Sentences with phrase «largest tax increases in»

The governor said the GOP health plan would result in one of the largest tax increases in the state «probably in modern history.»

Republicans criticized Crisco for a videotaped interview in which he said he did not vote for the two largest tax increases in state history that were signed by Malloy.

This would have been a narrow exception which would have caused no harm to the general public or to the monstrosity which is Obamacare, the largest tax increase in the history of mankind.

For instance, after a Republican Congresswoman's recent press release erroneously called Obama's healthcare law «the largest tax on the American people in history», Rush Limbaugh, a conservative radio talk show host, extended this incorrect characterization, declaring that the law constitutes «nothing more than the largest tax increase in the history of the world».

«Sen. Valesky voted for the largest tax increase in state history and he votes with his New York City leaders more than 99 percent of the time.

Councilor Michael Kelly (Ward 2) said at the last Finance and Budget committee meeting that the Common Council will need to make at least $ 600,000 in permanent cuts and another $ 100,000 in temporary reductions this year to stave off a large tax increase in 2019.

O'Malley passed the largest tax increase in history.

Wrote Cornyn: «President Obama's decision yesterday to join with Republicans in opposing the largest tax increase in American history was made not because he had a sudden change in political or economic philosophy.»

On May 6, 2003, for example, the Governor issued a press release with the following lead paragraph: «Governor George E. Pataki today announced that the fiscally irresponsible budget passed by the State Legislature will harm New Yorkers by imposing the largest tax increase in the history of the State — a tax increase that will lead to massive job losses and a projected $ 13 billion budget shortfall in the upcoming two years.»

Income taxes Miller claims Stirpe voted for the largest tax increase in state history three years ago.

«After passing the largest tax increase in state history, Democrats have still managed to spend us into deficit,» Senate Republican leader John McKinney of Fairfield said Wednesday night.

Consider Sarah Palin's assertion to Fox News a few weeks ago that Democrats are planning «the largest tax increase in U.S. history.»

«It is no wonder, because it would impose the largest tax increase in the history of America.»

Under pressure from Gov. William Donald Schaefer and the education community, the Maryland House last week approved the largest tax increase in the state's history.

Now, if we were to give in to that, that would be the largest tax increase in the history of America.

President Truman is responsible for the largest tax increase in history when his Revenue Act of 1951 raised America's tax contribution to the Gross Domestic Product (GDP) by just over 1.5 percent.

Not exact matches

He too supported large, deficit - increasing tax cuts that were tilted towards the rich, though Trump's is much larger in scale.

In recent years, the Affordable Care Act and the bipartisan tax negotiations in late 2012 have led to large increases in tax rates on high salaries and capital income, making the tax code significantly more progressivIn recent years, the Affordable Care Act and the bipartisan tax negotiations in late 2012 have led to large increases in tax rates on high salaries and capital income, making the tax code significantly more progressivin late 2012 have led to large increases in tax rates on high salaries and capital income, making the tax code significantly more progressivin tax rates on high salaries and capital income, making the tax code significantly more progressive.

State and local governments saw a big jump in tax revenues in the final three months of 2017, due in large part to an increase in the prepayment of income and property taxes as some high - income residents sought to take advantage of deductions that will be sharply reduced in 2018.

The largest increases in the deficit would come from repealing or modifying tax provisions in the ACA that are not directly related to health insurance coverage — such as repealing a surtax on net investment income, repealing annual fees imposed on health insurers, and reducing the income threshold for determining the tax deduction for medical expenses.

Although the average level of after - tax income of the top 1 percent of households remains well below its 2007 peak, the percentage increase in their average after - tax income from 1979 to 2013 was five times larger than that of the middle 60 percent and four times larger than that of the bottom fifth.

The increase in corporate income tax revenues largely reflecting strong gains in the tax settlement period for those large corporations with a taxation year ending December 31st.

Due to the large and expanding scale of our international business activities, any changes in the U.S. or foreign taxation of such activities may increase our worldwide effective tax rate and the amount of taxes we pay and seriously harm our business.

Chicago's sales tax rate will hit a whopping 10.25 percent next year, and just in time for Oscar Mayer to move into its new digs in the AON Center near Millennium Park, the Chicago City Council passed the largest property tax increase in modern city history.

Although this may seem like a modest increase, it is actually the largest boost to the R&D tax credit scheme in over 40 years.

