Sentences with phrase «increase middle class taxes»

If it reduced that, then it would have to do one or more of increase middle class taxes, reduce spending, or increase borrowing.

«Increasing middle class taxes to subsidize corporate tax cuts is an affront to struggling Americans.

Not exact matches

One independent analysis, though, estimated the GOP framework could actually increase taxes on more than a quarter of middle - class Americans over time.

WHAT THEY SAID: «Nobody in the middle class is going to get a tax increase,» Senate Majority Leader Mitch McConnell said on MSNBC on Nov. 4.

FiveThirtyEight pointed out that the number of people who thought tax cuts enacted under Presidents Ronald Reagan and George W. Bush would help the rich more than the middle class increased after those plans passed.

«At the same time as they have these massive tax cuts for the richest people in the country they actually increase taxes for a lot of working and middle class people, and so I think they see the child tax credit as a way to try to address that,» Marr said.

In order to update and improve the infrastructure, thereby creating the middle - class jobs Obama is looking for, there will have to be an increase in tax revenue in the near - term.

Her policies would also help the low - and middle - class since their tax bill would remain largely the same and they will benefit from increased government assistance.

We made it clear we need to make significant investments in infrastructure and middle - class families, so we talked about reducing the tax rate for middle - class families and increasing the child tax benefit to deal with the rising costs and anxieties.

In party - line votes on Tuesday, Brady's tax committee voted down eight Democratic amendments that would have preserved or expanded tax breaks for the middle class, nullified the tax legislation if it increased the deficit in future years and maintained taxes on foreign profits of U.S. corporations.

The Senate tax bill would substantially increase premiums in the individual market for health insurance, and middle - class families would bear the brunt of the price hike.

Taken as a whole, the tax bill would not only increase taxes for millions of middle - class families but would also have disastrous effects on people's health care.

And they run the risk of being attacked, accurately, by Democrats for proposing to increase taxes on middle - class Americans come 2026.

Abolishing the Alternative Minimum Tax, which increases taxes for certain affluent or upper - middle - class households.

He addressed this problem a bit by lowering the bottom rate to 10 percent from 12 percent in the campaign plan, but it's still likely that a Trump proposal that includes these elements will result in a tax increase for millions of middle - class people, and the lower standard deduction doesn't help:

The plan doesn't specify whether Trump still wants to eliminate «head of household» filing status and eliminate personal exemptions, two changes in his campaign plan which would result in many middle - class families seeing tax increases.

A mere $ 2.50 of the planned minimum wage increase from from $ 7.25 to $ 12.00, let alone $ 15 equals the entire EITC boondoggle of a program, but doesn't rob the middle class tax payer.

The alternative minimum tax, which increases taxes for certain affluent or upper - middle - class households, is repealed.

If these changes go through, there are many scenarios where a typical middle - class, family - run business from which the owners draw a salary of $ 100,000 could see a substantial — 20 to 50 per cent — increase in tax paid.

We will increase the marginal tax rate on Canada's top one percent so that we can cut taxes for the middle class.

-- When changes in the composition of families are taken into account — including fewer adults per household as family sizes decrease — the real after - tax income of middle - class families increased 30 per cent from 1976 to 2010 — on par with other income groups, but still lower than the top earners

«At the time, people looked at our plan for more generous and means - tested child benefits, tax increases for the rich and tax cuts for the middle class as a bit of a curiosity,» he said, according to a copy of his remarks.

Under your proposed Infrastructure Bank, investors are expecting a minimum return of 7 — 9 %, and it is clear that low and middle class Canadians will bear the brunt of higher costs through tolls, user fees and increased taxes.

Likewise, Clinton would limit itemized deductions, raise the estate tax and increase taxes on capital gains (profits from the sale of stocks and other assets held at least a year); these are concentrated among the wealthy and upper middle class.

«It would be reasonable to expect the average price of homes that middle - class buyers acquire to decrease in line with the amount of the tax increase.

With the cancellation of the health care levy (which it should be pointed out was graduated and not a flat amount like the old premium), and the NDP tax increases kicking in at 130K and not 100K like the Prentice budget, the NDP has made sure the upper middle class (and some of the upper class) are paying less taxes than under Prentice's budget.

