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Lower dairy prices represented a mixed blessing, reducing ingredient costs for consumer products but also weighing heavily on the company's farmer - shareholders whose collective
incomes have been slashed
by billions of dollars in the last two years.
A report
by a policy think tank finds that 500,000 job opportunities were lost in New York in the three year long economic slump, representing a total
income loss
of $ 31
billion dollars a year.
The measures were part
of a package
of initiatives focused on poverty and
income inequality rolled out
by the governor in the run - up to Wednesday's State
of the State address, involving
billions of dollars in services and tax abatements.
«The legalization
of marijuana
by Colorado and California is starting to generate
billions of dollars in tax
income for those states,» Collin said.
Replacing
income taxes with am employer payroll tax, leaving Washington, not Albany, on the hook for
billions of dollars in lost revenue, might sound good, but the idea floated
by the governor is already running headlong into a barrage
of practical questions about how precisely such a switcheroo might work.
Of course, this will be made somewhat easier
by the governor's agreement with the legislature last month to extend $ 2.6
billion in higher
income - tax rates on million -
dollar earners, offset in part
by small rate cuts for middle - class filers.
The multi-author study,
by the Global Alliance for Rabies Control's Partners for Rabies Prevention Group, also shows that annual economic losses because
of the disease are around 8.6
billion US
dollars, mostly due to premature deaths, but also because
of spending on human vaccines, lost
income for victims
of animal bites and other costs.
By far the largest is California's Proposition 30, which would generate billions of dollars a year by hiking sales and income tax rate
By far the largest is California's Proposition 30, which would generate
billions of dollars a year
by hiking sales and income tax rate
by hiking sales and
income tax rates.
Only a cartoon character without a soul could actually defend large corporations and the wealthy who avoid more than $ 100
billion in taxes every year
by setting up offshore tax shelters in places like the Cayman Islands (home to more than 18,000 corporations), Bermuda and the Bahamas that help giant multinationals like General Electric avoid
billions of dollars in corporate
income taxes.
A modern conservative columnist, Kate O'Beirne, writing in the National Review, has questioned the value
of food stamps, school breakfasts and lunches, and the WIC programs (Special Supplemental Nutrition Program for Women, Infants, and Children): «With rates
of excess weight and obesity highest among low -
income households, budget officials should be asking themselves why tens
of billions of dollars are being spent each year
by federal nutrition programs aimed at boosting food consumption
by the poor.»
Brown said the policies he had promoted were addressing those issues: Passage
of Prop. 30, the initiative approved
by voters two years ago that is generating
billions of dollars of extra tax revenues for schools, and the Local Control Funding Formula that is targeting
billions of state education funds to low -
income students and English learners.
The two proposals come forward as lawmakers consider legislation sponsored
by the California PTA that would strengthen requirements that schools engage parents in spending decisions over the use
of billions of dollars in state aid to targeted students — English learners, low -
income students and foster youth.
The «Great Public Schools Now Initiative» says the expansion would cost nearly half a
billion dollars by 2023, through 260 new charter schools to serve an additional 130,000 students «most in need — low -
income students
of color.»
A 2016 report
by the Government Accountability Office contended that the government underestimated the expenditure
of student loan forgiveness through the
Income - Driven Repayment (IDR) Program
by a whopping 70
billion taxpayer
dollars.