Sentences with phrase «of deep tax cuts»

And Trump's policies to date — a combination of deep tax cuts and sharp spending increases — are shortening the fuse on that fiscal time bomb, by dramatically widening the already unsustainable gap between revenues and outlays.

Not exact matches

As part of that bigger deal, he said, Republicans would be open to additional revenue, so long as it was paired with deep spending cuts and didn't come from higher tax rates.

In addition, the International Monetary Fund (IMF), in its Global Financial Stability Report, warned that a «wholesale dilution or backtracking» of existing regulations in the U.S., coupled with deep tax cuts, could lead to dangerously high financial risk - taking such as we saw pre-2008.

If you recall, small - caps skyrocketed in the days immediately following the 2016 presidential election as investors anticipated the implementation of «America first» policies — deep corporate tax cuts, deregulation, tariffs on imported goods — that would greatly favor inward - facing companies.

The final legislation released by Republicans on Friday follows the broad strokes of the previous House and Senate bills, providing deep and longstanding tax cuts for businesses, including a corporate tax rate of 21 percent, down from the current 35 percent.

«While George Osborne's deep cuts and tax rises have now started to kick in these disappointing figures show the Government actually borrowed more in the first two months of this year than the first two months of last year.

Big firms are able to afford expensive advisors, consultants and lawyers, while HMRC has few staff members with deep knowledge of tax affairs and stands to lose employees and funding as spending cuts bite in the new year.

Proponents of raising taxes on New York's wealthiest say they have a new impetus to increase the state's revenue — the continued bad news from Washington about deep federal cuts to health care and other areas.

Despite the deep federal cuts that could be coming in the next couple of years, the governor is not yet ready to sign on to a plan by Assembly Democrats to expand an existing tax on millionaires to add three higher tax brackets.

[108] There is evidence of this commitment to cutting the state in his party's manifesto, with Osborne and the Conservatives seeking to cut the deficit «faster and deeper» than any other main party as well as committing to various tax cuts such as inheritance tax and national insurance.

In his first Budget Geoffrey Howe raised VAT and cut income tax, and during the deep recession of 1981 he cut government expenditure.

ALBANY, NY (03/02/2011)(readMedia)-- Sixteen New Yorkers were arrested today in the first major act of civil disobedience since Governor Cuomo took office during a protest of his corporate - backed agenda of tax cuts for millionaires and deep spending cuts to healthcare, education and social services.

That this House expresses deep concern at the impact of the UK Government's policies on Wales; notes the UK Government's real - terms reduction of the Welsh Budget by # 1.5 bn; notes that Wales currently suffers from the lowest average rates of pay in Britain and has the highest proportion of individuals affected by cuts to social security including the Bedroom Tax; further notes that Wales suffers the highest energy bills in the UK and that these, along with low pay, have compounded the cost of living crisis in Wales; and calls on the Government to immediately scrap the Bedroom Tax, freeze energy bills and undertake measures to increase pay rates in Wales.

We will force Governor Cuomo to defend his record of deep education cuts, his tax cuts for banks and billionaires, his refusal to ban fracking and his failure to lead on the Dream Act.

Sampson seemed to be pitching Cuomo on reconsidering his opposition to extending the so - called «millionaire's tax,» which is set to sunset at the end of the year, to reduce some of his deep cuts to Medicaid and education aid.

Responding, David Cameron accused the chancellor of cynically announcing the tax cut to escape a «deep hole», remarking it was the move of a chancellor heading towards a general election, not a party leadership contest.

The letter takes issue with Cuomo's deep health care and education spending cuts while giving wealthy New Yorkers a «massive tax break» by allowing the temporary three - year PIT increase to expire on schedule at the end of this year.

«It is astonishing that at a time when millions of families and pensioners are being hit hard by deep spending cuts and tax rises, the first priority of David Cameron's restless Tory backbenchers is unfair tax cuts only for a few,» Labour Treasury spokesman David Hanson said.

When Trump adds his distinctive signature to the tax bill, he will also be making a huge bet that the Republican strategy of deep cuts for businesses and wealthy individuals will fuel extraordinary growth across the board.

Secondary concerns include the town's response to the recent flood disasters, and deeper ideological struggles over taxes, budget cuts, and the size of government.

Rep. Josh Elliott, one of the chamber's most liberal Democrats, told The Courant that he is still undecided because the House Democratic budget has deep spending cuts and no income tax increases on the state's wealthiest citizens.

Vince Cable, so admirable and exemplary on the banks, nevertheless remains a deficit hawk, committed to tax cuts which could imply an even deeper slashing of public services.

Higher council tax bands have always been the likely way of appeasing the Lib Dem demand for higher taxes on the wealthy as their price for accepting deeper cuts in welfare.

Hundreds protested Cuomo's cuts, some were arrested, an intensity of unrest unseen in Albany since Republican Gov. George Pataki made deep budget cuts in hard times in the 1990s, after a campaign that called for an end to tax - and - spend Mario Cuomo.

Despite the minimal uptick in rates, the fiscally conservative budget maintains deep cuts in county tax rates achieved over the course of the past decade, with taxes still sharply lower than the $ 8.78 per $ 1,000 rate reached in 2004.

Across the aisle, Assemblyman Billy Jones (D - Chateaugay), who took office earlier this month, said he liked the middle class tax cut and increased education aid, and also hailed the governor's proposals to build on fighting the opiate epidemic, including the creation of drug recovery «high schools» and crisis treatment centers alongside deeper insurance reforms.

To isolate the effect of the recessionary spending cuts from that of the general ill - effects of the recession, Cora Wigger, Heyu Xiong and I rely on the fact that states that relied heavily on state taxes to fund public schools experienced the deepest education revenue cuts during the recession, on average.

Sequestration — deep, across - the - board cuts to nearly all federal spending — is a major component of the triple - threat fiscal cliff, which also includes the expiration of both the Bush - era tax cuts and the temporary payroll tax holiday.

This year, three school districts that have all taken deep cuts in their revenues because of property tax caps added to the state's constitution in 2010 — Franklin Township, Mt. Vernon Community Schools and MSD Wayne Township — petitioned the board this year.

But while the people reel from the impact of the major tax increases and deep spending cuts to vital services that are part of the new budget, there is one group that is overjoyed with the state budget that is receiving so much criticism from across the political spectrum.

While Boulder Valley's budget is in good shape thanks to an annual $ 22.5 million tax increase approved by voters in November, many other districts are facing deep budget cuts because of decreases in state funding.

«The tax on books and the closure of libraries is an attack on writers, bookstore owners, publishers, and students (who are being hit by this budget six ways to Sunday, through school closures, deep cuts to the university, threats to the tuition freeze, the loss of grants, job losses in the community colleges, and a hike in the price of already - expensive textbooks).

Hope that a deep corporate tax cut might come to fruition helped U.S. small - cap stocks make up almost all of the year - to - date underperformance of their large - cap counterparts in just six weeks» time.

A robust carbon cap or tax should put the economy on a trajectory toward the science - based deep cuts in emissions required to limit some of the worst impacts of climate change.

The Dollar recovered some of its deep losses in recent weeks, but the GOP's struggle with the tax reform, and especially the likely delay of the corporate tax cut weighed on the currency this week.

In the end, Ryan oversaw compromises that trimmed some personal deductions and settled for temporary individual tax relief to help cover the cost of the deep corporate tax cut.

(Bloomberg)-- Senate Republicans passed the most extensive rewrite of the U.S. tax code in more than 30 years, a bill that delivers a deep, permanent tax cut for corporations and shorter - term relief for individuals.