taxes on their federal returns as part of the deal between Senate and House Republicans to finalize a major tax overhaul, Rep. Kevin Brady, R - Texas, said Thursday.

There is a great deal of uncertainty surrounding that budget as Governor Andrew Cuomo continues to consider what exactly to propose in terms of overhauling the state tax system in response to the new federal tax code, which has especially significant ramifications for New York, and in terms of a congestion pricing plan for New York City.

The federal tax overhaul proposals also would adversely affect the state budget, as well as many taxpayers.

For instance, Cuomo wants to tax «windfall» profits for health insurance companies as a result of the federal tax overhaul.

Maryland lawmakers on Wednesday braced for challenging tax and health care matters posed by last month's federal tax overhaul, as they gathered for their annual 90 - day legislative session.

Local leaders gathered in Troy Sunday to urge federal lawmakers to keep the Federal Historic Preservation Tax Credit as tax overhaul bills make their way through Cofederal lawmakers to keep the Federal Historic Preservation Tax Credit as tax overhaul bills make their way through CoFederal Historic Preservation Tax Credit as tax overhaul bills make their way through CongreTax Credit as tax overhaul bills make their way through Congretax overhaul bills make their way through Congress.

De Blasio and Murphy vowed to work together to rally against the GOP's massive federal tax overhaul that calls for the elimination of popular tax deductions — such as state and local property tax costs and student loan interest payments — which they argue will hurt middle - class taxpayers.

Molinaro, along with Democrats Dan McCoy of Albany County and Steve Bellone of Suffolk County, criticized the federal tax overhaul in Washington that ends deductions of state and local taxes, known as SALT, at a news conference.

FAIR LAWN, N.J. — As residents in high - tax states brace for bigger tax bills under the recently passed federal tax overhaul, a New Jersey congressman is pushing local governments to adopt a strategy that could save homeowners thousands of dollars.

The Democratic governor, who has been positioning himself as a potential 2020 candidate, made fighting the federal government a central plank of his agenda this year, announcing during his 92 - minute speech that he would sue President Donald Trump's administration over the just - passed tax overhaul, H.R. 1 (115).

The state has a $ 4.4 billion dollar deficit, and there's uncertainty over the effects of the federal tax overhaul on the state's finances, as well as possible big funding cuts by President Trump and Congress.

The controversy has roiled Senate Democrats as lawmakers started work on the 2018 legislative session, one that will feature battles over state spending and policies in the wake of the federal tax overhaul that's expected to adversely impact New York.

Tax Overhaul — Passage — Vote Passed (51 - 49) Passage of the bill, as amended, that would revise the federal income tax system by lowering individual and corporate tax rates, repealing various deductions through 2025, specifically by eliminating the deduction for state and local income taxes through 2025, increasing the deduction for pass - through entities and raising the child tax credit through 20Tax Overhaul — Passage — Vote Passed (51 - 49) Passage of the bill, as amended, that would revise the federal income tax system by lowering individual and corporate tax rates, repealing various deductions through 2025, specifically by eliminating the deduction for state and local income taxes through 2025, increasing the deduction for pass - through entities and raising the child tax credit through 20tax system by lowering individual and corporate tax rates, repealing various deductions through 2025, specifically by eliminating the deduction for state and local income taxes through 2025, increasing the deduction for pass - through entities and raising the child tax credit through 20tax rates, repealing various deductions through 2025, specifically by eliminating the deduction for state and local income taxes through 2025, increasing the deduction for pass - through entities and raising the child tax credit through 20tax credit through 2025.

It also came as the governor continued to rail against the federal tax overhaul, something he said would cause big tax increases in the state, citing the elimination of a deduction for state and local taxes and a cap on the property tax deduction.

The state has a $ 4.4 billion deficit, and there's uncertainty over the effects of the federal tax overhaul on the state's finances, as well as possible big funding cuts by President Trump and Congress.

Mayor Bill de Blasio was in attendance for Cuomo's speech and, in a news conference afterward, praised certain aspects of it, such as Cuomo's promise to fight the federal tax overhaul, while taking a wait - and - see approach as the governor still did not unveil a congestion pricing scheme, and outlining a few of the city's top priorities for the upcoming state budget, like more funding for the mayor's plan to extend pre-school to all three - year - olds.

As policymakers begin work on a major overhaul to the federal tax code, which could include eliminating or changing the deduction, and amid widespread concern about rising student debt levels, leaders should bear in mind that altering the provision would have implications for higher education and tax policy across levels of government.

The federal estate tax, also known as the inheritance tax, or by opponents as the death tax, has recently been dramatically altered by the Republican tax overhaul known as the 2017 Tax Cuts and Jobs Atax, also known as the inheritance tax, or by opponents as the death tax, has recently been dramatically altered by the Republican tax overhaul known as the 2017 Tax Cuts and Jobs Atax, or by opponents as the death tax, has recently been dramatically altered by the Republican tax overhaul known as the 2017 Tax Cuts and Jobs Atax, has recently been dramatically altered by the Republican tax overhaul known as the 2017 Tax Cuts and Jobs Atax overhaul known as the 2017 Tax Cuts and Jobs ATax Cuts and Jobs Act.

For millions of moderate - income home buyers, there's an important money - saving question looming in 2017: Will Congress reinstate deductions for mortgage insurance premiums as part of its overhaul of the federal tax code?