According to a 2016 report from the Tax Policy Center, «Taxpayers with incomes over $ 100,000 would have the largest tax increases both in dollars and as a percentage of income.&raqTax Policy Center, «Taxpayers with incomes over $ 100,000 would have the largest tax increases both in dollars and as a percentage of income.&raqtax increases both in dollars and as a percentage of income.»

Finally, the legislation would repeal the personal exemption in favor of a larger standard deduction, a larger child tax credit, and a new $ 300 per person tax credit; these provisions would be roughly neutral when taken together, though the $ 300 per person credit would expire after 5 years and continuing it would increase costs.

Italian consumer confidence tumbled to its lowest level since 1996 in June, as residents in the euro zone's third - largest economy fretted about their future in the wake of tax increases and austerity measures.

Other specific factors to have contributed to the CPI increase over the past year have been large increases in insurance and tobacco prices, much of which were tax - related, and house purchase prices, which have been partly driven by strength in housing demand attempting to avoid the GST (and accommodated by easy credit availability).

The report states that under the Tax Cuts and Jobs Act, the tax benefits of renting over buying a home will increase in 29 of the 35 largest U.S. markeTax Cuts and Jobs Act, the tax benefits of renting over buying a home will increase in 29 of the 35 largest U.S. marketax benefits of renting over buying a home will increase in 29 of the 35 largest U.S. markets.

«While asset location may not save you a large amount of taxes in any one year, it should produce small increases in your after - tax return every year.

While federal and provincial governments will continue to play an important role investing in infrastructure, they simply do not have the resources to meet the demand — pegged at somewhere in the neighbourhood of $ 500 - billion — without a large increase in tax revenues or drastic cuts to social programs.

A large drop was forecast due to the surge in spending seen last year in March ahead of a sales tax increase in April 2014.

Facebook said he will use the «substantial majority» of the windfall to cover the massive tax bill he'll be hit with, thanks to his plan to exercise a large stock - options grant that will increase his ownership stake in the company he founded.

The increases in GST and other revenues to date are somewhat larger than those expected in the November 2013 Update, while personal and corporate income tax revenues are somewhat lower.

Proposals for large tax increases to expand Palatine - based Harper College and to ease severe crowding in Carpentersville - based District 300 led the string of bond - proposal failures.

And the consecutive years of no tax increases mirror another trend under Daley, non-property tax revenues have become an ever larger chunk of the budget — accounting for 32 percent in 1999.

As County Executive, I inherited the largest deficit in my County's history and turned it into a surplus and six years in a row without a general fund tax increase.

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?

ALBANY (AP) A leading business advocacy organization is calling on New York state lawmakers to cut taxes for small businesses and fight large increases to the minimum wage in 2016.

The savings come from reduced costs for public assistance to low - wage workers — in effect a taxpayer subsidy to large low - wage employers — and increased tax payments by workers benefiting from the wage hike.

GE had been concerned about the so - called unitary tax that would increase taxes on large corporations with operations in multiple states.

Following the submission today of the NASUWT response to the Department for Education consultation on «Proposed Increases to Contributions for Members of the Teachers» Pension Scheme», Chris Keates, General Secretary of the NASUWT, the largest teachers» union in the UK, said: «The Coalition Government should tell the public the truth about why it is seeking to raid the pensions of millions of ordinary public service workers and why it is taxing public sector workers who are acting responsibly by trying to save for their retirement.

But wading into this issue is a politically fraught one, especially for suburban lawmakers whose districts historically are able to rely in large part on property tax revenue, which is now capped at 2 percent annual increases.

In regards to tax relief, Flanagan and the REPUBS fought the move to a more progressive tax system that would have provided a larger tax increase for the MC.

Yesterday's pre-budget report announced big tax giveaways - the largest being a temporary VAT cut, costing # 12.4 bn - paid for, in part, by spending cuts and increased taxation in the future.

The adjusted base proportions are used to determine the taxable assessed value for each of the individual classes, therefore, shifts in these amounts could cause larger than normal tax increases, which would result in uncertainty for the taxpayer.

Philips emphasized that although the tax percentage increase for this year is large, the actual monetary increase will be lower than in other towns.

The small sample (518) backs the 50p tax rate by a large majority and also supports the new allowance for savers, the scrappage scheme for old cars and the increase in alcohol duty.

The largest middle class tax increase in the history of America and he voted for it before he even sat down in his seat.