Sentences with phrase «middle class tax breaks»

Schumer is right to caution th at middle class tax breaks ma y be in jeopardy, said Clint Stretch, a former congressional staffer on budget issues a nd former top tax lobbyist.

He called the 401 (k) tax benefit a «great and popular middle class tax break that works.»

Silver panned the idea, saying the state enacted a middle class tax break last year and does not have the money for any more right now.

Not exact matches

If applied today, revenue neutrality would inevitably hurt the middle - class by forcing curtailment of tax breaks, he said.

The law provides steep tax cuts for corporations, with more modest breaks for most Americans — though some in the middle class from high - taxed states will pay more — and has suffered in the polls.

The House bill slashes tax rates for large corporations, small businesses, and wealthy Americans, while sharply reducing or eliminating tax breaks that benefit many middle - class Americans such as deductions for state and local taxes, college tuition and home mortgage interest.

In party - line votes on Tuesday, Brady's tax committee voted down eight Democratic amendments that would have preserved or expanded tax breaks for the middle class, nullified the tax legislation if it increased the deficit in future years and maintained taxes on foreign profits of U.S. corporations.

The GOP has spent months touting a tax break that for many could amount to about $ 100 as possibly life - changing for the working and middle class.

We will give middle class Canadians a tax break, by making taxes more fair.

Families who may think they are middle class but don't pay tax will find that they have not benefited from these tax breaks because these tax credits are not tax refundable.

Fresh - faced City Council Speaker Corey Johnson wants middle - class homeowners in the city to get a tax break.

But what was outrageous about this governor's stance on the economy is that when he came into the State House, he said everyone has to make sacrifices yet, he gave the wealthy large tax breaks while leaving the middle class and the poor with the task of carrying the load.

He favors the rich, gives them tax breaks while giving the middle finger to the middle - class and says he is a born - again Christian.

I also think he wouldn't approve of the stinginess of republicans and the way the rich get tax breaks off of the backs of the poor and middle class.

NYS Director Mike Durant released the following statement this afternoon urging Gov. Andrew Cuomo and the Legislature not to overlook what got us into this high - tax mess as they mull rejiggering the tax code to provide breaks for the middle class and higher (than pre-millionaire's tax levels) rates for the rich.

«This is clearly a smokescreen to mask Senate Republican support for giving a tax break to millionaires — half of which don't even live in New York — at the expense of the middle class.»

Hey Carl, I hate to break it to you but last year's middle class tax cut is in no way shape or form tied to extending the Millionaire's Ttax cut is in no way shape or form tied to extending the Millionaire's TaxTax.

Despite being described by Democratic leaders as an «economic missile,» the federal tax cuts are doing precisely what congress predicted they would do: giving middle class people, like our $ 79,500 earning state lawmakers, a financial break.

The higher rates would be packaged with tax breaks, possibly targeted at the middle class.

Within his first hour after being sworn into office, Bill Owens broke four campaign promises when he decided to support a government takeover of healthcare that included massive tax hikes for middle class families, taxes on benefits, drastic cuts to Medicare, and a government - run option that would result in rationed care.»

Take it from the middle class to get those tax breaks.»

That angers Ron Deutsch, of Fiscal Policy Institute, a union backed think tank that backs Gov. Andrew Cuomo's plan to give a property tax break for middle and working class homeowners who pay too much of their income on taxes.

The tax breaks, targeted for businesses and the middle class, include a phase out of a surcharge on utilities, and the distribution of $ 350 dollar checks, starting next year to every family with children up to the age of 18.

Tax experts said the only similar recent tax break that came to mind was in 2014 when New York Gov. Andrew Cuomo, a Democrat, passed a more targeted, three - year middle - class family cut ahead of his re-election bid, according to Meg Wiehe, a tax expert at the Institute on Taxation and Economic PoliTax experts said the only similar recent tax break that came to mind was in 2014 when New York Gov. Andrew Cuomo, a Democrat, passed a more targeted, three - year middle - class family cut ahead of his re-election bid, according to Meg Wiehe, a tax expert at the Institute on Taxation and Economic Politax break that came to mind was in 2014 when New York Gov. Andrew Cuomo, a Democrat, passed a more targeted, three - year middle - class family cut ahead of his re-election bid, according to Meg Wiehe, a tax expert at the Institute on Taxation and Economic Politax expert at the Institute on Taxation and Economic Policy.

