Sentences with phrase «increased federal tax bills»

These changes to the state and local tax (SALT) deductions will increase the federal tax bills of people living in communities that invest heavily in their local school districts and communities.

Not exact matches

While Republican leaders argued it would, every major independent analysis of the bill, known as the Tax Cuts and Jobs Act, showed that it would grow the federal debt over the next 10 years even when accounting for that increased growth.

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 implementtax 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 implementTax Cuts and Jobs Act (TCJA)-- would increase the federal deficit by $ 1.487 trillion over the 10 years after it is implemented.

Woolf, who is running for the seat in the North Country's 21st district, hosted the call with current incumbent Rep. Bill Owens to attack the Republican candidate, Elise Stefanik, for her views on tax policy and increasing the federal minimum wage.

That deduction had been popular in high - tax, Democratic states like New York, Connecticut and New Jersey, where many homeowners now face big increases in their federal tax bill.

The ad accuses Slaughter of a voting for a slew of tax increases, including the so - called «cap and trade» emissions measure and trots out the frequent Republicant talking point that the 2010 federal health care bill cuts $ 716 billion for Medicare, which is actually spread out over 10 years and targets subsidies to insurance companies.

New York (CNNMoney.com)- Congressional budget scorekeepers said that a grab - bag bill of spending and tax measures to be taken up this week would increase federal deficits by $ 134 billion over a decade.

Passage of the bill, as amended, that would revise the federal income tax system by lowering individual and corporate tax rates, repealing various deductions through 2025, specifically by eliminating the deduction for state and local income taxes through 2025, increasing the deduction for pass - through entities and raising the child tax credit through 2025.

Tax Overhaul — Passage — Vote Passed (51 - 49) Passage of the bill, as amended, that would revise the federal income tax system by lowering individual and corporate tax rates, repealing various deductions through 2025, specifically by eliminating the deduction for state and local income taxes through 2025, increasing the deduction for pass - through entities and raising the child tax credit through 20Tax Overhaul — Passage — Vote Passed (51 - 49) Passage of the bill, as amended, that would revise the federal income tax system by lowering individual and corporate tax rates, repealing various deductions through 2025, specifically by eliminating the deduction for state and local income taxes through 2025, increasing the deduction for pass - through entities and raising the child tax credit through 20tax system by lowering individual and corporate tax rates, repealing various deductions through 2025, specifically by eliminating the deduction for state and local income taxes through 2025, increasing the deduction for pass - through entities and raising the child tax credit through 20tax rates, repealing various deductions through 2025, specifically by eliminating the deduction for state and local income taxes through 2025, increasing the deduction for pass - through entities and raising the child tax credit through 20tax credit through 2025.

However, he supports the tax reform bills before Congress which will increase the federal deficit by $ 1,500,000,000,000, and probably more, over the next decade.

We had the interstate highway bill [the Federal - Aid Highway Act of 1956], and we collected gas tax and spent it to complete the interstate, but as the years went by, there was an increasing desire to do more than just keep building highways.

Given the tax reform effort currently under way in Congress this would seem an appropriate time to consider the usefulness of a carbon tax to increase Federal revenue even though no such proposal (happily) is in the current tax bill.

Our recommendation is that we should abandon the sky - is - falling and phantom job loss tactic, and lobby the administration with several «asks,» that could include: MLP / REIT status for solar companies; fast - track permitting; reducing environmental studies; tax - free manufacturing zones in the interest of U.S. national security and to revitalize certain cities; a revision of accounting rules that penalize solar project owners; federal policy allowing net metering for homeowners and community solar projects; including solar in the upcoming infrastructure spending bill; and finally increased PV deployment on federal buildings.

Enjoy savings on day 1 with reduced electric bills, an increase in property value, the 30 % federal tax credit, as well as any available utility or state incentives.

The Senate Budget Committee approved the bill on a party - line vote of 12 - 11 Tuesday, but only after Senator Bob Corker of Tennessee said he bargained for adding a controversial provision: a so - called revenue trigger that would impose tax increases if the tax bill's cuts raise the federal deficit.