Sentences with phrase «federal tax revenue»

Their elimination would add an estimated $ 1.3 trillion to federal tax revenue over the next 10 years.

Although federal tax revenues are far short of anticipated spending, the federal government is not about to step in with still another stimulus package.

Like - kind exchanges contribute significant federal tax revenue.

This transactional activity raises state, local and federal tax revenue through transfer, sales and use taxes and increased property taxes.

Unless the economy catches fire (which Trump says it will), his plan will reduce federal tax revenues by $ 6.2 billion over 10 years, the Tax Policy Center says.

In the paper, «Plug - in vehicles and the future of road infrastructure funding in the United States,» Jerome Dumortier and Seth Payton, assistant professors in the School of Public and Environmental Affairs, and Matthew Kent, a former graduate student, assess the magnitude of the decline in federal tax revenue caused by plug - in vehicles and quantify the revenue that could be generated from a federal plug - in vehicle registration fee.

It reduced federal tax revenue by $ 80 billion in 2010, according to a study by Pew Charitable Trusts based on Treasury Department estimates, making it one of the biggest personal tax breaks.

The government expects the anti-smoke move will increase federal tax revenues by $ 685 million in 2014 - 15 — a major piece of the puzzle in Tory efforts to balance the books over the next two years.

Overview of federal tax receipts: the composition of federal tax revenues, the income distribution of tax shares and liability, and the changes in total tax burden and as a percentage of GDP over time.

It is true that there are estimates that ESOP tax benefits lower Federal tax revenues by as much as $ 2 billion a year.

Overall, the CBO estimated in 2012 that the shift to pass - throughs had resulted in a $ 76 billion loss in annual federal tax revenue as of 2007, or about 5 percent of that year's total corporate and individual income tax haul, while Treasury put the loss at $ 100 billion, or 7.9 percent, in 2011.

Ending the SALT tax break is part of a package of changes to deductions that would help Republicans raise more than $ 1.2 trillion in new federal tax revenues over 10 years.

It also includes federal tax revenues by state.

However, the Liberal platform also envisaged temporary deficits to finance higher spending on social programs such as child benefits, a higher Guaranteed Income Supplement for single seniors, public health care, child care and First Nations programs, and did not increase overall federal tax revenues.

The state is facing uncertainty over how deeply President - elect Donald J. Trump and the Republican - led Congress will cut into federal tax revenue and how the looming repeal of the Affordable Care Act might affect the state.

Combined contribution of the states to tax revenue stood at 15.43 per cent of total tax revenue with Federal tax revenue making up 84.57 per cent for year 2015.

Just the loss in state and federal tax revenues from the 23 million high - school dropouts has been estimated at $ 50 billion a year.

Ottawa estimates that in 20 years, relative to the size of today's economy, increasing the TFSA limit and not indexing the new limit to inflation will amount to 0.03 per cent of total federal tax revenue.

While his promise to cut taxes, mostly to the benefit of upper income earners, will probably lead to a short - term boost in U.S. GDP growth, it also threatens to leave a significant shortfall in federal tax revenue down the road — as much as $ 6.2 trillion over the next decade.

NAR Chief Economist Lawrence Yun forcefully declared that the mortgage interest deduction, often brought up as a possible target for cutting to bolster federal tax revenues, belonged to the people of America, not to politicians looking to make up a budget shortfall.

[9] The Democrats» opposition to high tariffs and spending on internal improvements would indeed have reduced federal tax revenue.

President Reagan's «Economic Recovery Act of 1981» lowered federal tax revenues by $ 208 billion, but the GDP grew 3.5 percent during his presidency.

Such a use of the Reconciliation procedure would be immensely consequential: the Tax Policy Center estimates that the result of Trump's proposed tax changes would be a reduction of annual federal tax revenue by 4 per cent of GDP.

'' The best way to increase federal tax revenues is to increase the number of working Americans who actually pay taxes.

If the graduation rate increased to 90 percent for just one cohort of students, the country would see a $ 7.2 billion increase in annual earnings and a $ 1.1 billion increase in federal tax revenue.

Prior to the Trump tax cuts, the CBO was projecting that federal tax revenues would grow robustly, from 17.7 % of GDP in 2018 to around 18.4 % a decade later.

Additionally, minority - owned businesses contribute close to $ 49 billion in local, state and federal tax revenues.

Compared to the reductions noted above, the recent tax law changes are the fourth largest in history, reducing the federal tax revenue stream by between $ 150 and $ 200 billion per year.

Jobs and incomes rose significantly as a result and federal tax revenue in those two years tripled and quadrupled.