«These are merely the first steps we're prepared to take in order to shine a light on this shameful Trumpcare bill and reveal to the public the GOP's true intentions: to give the uber - wealthy a tax break while making middle class Americans pay more for less health care coverage.

The Republican tax reform proposal is focused on tax breaks for the middle class «and not about people who are really high - income earners getting a tax break.»

«State and local deductions are bedrock middle - class deductions that help steady the cost of many middle - class families living in New York and should not be eliminated or even reduced so people making millions of dollars a year can catch a tax break of their own,» Schumer said.

He won't compromise on a solution for the middle class because he is protecting tax breaks for the well - off and well - connected.

Trickle - Down Economics argues that giving tax breaks to the rich will improve the lives of the middle class.

That angers Ron Deutsch, of Fiscal Policy Institute, a union backed think tank that backs Governor Cuomo's plan to give a property tax break for middle and working class homeowners who pay too much of their income on taxes.

Under the Republican tax reform framework, 80 percent of the tax breaks would go to the wealthy while raising taxes on the middle class and deflating home values.

«The Senate Republicans» «new tax» is an extension of the millionaires tax and they're saying they would rather give a tax break to millionaires than a tax cut to the middle class and more money to our schools,» he said.

While some folks work tirelessly to protect tax breaks for billionaires and corporate special interests, Sean has been working to grow small businesses and fight for middle class families.»

said before the vote that the Republican bill «is pillaging the middle class to pad the pockets of the wealthiest and hand tax breaks to corporations shipping jobs out of America and drastically increasing the national debt.»

Democratic state Executive Director Jim Rogers claimed, «Fischer wishes to hide that she signed the Grover Norquist (no tax increase) pledge to protect the tax breaks of her billionaire benefactors like Joe Ricketts and the Koch brothers and she stands against the middle class and favors tax cuts for the ultra-wealthy.»

No. 2, interestingly, is the middle - class tax cut achieved through the extraordinary session tax code reform deal passed earlier this month — a move that also resulted in a higher than pre-millionaire's tax rate for the state's wealthiest residents, causing some on the right to accuse the governor of breaking his no - new - taxes pledge.

This ad is half a hit on Gibson, slamming him on some traditional Democratic themes — Medicare, Social Security and tax breaks for companies that outsource jobs — and half a pitch for Schreibman, described as someone who will «fight for the middle class.»

«The Senate Republicans» «new tax» is an extension of the millionaires tax and they're saying they would rather give a tax break to millionaires than a tax cut to the middle class and increase education funding,» Azzopardi said.

The Erie County Industrial Development Agency gave preliminary approval to a new county - wide policy that would place additional restrictions on tax breaks for senior housing projects, especially those that would build market - rate apartments aimed at middle - and upper - class seniors.

Senate Republicans say continuing the extra tax on the rich is justified because it pays for the other tax breaks for small businesses and the middle class.

«The Trump budget takes a sledgehammer to the middle class and the working poor, lavishes tax breaks on the wealthy and imagines all of the deficit problems away with fantasy math,» Senate Minority Leader Charles Schumer (D) said.

Renews for five years the 421a tax break to promote both middle - class and «affordable housing» construction in the city.

Dismayed by their declining dominance, the city's construction unions have sought to require any projects with government tax breaks or other subsidies be built by companies paying «middle class,» or union wages.

«The Senate Republicans» «new tax» is an extension of the millionaire's tax and they're saying they would rather give a tax break to millionaires than a tax cut to the middle class and increase education funding,» he said.

The Wall Street Journal reported on Wednesday that he was considering a proposal that would alter the state's personal income tax brackets to raise additional revenue from the highest - earning New Yorkers while also providing new tax breaks, possibly aimed at the middle class.

Fresh - faced City Council Speaker Corey Johnson wants middle - class homeowners in the city to get a tax break.

The tax package also includes tax breaks for the vast middle class, and taxing rich people is a widely popular idea.

Some are related, like new tax breaks for the middle class, including an increase in the child tax credit, and the extension of middle class tax reductions and a tax increase on millionaires.

I supported tax breaks for small businesses and middle class Americans.

As governor, I will look at ways we can provide this important tax break to middle class families.