Sentences with phrase «from federal cuts»

Democrats — including Assembly Speaker Carl Heastie and New York City Mayor Bill de Blasio — say the uncertainty should prompt New York to raise taxes on the rich to protect social programs from federal cuts.

At Friday's hearing, the Council was skeptical of the administration's plan, with Ferreras - Copeland questioning whether it addressed long - term budgetary concerns from federal cuts under the Affordable Care Act and the system's decline in revenue generation.

Not exact matches

Poloz indicated in his statement that the prospect of a big spending push by the federal government caused the committee to move away from its intention to cut interest rates.

In his first term, Bush won passage of tax cuts that helped swing the federal budget from surpluses to deficits.

The Company's effective income tax rate and comparable effective income tax rate (a non-GAAP measure) from continuing operations for the first quarter of 2018 decreased to 29.5 % and 25.6 %, reflecting a lower federal tax rate related to the 2017 Tax Cuts and Jobs Act (Tax Reform).

They also follow a recent pledge by the bank to build more branches and expand hiring in underserved neighborhoods and expand its philanthropic work, in response to an expected windfall from the passage of federal corporate tax cuts last year.

According to a new report from the Joint Committee on Taxation, the House GOP tax reform bill — the Tax Cuts and Jobs Act (TCJA)-- would increase the federal deficit by $ 1.487 trillion over the 10 years after it is implemented.

The biggest driver of economic growth next year will be from household consumption, which policy makers reckon will get a boost from the federal government's tax cuts and its decision to augment monthly child benefits.

The tax cut and excess federal spending may boost some areas of the economy, but thus far, it has not produced anything more than a modest boost in capital spending (most of it from capital intensive technology companies) but a surge in stock buybacks and dividend increases, Apple being a case in point.

In Tuesday's federal budget, the government said more analysis was necessary before considering tax cuts to match the U.S., which announced in December it would drop its federal corporate tax rate to 21 per cent from 35 per cent.

The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts.

Several Republican governors and key senators and House members have expressed concern over abruptly cutting federal Medicaid funding and therefore taking insurance away from millions of people.

Eliminating the state and local tax deduction would raise about one - quarter of the $ 4 trillion in revenues that some Republicans say they need to prevent tax cuts from creating a massive increase in the federal budget deficit.

For one, federal spending cuts are also likely weighing on state and local government hiring — as about 25 % of their funding comes from Washington.

And they book in big savings from program cuts that are still working their way through the federal government.

Growth expectations have been cut significantly since the start of the year: the Atlanta Federal Reserve cut its forecast to 2.0 percent from 4.2 percent in January.

On the demand side, individual investors and mutual funds are still buyers, as individuals experienced a somewhat modest tax cut overall (the top income tax rate fell from 39.6 % to 37 %, for example) and many are looking for protection from the tax man now that the federal deduction for state and local taxes is capped at $ 10,000.

Muni demand from banks and insurance companies should decline somewhat after the large corporate federal income tax rate cut from 35 % to 21 %, but we don't expect widespread liquidation of their portfolios.

These included overly optimistic economic growth and oil price assumptions; cutting the contingency reserve by two - thirds; selling shares in GM at fire sale prices; raiding EI revenues; and even booking «savings» from unilateral changes to federal employees» sick leave benefits.

In FY 2014, executives benefited from an upward adjustment for the lost sales attributed to cuts in the federal food stamp program, even after executives had publicly downplayed any potential impact.

The federal government recorded a budget deficit of $ 215.2 billion in February, up significantly from a year ago as the impact of the GOP tax cuts passed in December begin to surface.

Tax cuts have lifted business sentiment and the outlook for growth, with the Fed seeing a «significant boost to output over the next few years» from the tax law and a federal budget boost.

Isn't this part two of Harper's federal CIT cut from 23 %?

Parliamentary Budget Officer Kevin Page, in his last week on the job, is taking the government to court in a bid to have Ottawa release information about the impacts on federal jobs and services from $ 5.2 billion in cuts announced in last year's budget.Photo by Sean Kilpatrick / The Canadian Press / Files

In the face of blistering criticism from both Florida senators that the federal government was cutting off food and water supplies to Puerto Rico, federal management officials said Wednesday that they will continue...

The White House is set to request for $ 11 billion to be cut from the federal budget Monday, according to two sources briefed on the proposal.

