Sentences with phrase «of federal revenues»

This isn't a big deal today, where only a tiny portion of federal revenues come from customs duties, but it was a big deal prior to the U.S. Civil War.

As was discussed here last Friday, President Obama has proposed using a tiny portion of federal revenues from offshore oil and gas production to build an «Energy Security Trust» to pay for the kinds of tough or longer - term energy research projects that the private sector tends to neglect.

At my assumed coupon of 2 %, that would wall off 10 % of GDP in perpetuity, or half of Federal revenues to pay for the sins of the past.

Assume that the 1 % initial coupon holds — we have now walled off 0.75 % of GDP as a permanent expense in the Federal budget — keeping the numbers simple, that would be 3.75 % of all Federal revenues in perpetuity.

The share of federal revenues varies the least.

In addition, the loss of federal revenues associated with an expansion also means these health centers will not be able to expand into areas that lack access to health care, the report says.

And the budget doesn't make allowances for the loss of federal revenues if the Affordable Care Act is repealed, he noted.

From 1990 to 2005, he was Director Fiscal Policy Division Department of Finance, responsible for overall preparation of the federal budget; preparation and assessment of medium - and long - term projections of federal revenues and expenses and implications for fiscal policy; analysis of fiscal conditions at both the federal and provincial levels; evaluation of various budget proposals; preparation of monthly Fiscal Monitor; with the Office of the Comptroller General (OCG), assessing and evaluating accounting standards proposed by the Public Sector Accounting Board (PSAB) of the CICA and recommending changes in government accounting policies; with the OCG, responsible for implementation of accrual accounting for the federal budget and the government's financial statements.

In addition, it is the Department of Finance that allocates nominal GDP into its various components and it is these components that are used in the forecasting of federal revenues.

Today, the U.S devotes 8.1 % of federal revenues to debt service, a level exceeded only by Italy among major OECD nations.

At that point, interest payments would absorb more than $ 1 in $ 5 of federal revenue, crippling the government's capacity to bolster the economy, and constraining the private sector too.

Between 1980 and 2012, the share of federal revenue derived from corporate tax revenue fell to 13.6 % from 15.2 %.

«They were the greatest (approaching 95 % at times) source of federal revenue until the Federal income tax began after 1913.»

By 1946, direct taxes accounted for more than 56 per cent of federal revenue.

This amendment authorizes actions to address the loss of federal revenue as a result of modifications to the current Medicaid financing system for developmental disability services.

There is also a need for corresponding review of the Federal Revenue Allocation formula to empower the states to fulfill their obligations.»

Thus, the use of carryover funds masks an actual decline in the amount of federal revenue CPS is receiving.

Esty and Porter make the additional argument that voters would be much more apt to accept their proposal as a source of federal revenue than a rise in the income tax or the like.

At the behest of two congressmen, the Government Accountability Office has begun an analysis of federal revenue lost when natural gas produced on federal lands either escapes to the atmosphere or is burned in flares.

Each of these tax types was momentous because they led to a new base of federal revenue that applied to all sectors of the population.

Indeed, those who consider the estate tax to be one of the most inefficient sources of federal revenue credit even more that latter effect: to encourage entrepreurship and give the little guy a chance for a legacy of his own.

The report points out that the IRS functions as the «accounts receivable» department of the federal government, as it collects more than 90 percent of all federal revenue and therefore provides the funds that make almost all other federal spending possible.

Not exact matches

The Federal Aviation Administration and Space Florida, the state agency tasked with promoting interstellar tourism, predict suborbital flights alone could generate up to $ 1.6 billion in revenue during their first 10 years of operation.

By paying workers as independent contractors when they should be paid as employees, federal, state and local governments potentially miss out on tax revenue they would otherwise collect; this tax gap was the focus of a special report to Congress in 2011 and continues to be an area of focus today.

Canada is almost certainly in a recession, which will take billions out of federal coffers due to declining tax revenues.

But the federal government would only invest a maximum of 20 % in these projects, leaving it to the states to find other sources of revenue, like imposing higher tolls on roads.

