Not exact matches
The unrelenting uproar over the
federal government's
proposed small - business
tax reforms has gotten so complicated that it might be helpful to try setting aside some of the less worrisome parts before diving into what matters.
As part of this
reform effort, Ottawa originally
proposed a national value - added
tax that would merge the new
federal sales
tax and the provincial retail sales
taxes.
Despite anticipated Democratic resistance to any
proposed legislation, there is strong bipartisan agreement on the need to
reform the antiquated and complex
Federal tax code.
Dairy cows at a family farm in Chilliwack, B.C. Sylvain Charlebois, a noted academic on food policy issues, says the
federal government's
proposed tax reforms will hurt family farms.
De Blasio said he's not worried yet about Trump's plan to eliminate state and local
tax exemptions on
federal filing, referring to the the
proposed national
reform package as a «pipe dream.»
In addition to
federal funding being at risk, the
tax reform plan
proposed by Trump and the GOP, which will eliminate a popular state and local
tax deduction on which high -
tax states such as New York, New Jersey, California and Virginia depend.
The
proposed tax reform — a different version of which is making its way through the Senate — would deeply cut corporate
taxes, double the standard deduction used by most Americans, and limit or repeal completely the
federal deduction for state and local property, income and sales
taxes.
Jacobs noted a similar issue with the recent
federal tax reform, in which it
proposed eliminating historic
tax credits altogether.