Sentences with phrase «federal tax reform effort»

ALBANY — Gov. Andrew Cuomo says that if Rep. John Faso truly opposed the federal tax reform effort that passed the House on Thursday, he would have resigned in protest.

The effects of forthcoming federal tax reform efforts — such as limitations on the deductibility for state and local taxes and the exemption for municipal bonds — could hit the state hard, the duo said, and have «significant implications» for the revenues of both New York City (the state's main economic engine) and the state.

Not exact matches

While last week's budget vote cleared the way to begin the tax reform effort, 20 Republicans voted against it, citing issues with the elimination of state and local tax deductions and a massive expansion of the federal deficit.

As part of this reform effort, Ottawa originally proposed a national value - added tax that would merge the new federal sales tax and the provincial retail sales taxes.

This year, in a speech that included applause for Cuomo's criminal justice reform efforts such as strengthening state oversight of jail and his plan to fight the federal government on the tax law, Cuomo sought to give shootouts to individual members of the Legislature and praise Attorney General Eric Schneiderman as well as DiNapoli.

Last year, Edwards put her organization's federal tax - exempt status at risk by partnering with Stand for Children, which has become a radical reform group, in failed efforts to upend local school board elections.

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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.

«Homeowners already pay 83 percent of all federal income taxes, and reform that raises their taxes is a failed effort,» said Harrison.

Advocacy efforts on the federal level will heat up this year as Congress considers secondary mortgage market and tax reforms.