The price dive could put pressure on the federal government to the tune of $ 2.5 billion annually for the next four years, according to a fall economic update from Ottawa, and oil - producing provinces such as Alberta, Saskatchewan and Newfoundland are staring down revenue and royalty losses worth billions.

Even without a penny of federal money, which is only now sluicing through the pipeline, the company has increased revenue 50 percent over last year.

The government expects the anti-smoke move will increase federal tax revenues by $ 685 million in 2014 - 15 — a major piece of the puzzle in Tory efforts to balance the books over the next two years.

WASHINGTON, Oct 9 - A top Senate Democrat on Tuesday said new tax revenues should go to reducing the federal deficit, not cutting tax rates, dismissing as «obsolete» a Reagan - era model of tax reform.

It would also sap provincial and federal governments of needed tax and royalty revenue, hurting their balance sheets.

And all of them argue that the proposed tax cuts, estimated to reduce federal revenue by more than $ 1.4 trillion, won't increase federal deficits, an assertion that's been contradicted by Congress's official tax scorekeeper.

In 2013, oil and gas accounted for 68 % of Russia's total exports, while duties on those exports, combined with taxes on mining, accounted for 50 % of the federal government's revenue.

The SBA has estimated that the sequester will result in $ 4 billion less revenue for small - business contractors as a result of reduced federal spending.

According to a recent report by research firm IBIS World, President Obama's policy goals are expected to be key drivers of potential revenue growth, innovation and available federal subsidies in a handful of industries.

«Canada's media and cultural industries are being severely damaged by the tax loopholes that benefit foreign digital companies and platforms at the expense of Canadian producers and workers and that cost the federal government at least $ 1 billion in revenues,» the union wrote in a statement on its website.

The University of Pennsylvania's Wharton School model found that the current iteration of the Senate's tax bill, called the Tax Cuts and Jobs Act, would decrease federal revenue and add to the national debt outside of a 10 - year window.

Currently, certain kinds of small businesses are exempt from paying employees the federal minimum wage, such as businesses with annual revenues less than $ 500,000, companies that transact within a single state, seasonal businesses, or companies that rely on contract workers.

The Canadian government collects roughly $ 4 billion a year in tariff revenue, but only a handful of products such as cars, clothing and shoes generate a significant amount of money for the federal government.

The Federal Aviation Administration (FAA) sees the number of global revenue passenger miles rising from 877 billion in 2015 to 1.02 trillion in 2024.

Tax revenue in the order of $ 80 billion over that period, of which only $ 6.7 billion would accrue to B.C. versus $ 36 billion to the federal government and $ 32 billion to the province of Alberta.

About half of the company's $ 2.7 million in revenue comes from the federal government, with law, marketing research, and life sciences firms responsible for the rest.

Policymakers have bemoaned that companies make money in foreign companies but avoid having to pay federal tax on that income, which robs the U.S. Treasury of revenue.

Republican presidential candidates Rick Perry and Michelle Bachmann have both suggested that Washington should instead turn to the nearly half of American households that pay no federal income tax to raise revenue.

The federal government will keep up to $ 100 million on the new taxes as part of a cost sharing split that will see three - quarters of cannabis tax revenue flow to provinces and territories.

The province also has the lowest per - capita revenues, at $ 8,369, partly due to relatively low levels of transfers from the federal government.

Two weeks after Redford's remarks, federal Finance Minister Jim Flaherty told reporters lower government revenues follow from lower commodity prices like «night follows the day,» meaning a hard line of spending as he approaches his own coming budget.

backpage.com and affiliated websites have been seized as part of an enforcement action by the Federal Bureau of Investigation, the U.S. Postal Inspection Service, and the Internal Revenue Service Criminal Investigation Division, with analytical assistance from the Joint Regional Intelligence Center.

Another early obstacle is the projected fiscal impact of the plan, which would slash U.S. revenues and expand the federal deficit and the national debt, which now exceeds $ 20 trillion.

Eliminating the state and local tax deduction would raise about one - quarter of the $ 4 trillion in revenues that some Republicans say they need to prevent tax cuts from creating a massive increase in the federal budget deficit.