Sentences with phrase «net tax increase»

Treasury sources said the budget in March led to net tax increases for the rich.

Conclusion: Savings are mainly due to CCB, which outweighs loss of UCCB and net tax increase from loss of Family Tax Cut (but not to as great a degree when incomes are not equally split — as shown in scenario 2).

An analysis by the Institute on Taxation and Economic Policy found New York taxpayers would be the nation's second biggest loser under the plan, with a net tax increase of $ 4 billion.

A lot of theory has it that conservatives will support a «no - net tax increase» version of placing a tax on carbon.

In a letter to Mr. Coburn, a deputy of Mr. Norquist writes: «Repealing the ethanol credit is the right thing to do, but other taxes must be reduced in the same legislation by at least this much to prevent a net tax increase.»