Sentences with phrase «plan big tax cuts»

Both are Republicans from outside the party establishment, both plan big tax cuts and changes in economic policy.

But Trump said he told Cook that he was planning a big tax cut and the elimination of many regulations that raise costs for companies operating in the United States.

Not exact matches

He said a fourth tax bracket would be added to the plan «so that high income earners do not see a big rate cut, and that those resources go to the middle class.»

Trump has promised to release the outlines of his tax plan Wednesday and has said the plan would give Americans a tax cut bigger than «any tax cut ever.»

Of course they're excited: The plan offers big tax cuts on business profits.

All told, though, the plan is, like its House counterpart, a proposal to dramatically slash corporate tax rates, open up a big new loophole for wealthy individuals, and pay for the cuts by dramatically expanding the national debt and ending a number of tax deductions that could leave a substantial share of middle - and upper - middle - class people paying more.

White House Economic Council Director Gary Cohn and Treasury Secretary Steve Mnuchin on Wednesday laid out the administration's skeleton plan for tax cuts that was big on promises, but remarkably sparse on details, as President Donald Trump sprints to the Saturday finish line marking his first 100 days in office.

He said the dollar faces a further slide if any Fed tightening is offset by a wider US deficit on the back of Donald Trump's big spending plans and tax cuts.

WASHINGTON (Reuters)- President Donald Trump proposed on Wednesday the biggest U.S. tax overhaul in three decades, calling for tax cuts for most Americans, but prompting criticism that the plan favors business and the rich and could add trillions of dollars to the deficit.

Ten of Australia's biggest companies have promised to «invest more in Australia» if the Turnbull government's plans to cut the company tax rate are passed by the Senate.

Governor Cuomo even took his case to the state's big business leaders.Cuomo offered to sweeten the plan with tax cuts for businesses.

Today was Hillary Clinton's turn, where she argued that her plan would boost the middle class while Trump's plan «would give trillions in tax cuts to big corporations, millionaires, and Wall Street money managers.»

The Democratic - led Assembly wants to raise taxes on millionaires while cutting them for other tax payers; the Republican - controlled Senate is pushing a much bigger middle class tax plan.

In its financial plan narratives, the DOB suggested high - income earners were delaying some profit - taking and bonus - claiming (including the exercise of stock options) in anticipation of the new Trump administration's plans for a big federal tax cut, effective as soon as 2019.

«Congress can pass a balanced plan that reduces the deficit with smart spending cuts, ends tax breaks for millionaires and closes wasteful tax loopholes for Big Oil companies that are already making record profits,» a woman's voice says in the call.

The governor also warned of big tax hikes and / or service cuts if the House health care plan is enacted.

Corbyn's biggest victory by far came this week, however, when Labour forced the government to retreat on their planned cuts to tax credits.

That could affect big - ticket programs like school aid and health care as well as a multi-year tax cut planned by Gov. Andrew Cuomo and legislators.

The Chancellor must instead use the Budget next month to set out far - reaching, ambitious plans for Britain, with tax cutting, house building and big infrastructure at its heart.

That could affect big - ticket programs like school aid and health care as well as a multi-year tax cut planned by Governor Andrew Cuomo and legislators.

The biggest piece of the GOP's budget - cutting plan would involve a $ 94.6 million municipal revenue sharing account, which is set to be funded by a half a percent allocation of the sales tax.

Paladino has big plans for the Empire State and promised that, if elected, he would cut state spending by 20 percent and personal income tax by 10 percent, according to The Wall Street Journal.

The Tory tax cut plan does not need to be as big as Labour's (although there is no reason why it couldn't be larger if we adopted a sufficiently hawkish approach to spending) but it's vital that - in addition to existing pledges on a council tax freeze and VAT holiday - we join Barack Obama, John McCain, Nick Clegg and Gordon Brown in offering our own tax relief plan.

Trump cited his tax plan, which he called «the biggest tax cut since Ronald Reagan,» as the primary bringer of American jobs.

The congressional Republicans» tax plan — with its call for the elimination of some or all federal income deductions that Californians have taken for state and local income taxes, sales and real estate taxes — accompanied by big cuts to health care spending, could affect the state's economy and budget.

In fact, the elimination of that deduction appears to be an essential element in the plan, because it would help defray the gushing revenue losses elsewhere in what President Trump has described as his administration's «giant, beautiful, massive, the biggest ever in our country, tax cut.»