SAN FRANCISCO — Uber has fired the engineer accused of stealing self - driving car trade secrets from its competitor Waymo, bowing to pressure from a federal judge to cut ties with the former star of the ride - hailing company's autonomous vehicle program.

In an article in the Globe and Mail on January 5, columnist Neil Reynolds argued that the federal Finance Minister's corporate tax cuts from 19.5 % in 2008 to 19.0 % in 2009, 18.0 % in 2010 and to 16.5 % in 2011 «are already paying off».

The federal government is not confronted with a short - term fiscal crisis but it is facing a stubborn medium - term structural deficit that will prevent you from balancing the budget by 2015 - 16, without new expenditure cuts and / or tax increases.

President Donald Trump unveiled a $ 4.4 trillion budget plan Monday that envisions steep cuts to America's social safety net but mounting spending on the military, formally retreating from last year's promises to balance the federal budget.

That change would have raised revenue to help Republicans offset the losses from the massive rate cuts, and some proponents of it argued that the state and local tax deduction (known as «SALT») amounted to a federal subsidy of high - tax states.

The poll also found strong support for other policies that would help accelerate Canada's transition to clean energy, including federal support to help provinces use more renewable electricity, switching buildings and vehicles to clean power, and measures to cut the carbon emissions from gasoline and diesel fuel.

Now that the government is planning for an $ 8 billion cut,  the potential job losses could drive job losses to between 99,000 and 108,000 full time positions across Canada. At this much higher level, the federal government could be single - handedly responsible for pushing national unemployment from its current 7.5 % to 8.0 %.

-- Member of Parliament David Yurdiga «The federal government thinks that it is acceptable to run a $ 30 billion deficit and spending billions on foreign aid and international climate change projects, as well as on newcomer settlement programs all the while cutting over $ 100 million from the three northern territories over the course of the next five years.

  Thatâ $ ™ s almost identical to the 32 percent cut in the federal corporate tax income rate from 22.1 % in 2007 down to 15 % from 2012 onwards (see chart and table below).

If you look at the history of the Federal Reserve, typically, when they react to a crisis or a recession on average they cut interest rates about five percent from their prior peak.

The government cut its budget significantly and at the same time the Federal Reserve was hiking rates to stave off inflation, because they were trying to contain the price inflation from the war years.

The disclosures come on the heels of last week's proposals by Republican lawmakers to provide several new tax benefits for multinational companies, including cutting the federal corporate income tax rate to 20 percent from 35 percent.

As housing prices began to drop and the economy slowed, the Federal Reserve began cutting its discount rate from 5.25 % in June 2007 all the way to 0 % by the end of 2008.

I mean, he was aware that there were hazards here, that if we didn't get the bond market rally, if we didn't get cooperation from the Fed [Federal Reserve Board]-- and the Fed, remember, is very independent and Alan Greenspan was not known to be a Democrat — if that didn't happen, there was a hazard that you raise taxes and cut spending and the economy is not that strong anyway, and you wind up with a recession.

In a gesture of solidarity with federal workers who are being affected by the sequester, the White House announced that President Barack Obama will be giving back 5 % of his salary — the approximate amount of pay being cut from nondefense federal agencies.

From the colonial period through the twenty - first century, federal, state, and territorial governments have an unbroken tradition of protecting conscientious objectors who can not abide the government's mandate to kill, cut, or medicate another human being.

It was only after the Reagan administration recognized the reality of homelessness that it reluctantly agreed to restore federal money that had been cut from the Housing and Urban Development budget.

Protests from the Fraternal Order of Police and threats by then - Senator Bob Dole to cut NPR's federal funding convinced the network to change its plans.

But cutting that funding may violate federal law, reportsThe Wall Street Journal, since Medicaid beneficiaries can receive services from «any qualified provider.»

The House of Representatives is working day and night in its effort to cut more than $ 60 billion from the federal budget.

I think Jesus would cut all the social programs from the federal budget.

An earlier price cut led to an $ 11.4 million funding package from the Victorian government and the industry and a $ 555 million low - interest federal loan scheme to help farmers adjust.

A ROCKHAMPTON meat works is set to cut its emissions and power bills thanks to a grant from the Federal Government.

Finally, the report noted that state and local revenue gains from federal tax reform will be further offset by higher costs for state and local borrowing, resulting from tax reform, and greater demand for public services as charitable donations drop and federal budget cuts continue.