George Osborne has suffered a humiliating blow after Tory MPs lined up to voice fears
over tax credit cuts.
The Chancellor has urged members of the House of Lords to express their concern
over his tax credit cuts in a «regret motion'this afternoon.
Jeremy Corbyn challenged David Cameron
over tax credit cuts and affordable housing as the two leaders clashed for the second time at Prime Minister's Questions.
John Major and Gordon Brown have simultaneously spoken out on inequality and poverty as George Osborne continues to come under pressure
over his tax credit cuts.
Corbyn challenged Cameron
over tax credit cuts and affordable housing as the two leaders clashed for the second time at PMQs.
Following the House of Lords» refusal to allow the government to enact secondary legislation during the row
over tax credits cuts last year, the government set up the Strathclyde Review, which suggested reforms which could alter the balance between the government and the two houses of parliament.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in
tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thin
tax law, such as the effect of The
Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thin
Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our
credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our
credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving
credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control
over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Meanwhile, nearly 90 percent of households in the top quintile (income
over about $ 105,000) got an average payroll
tax cut of about $ 2,250, compared with just 60 percent who would have gotten MWP
credits averaging about $ 650.
Second, the whole set of
tax cuts and
credits that have been enacted
over the last 10 years total up to $ 400 — 500B annually will expire on Dec. 31, so they will hit the economy like a ton of bricks if not extended.
While social service programs and education throughout the state get
cut, Illinois governor Bruce Rauner forks
over as much as $ 1.26 million in
tax credits to poach ConAgra from Omaha.
Lib Dems defiant ahead of Lords showdown
over tax credits Tax credit cuts «signalled before the election» - George Osborne Nicky Morgan hints at tax credits climbd
tax credits Tax credit cuts «signalled before the election» - George Osborne Nicky Morgan hints at tax credits climbd
Tax credit cuts «signalled before the election» - George Osborne Nicky Morgan hints at
tax credits climbd
tax credits climbdown
These claims have been undermined by unease
over George Osborne's doomed plan to save # 4.4 billion by
cutting tax credits handed to poorer workers.
The
tax -
cut proposal Cuomo is pushing heavily favors upstate
over the NYC metropolitan area — even with the last - minute add of a renters
tax credit.
There's been scandal - the suspension of MP Michelle Thomson
over allegations about property deals, the award of a # 150,000 government grant to the organisers of the profitable T in the Park music festival after a meeting brokered by a former SNP adviser - and there's been political ineptitude, most notably when the nationalists were put on the back foot by a Labour pledge to use Holyrood's powers to overturn
tax credit cuts.
«
Over the last few years we have seen countless public sector IT contracts fail, such as the delivery of
tax credits, and the level of services provided by departments reduced in the face of massive job
cuts,» said general secretary Mark Serwotka.
5) Corbyn claims a number of policy victories as his own, including the government's defeats
over tax credits and proposed disability
cuts.
As George Osborne faced a backlash last year
over his planned
tax credit cuts, Mercer urged the chancellor to find «something, anything that might mitigate the harshest effects of this policy on our most vulnerable».
When in power as part of the Tory - led coalition from 2010 - 15, the Lib Dems voted through a raft of benefit
cuts including the bedroom
tax,
cuts to council
tax benefit, housing benefit and
tax credits, as well as presiding
over a disability benefit testing system that wrongly denied benefits to thousands of people, and a job centre sanctions system that saw benefits docked for hundreds of thousands of jobseekers.
That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal
credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults
over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting
tax relief on pension contributions for people earning
over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income
tax is being reduced, which will result in those earning
over a million pounds per year receiving an average
tax cut of
over # 100,000 a year.
The most popular was ending
tax credits for those earning
over # 50,000 a year, which was supported by 68 % — not a hugely surprising finding,
taxes (or
cuts) that only affect people richer than the respondent are eternally popular.
The Chancellor has also been forced into embarrassing U-turns
over a planned # 1.3 billion
cut to disability benefits this year and # 4.4 billion of
tax credit reductions in last year's Autumn Statement.
Labour and Liberal Democrats divide evenly
over support for low - paid people, while those Tories who take sides divide by two - to - one in favour of
cutting taxes and paying less in income support,
tax credits and housing benefit.
«Our party has always been a broad church, and despite my principled differences with Jeremy
over many issues of defence, foreign policy and national security, I agreed to serve on his front bench because of the mandate he was given, his assurances that honesty and difference were welcomed, and due to the many areas we agreed wholeheartedly on such as fighting the vicious Tory trade union bill - which I was proud to lead our work on -
cuts to
tax credits and tackling climate change.
The Conservative plan is to squeeze the middle class hard,
cutting child
tax credits for families on total household incomes
over # 31,000, and scraping child trust funds for all but the poorest families.
Public anger
over cuts to
tax credits, disability benefits, and changes to national insurance contributions for self - employed workers have driven the most significant government welfare policy U-turns in recent years.
Also his petition against
tax credit cuts is
over 18,000 already http://jeremyforlabour.takeaction.org.uk/petition/childtaxcredits
He also said the United States should provide emissions
credits and
tax cuts to industries that reduce emissions early, make binding pledges to reduce its own greenhouse gas emissions early in the next century, and give a $ 5 billion boost
over the next 5 years to research and development aimed at using energy more efficiently.
It could also reduce the federal budget by $ 337 billion
over 10 years, thanks to
cuts to Medicaid and Obamacare
tax credits.
Homeowners will obviously save cash
over time by
cutting energy costs, but they'll get some immediate payback too: the product qualifies for a 30 % federal
tax credit, up to $ 1,500.
(PhysOrg.com)-- Solar power manufacturers in the US are
cutting prices to shift their stock, the government is chipping in with
tax credits, and innovative leasing or financing arrangements spreading payments
over up to...
Over its first five years, British Columbia's carbon
tax has served as a great example of a way to reduce greenhouse gas emissions by
cutting up the climate
credit card.