Sentences with phrase «increase taxes on high earners»

The government wants to cut spending, and the opposition parties want to increase taxes on high earners as well as corporate income taxes (CIT) instead.

The Council support is part of a concerted push by city leaders for a «home rule» message that would allow the city to increase taxes on its highest earners.

Not exact matches

Possible reforms could include raising the full retirement age for Social Security to 70 for workers who are currently under age 40; cutting benefits; increasing payroll taxes on workers; increasing Medicare premiums; and making Social Security benefits more progressive — meaning cutting benefits for high - income workers, while preserving payouts for low - income earners.

Higher taxes on top earners or increased corporate tax rates for firms with very high CEO - to - worker compensation ratios could rein in executive pay without adversely affecting workers or the economy, the report suggests.

On the other hand, 71 percent favor the law's Medicaid expansion, 66 percent of young adults favor the prohibition on denying people coverage because of a person's medical history, 65 percent favor requiring insurance plans to cover the full cost of birth control, 63 percent favor requiring most employers to pay a fine if they don't offer insurance and 53 percent favor paying for benefit increases with higher payroll taxes for higher earnerOn the other hand, 71 percent favor the law's Medicaid expansion, 66 percent of young adults favor the prohibition on denying people coverage because of a person's medical history, 65 percent favor requiring insurance plans to cover the full cost of birth control, 63 percent favor requiring most employers to pay a fine if they don't offer insurance and 53 percent favor paying for benefit increases with higher payroll taxes for higher earneron denying people coverage because of a person's medical history, 65 percent favor requiring insurance plans to cover the full cost of birth control, 63 percent favor requiring most employers to pay a fine if they don't offer insurance and 53 percent favor paying for benefit increases with higher payroll taxes for higher earners.

In late 2012, the Bush - era tax cuts expired, resulting in a tax increase (to 39.6 percent) on the highest earners.

While it's hard to know exactly what taxes will increase and by how much, taxes on high income earners are going up.

«Many studies have shown that, on average, tax increases have a negative effect on economic activity and incomes, especially for high - income earners who tend to be more responsive to tax changes,» said Laurin.

On the other hand, I've read that the anticipated tax increases on high earners and investment income pulled some economic activity from higher tax 2013 into lower tax 201On the other hand, I've read that the anticipated tax increases on high earners and investment income pulled some economic activity from higher tax 2013 into lower tax 201on high earners and investment income pulled some economic activity from higher tax 2013 into lower tax 2012.

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.

The tax increase / extension on high - income earners and the idle rich is due to the Obama economy in free - fall and layoffs on the evil Wall Stret financial industry.

In the UK, a common argument of Conservatives is that any increase in taxes on high earners will make the country «uncompetitive» (in the sense that the rich will flee to foreign tax havens).

The union also released the results of a poll conducted by National Opinion Research that found 63 percent of New Yorkers would prefer to see a temporary income tax increase on the state's highest earners (1 percent for those who make more than $ 1 million and 2 percent for those who make over $ 5 million) over education funding cuts of between $ 800 million and $ 1.4 million.

Mr. Golisano recently announced that he was moving his legal residence to Florida out of anger about the budget deal crafted in April by Democratic leaders in Albany, which included an increase in taxes on high earners.

After holding a public hearing to increase both the income tax on the highest earners and the sales tax on everyone, Democratic leaders abruptly dropped those ideas, although top lawmakers said they may reappear before a final budget is adopted.

Cuomo's budget includes some small fee increases and limits on deductions for high income earners, but no new taxes.

In his inaugural address de Blasio highlighted his call for funding universal pre-K and middle school after school programs with an increased income tax on high earners.

Pressure on Gov. Andrew Cuomo to keep a tax on high - income earners is increasing daily, thanks in part to the Occupy movements on Wall Street and here in Albany, Assembly Majority Leader Ron Canestrari said today.

Another bill calls for increasing the maximum rate of the state income tax to 7.49 percent on the state's highest earners, up from the current maximum of 6.99 percent.

The increase in taxes on high earners is a petty political gesture rather than a serious financial solution.

Personal allowance increase welcome for higher earners but of no benefit to those on the lowest incomes The Chancellor has announced today in the Budget that having gone up to # 11,000 in the tax year beginning 6 April 2016, the personal allowance will rise again to # 11,500 in 2017/18.

At a time when fuel prices are at record high, and the Government is punishing drivers with sky high VED increases, Mrs Kelly is now going to hit low income earners in Greater Manchester with a 8 per cent tax on getting into work.

The groups called for a return to higher rates for top income earners, more spending on education and municipal aid — which they said would keep locally imposed property taxes in check — as well as increased oversight of several business tax credit programs.

The leaders» proposals would accelerate the repeal of tax increases Obama imposed on higher earners, the medical industry and others.

De Blasio called the governor's plan «commendable» yesterday, but said he had a mandate from the city's voters to press for his own tax increase on the city's highest earners.

Cuomo appears to be winning the day on creating a statewide expansion of prekindergarten using state funds rather than a New York City tax increase on high earners pushed hard by Mayor Bill de Blasio.

The issue: After Assembly Democrats proposed increasing the income tax on high - wealth earners in 2016, the issue fell off the table.

Mr. de Blasio is expected to lean heavily on Mr. Fuleihan's counsel as he urges state legislators to support the central pledge of his mayoral campaign — an increase in taxes on high - income earners to finance an expansion of prekindergarten programs.

As a result, the Obama administration has proposed increasing «mandatory spending,» which designates money generated by selling federal assets or raising taxes (such as a proposed $ 10 fee per barrel of oil sold and increasing taxes on higher - income earners) to pay for specific programs.

The CFT's progressive approach, which has Gov. Jerry Brown's support, would slightly raise income taxes on the state's highest earners and temporarily increase the sales tax by one - quarter of 1 percent.

For high - income earners living in Alberta, whose tax rates have increased dramatically since last year, the impact on their take home pay this month will be much more severe as Alberta's top federal / provincial combined marginal rate went from 40.25 per cent in 2015 to 48 per cent in 2016.

If the Liberals want to crack down on tax loopholes or increase tax for high - income earners, that is one thing.

Capital gain taxes increased significantly for high earners in 2013, and many face an additional 3.8 % net investment income tax (NIIT) on passive investment income like capital gains.

Many high earners pay quarterly estimated - tax payments, which are calculated based on the previous year's tax liability (before the increases were introduced).

A newly - lowered top US federal tax rate, combined with a strong US dollar and recent Canadian tax increases on high - income earners, could make the US more attractive to highly - skilled Canadian workers — and ex-pat US citizens — potentially compounding the talent drain.