Sentences with phrase «overall federal tax revenues»

However, the Liberal platform also envisaged temporary deficits to finance higher spending on social programs such as child benefits, a higher Guaranteed Income Supplement for single seniors, public health care, child care and First Nations programs, and did not increase overall federal tax revenues.

Not exact matches

It should go without saying that these tax cuts will reduce overall federal revenue.

In the absence of a federal estate tax, some states may decide it's not worth hiring administrators to enforce a tax that typically brings in less than 1 % of their overall revenue.

Note that since the income tax is one of the most progressive taxes in the federal system, an across - the - board income tax cut that increases every tax filer's after - tax income by the same percentage would tend to make the overall tax system less progressive, because it would collect proportionally less revenue from one of the most progressive sources.

Overall, it doesn't look like the federal government is necessarily looking for a lot more tax revenue this year.

Overall, the CBO estimated in 2012 that the shift to pass - throughs had resulted in a $ 76 billion loss in annual federal tax revenue as of 2007, or about 5 percent of that year's total corporate and individual income tax haul, while Treasury put the loss at $ 100 billion, or 7.9 percent, in 2011.