Sentences with phrase «proposed federal cap»

«We need to put a price on carbon to accelerate these market trends,» Gore told the Chicago Tribune, referring to a proposed federal cap - and - trade system that would penalize companies that exceeded their carbon - emission limits.

Not exact matches

On more than one occasion, President Barack Obama has proposed capping the tax benefit, on the grounds that too much of the $ 30 billion or so a year in foregone federal taxes ends up in wealthy investors» pockets.

The governor proposes some ridiculous, unworkable, flawed schemes to convert federal taxes into state taxes, make school taxes into charitable contributions and otherwise get around the $ 10,000 cap on the SALT deduction.

Employers will also be given the option to shift to a payroll tax, a measure proposed by Gov. Andrew Cuomo as a workaround to the new federal cap on state and local tax deductions.

Cuomo last week proposed replacing the state's personal income tax with a payroll tax as a response to the federal tax law capping state and local tax deductions at $ 10,000.

Republican Rep. John Faso released a letter Wednesday sent to the tax policy office at the U.S. Department of Treasury that seeks to clarify whether Gov. Andrew Cuomo's proposed workarounds for a $ 10,000 cap on state and local tax deductions are legal under federal law.

Cuomo has proposed far more sweeping changes to the state's tax code that he says are needed to soften the blow of the new federal tax law, which will raise the federal taxes of many New Yorkers by capping a deduction for state and local taxes at $ 10,000.

Cuomo's proposed changes come after federal tax law capped state and local income tax deductions.

If the president or Congress wanted to cap a federal tax credit at $ 20 billion — the amount Trump proposed using to support school choice during his campaign — the Florida program also shows how such a cap could be implemented.

It probably won't be long before the Federal Reserve reaches a decision concerning a proposed cap on interchange fees.

The 2010 Budget proposes investing $ 150 billion over 10 years from cap - and - trade revenues in clean energy technologies because the Administration believes that a sustained commitment on that scale is needed not only to make the multi-year federal investments needed to bring new technologies to commercialization but also to send a signal to private companies that the federal government is investing for the long term.

A federal carbon cap has not been proposed since The American Clean Energy and Security Act of 2009, which passed the House but not the Senate.

Simpson, a former Republican senator from Wyoming, and Bowles, a White House chief of staff under President Clinton, proposed addressing the federal government's shortfall by — among other things — converting the mortgage interest deduction to a 12 percent nonrefundable tax credit, capping the mortgage amount at $ 500,000, and eliminating credits for second residences and home equity.

The warning, expressed during NAR's Federal Taxation Committee Wednesday, may come as a surprise to many members, because Camp hasn't directly proposed significant changes to the mortgage interest deduction itself, aside from halving the cap to $ 500,000.