While Madigan would have Illinoisans believe it would only be a tax increase on the rich, recent history and Illinois» spending problems dictate the middle class would face tax hikes under a progressive tax system — where income is taxed at increasingly higher rates, rather than the current flat rate of 4.95 percent.

Progressives will be expecting the government to deliver on its ambitious social agenda, and will note that this could be easily funded on the revenue side by implementing a modest corporate tax increase, by scaling back the so - called middle class tax cut, and by setting more ambitious targets for the promised Liberal review of tax loopholes for the most affluent.

When it became obvious that the third nine was a 9 % value added tax on top of the 9 % sales tax and the 9 % flat income tax, my thought was «This sounds like a middle - class tax increase.»

Cain kept rising in the polls for a couple of weeks after that, but if other missteps and a sex scandal hadn't destroyed his candidacy first, the growing realization that he had proposed a middle - class tax increase would have finished him.

they supported Cain because they didn't know it was a middle - class tax increase.

This all sounded really good, but does it sound worth a middle - class tax increase?

Cain denies that his plan contains a VAT, claims that his plan is not a middle - class tax increase and says the other candidates do not understand his campaign's analysis.

When does that debt get high enough that we would prefer spending cut vs increasing middle and lower class taxes which Obamacare essentially does?

Most attacks focused on existing income tax + new sales tax =: (Better off sticking with the 9 -9-9 tax plan as middle and working - class tax increase.

In a potential contest over who becomes the «real conservative» alternative to the establishment candidate, Cruz could be the candidate of the middle - class tax cut while Rand Paul would be the candidate of the middle - class tax increase.

Pete is right that the powerful argument against the 9 -9-9 plan is that it would be a big tax increase for the middle middle - class, those Americans who often didn't go to college and whose lives are becoming increasingly precarious and pathological.

As a matter of politics, Obama effectively leveraged a temporary middle - class tax increase (that is already gone) in order to get permanent tax increases.

You can't support enormous tax cuts for high - earners that would require tax increases for the middle - class and the poor to fund the government.

He came out against middle - class tax increases, said he now supported the mid-1990s welfare reform, and he made an effort to seem like an abortion moderate who struggled with the moral complexity of the issue.

It isn't the fault of Republican primary voters that the Huntsman campaign combined seeming contempt for the Republican electorate with a middle - class tax increase and huge tax cuts on high earners.

Oh, and it is still a middle - class tax increase.

He seems to have proposed a middle - class tax increase with sharp tax cuts for....

I agree it is Wholefoods disciples pushing for excessively expensive school foods be served to all students (much of which they only toss in the garbage) to be paid for with increasing tax dollars from middle and lower class taxpayers.

The economic argument is debatable and opinions differ, but do you think the large numbers of struggling upstaters enjoy the high taxes, ever increasing fees (example: the cost to have your vehicle inspected DOUBLED from 2010 to 2011 and is now one of the highest in the nation) and endless financial burdens they as lower and middle class people endure while the rich bankers and CEOs downstate laugh at them?

To clarify: I would define «largely cut taxes for the rich» as meaning the taxes of the top 1 % were in some way shape or form lowered a lot more than the taxes of the middle class or their wealth was significantly increased via corporate tax code changes

Trump's promise to end state and local deductions — one element of his tax reform blueprint unveiled in April — would raise taxes on over one million middle - class New Yorkers and increase the city's federal tax burden by a whopping $ 7 billion, according to a new analysis from NYC Comptroller Scott Stringer.

The final agreement not only burnishes Cuomo's liberal credentials by extending (though not expanding) the millionaire's tax, raising the age of criminal responsibility of New York and addressing the high cost of college tuition for members of the middle class, it also dramatically increases his (already considerable) budget powers, enabling him to single - handedly make spending cuts in the event of widely expected future federal funding reductions.

«From cutting property taxes to alleviating student loan debt, we're continually striving to improve lives and increase economic opportunity for middle class New Yorkers,» Cuomo wrote.

So the con - dem - nation administration, will raise the income tax threshold, disproportionately benefiting the middle class, only to be paid for by a VAT increase, which disproportionately hurts the low paid.