Sentences with phrase «lowered federal tax revenues»

President Reagan's «Economic Recovery Act of 1981» lowered federal tax revenues by $ 208 billion, but the GDP grew 3.5 percent during his presidency.

Not exact matches

Low rates could also help shrink the federal budget deficit by easing the government's borrowing costs and generating tax revenue from stronger growth, Bernanke argued.

debt obligations of the U.S. government that are issued at various intervals and with various maturities; revenue from these bonds is used to raise capital and / or refund outstanding debt; since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally considered to be free from credit risk and thus typically carry lower yields than other securities; the interest paid by Treasuries is exempt from state and local tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctitax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury AuctiTax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions

If the Conservatives hadn't touched the federal corporate tax rate when they took office in 2006 — if they'd kept it at 21 per cent instead of lowering it to 15 per cent — government revenues would be $ 13 billion higher, the Canadian Labour Congress argued in a paper last January.

In summary, the likely results of sales - tax harmonization would be: huge savings for business, mostly unrelated to productivity - enhancing investment; slightly higher consumer prices;  lower provincial revenues; and $ 5 billion less for important federal programs.

  In fact, as a share of our economy and of corporate profits, federal tax corporate tax revenues were 31 and 30 percent lower respectively last year than they were in 2007/8.

In fact, as a share of our economy and of corporate profits, federal tax corporate tax revenues were 31 and 30 percent lower respectively last year than they were in 2007/8.

As the table below shows federal corporate tax revenues rose to $ 35 billion in 2013/14, but this was still 17 percent below the $ 42.2 billion they were in 2007/8 when our economy and corporate profits were respectively 17 and 15 percent lower (in current dollars).

The M.T.A. has been planning to use the revenue produced by the tax to underwrite its application for a $ 2.2 billion low - interest loan from the Federal Railroad Administration.

«Residents will get every possible deduction that is still available under the new federal tax law, including some that result in lower revenues for state and city government,» Wylde said.

The state's fiscal picture faces challenges from lower - than - expected revenue growth and the potential for federal cuts and tax changes, according to Comptroller Tom DiNapoli's office.

They agreed with the governor's view that the state will probably have to close a $ 4 billion deficit next year, due to lowered tax revenues and federal health care cuts.

He determined that only policies that considerably raise top federal income tax rates and that redistribute tax revenue to lower - income households are likely to bring large reductions in the total number of Americans that die annually.

Ironically, the federal dollars arrived before the recession - induced fiscal crunch hit local revenues from local property taxes, as it takes a year or two, sometimes longer, for depressed property to be assessed at its new, lower value.

The Internal Revenue Service doesn't allow you to deduct private school tuition to lower your federal tax liability.

Deferred Compensation 457 (named for Section 457 of the Internal Revenue Code) is a civil service retirement investment program deferring your federal income taxes until the funds from your investment are withdrawn, presumably when you're in a lower tax bracket.

Broadly speaking, when individuals or businesses set up corporate entities in low or no - tax foreign jurisdictions for the purposes of avoiding taxes in their home countries, it raises serious questions about how the federal government should address it, including expanding the responsibilities of the Canada Revenue Agency to tighten enforcement.

Revenue from the tax «would be used to cut the state's sales tax, and to create a Working Families Rebate, based on the federal Earned Income Tax Credit (EITC), to boost the incomes of low - income households.&raqtax «would be used to cut the state's sales tax, and to create a Working Families Rebate, based on the federal Earned Income Tax Credit (EITC), to boost the incomes of low - income households.&raqtax, and to create a Working Families Rebate, based on the federal Earned Income Tax Credit (EITC), to boost the incomes of low - income households.&raqTax Credit (EITC), to boost the incomes of low - income households.»

In contrast, the federal government of Canada has already pissed away $ 50 billion worth of tax revenue from the oil sands (mostly to lower the GST) while Alberta has saved next to nothing.

Suburban REALTORS Alliance Position The Alliance is opposed to increases in the current transfer tax for the following reasons: 1) As the transfer tax is levied only on buyers and sellers of property, the burden per taxpayer is greater than the burden from a more broad - based tax designed to generate the same amount of revenue; 2) Since public transportation is a benefit that is open to all members of society, the charge should not be placed solely on buyers and sellers of property; 3) The transfer tax adds additional burdens on first - time home buyers saving for a down - payment and covering the closing costs and runs contrary to existing federal, state, and local programs including the mortgage interest deduction, low interest property maintenance loans, and grants to first time homebuyers; 4) A real estate transfer tax is a state and local tax assessed on real property when ownership of the property is exchanged between parties.