Sentences with phrase «lawmakers propose a tax increase»

Not exact matches

And because Senate rules will require the plan to fit within a budget resolution that will most likely allow only $ 1.5 trillion in revenue losses over a decade, lawmakers will have to trim its proposed tax cuts — or add new tax increases — to meet that specification before it can become law.

JCT provided lawmakers with various estimates of how the proposed tax cuts would dramatically increase the number of taxpayers hit by the AMT.

Top Senate Republicans considered keeping President Barack Obama's tax increase on wealthier people's investments and using the money to bolster their proposed health care subsidies in a bid to mollify moderate GOP lawmakers and salvage the party's struggling bill.

Democratic leaders were talking with rank - and - file lawmakers about how to revise the budget plan in the wake of the statements by officials of General Electric, Aetna and Travelers concerning the $ 700 million in proposed business tax increases.

Further hearings will be held to give lawmakers a chance to find additional savings in the Mayor's budget proposal in their effort to keep proposed tax increases to a minimum.

During negotiations, two basic things happened to affect the financial plan Cuomo sought: the Senate rejected most of the tax hikes he proposed — such as closing a loophole on third party internet sales on sites such as Amazon — and lawmakers nearly doubled what the school aid increase that Cuomo planned in January.

Lawmakers had rejected Mangano's proposed property tax increase, estimated to cost the average homeowner $ 23 annually.

With a $ 348 million increase in taxes on health insurance already approved by lawmakers as part of the 2008 - 09 Deficit Reduction Plan (DRP), The Business Council strongly opposes an additional $ 481 million in health care and health insurance taxes that are proposed as part of the 2009 - 10 Executive Budget.

An additional $ 481 million in new and increased health taxes that were proposed in the overall Executive Budget await lawmaker action, including:

In the New York State Senate's response to this year's proposed executive budget, lawmakers once again suggested that New York City join the rest of the state in capping property tax increases at 2 percent.

ALBANY — A caucus representing lawmakers of color says money that Governor Andrew Cuomo has proposed to devote to tax cuts should be used to increase education funding.