Sentences with phrase «raise federal revenue»

Not exact matches

So, despite raising some revenue from mandate penalties, the federal government ends up paying more as premium support.

Republican presidential candidates Rick Perry and Michelle Bachmann have both suggested that Washington should instead turn to the nearly half of American households that pay no federal income tax to raise revenue.

Eliminating the state and local tax deduction would raise about one - quarter of the $ 4 trillion in revenues that some Republicans say they need to prevent tax cuts from creating a massive increase in the federal budget deficit.

debt obligations of the U.S. government that are issued at various intervals and with various maturities; revenue from these bonds is used to raise capital and / or refund outstanding debt; since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally considered to be free from credit risk and thus typically carry lower yields than other securities; the interest paid by Treasuries is exempt from state and local tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions

OTTAWA — The federal government stands to raise as much as $ 280 million in revenue off provincial carbon taxes in Alberta and B.C. in the next two years despite claims carbon taxes would be revenue neutral for Ottawa.

That change would have raised revenue to help Republicans offset the losses from the massive rate cuts, and some proponents of it argued that the state and local tax deduction (known as «SALT») amounted to a federal subsidy of high - tax states.

While the NDP has signalled that they will only raise the price of carbon once mandated to by the federal government, the platform is unclear as to whether the current revenue neutrality of the carbon tax will be maintained.

As explained below, two possible uses of school food revenue — subsidizing paid meals and providing competitive foods — raise concerns that low - income children may not be getting the full benefit of the federal reimbursements intended for those meals.

Since Illinois income tax forms are based on the federal forms, loophole closing measures at the federal level will raise state revenue by up to $ 100 million a year, the commission staff found.

(By way of reminder, «competitive» foods are those foods sold on school campuses outside of the scope of the federal meal program, such as «a la carte» foods sold in the cafeteria or vending machines by a district to raise revenues, as well as foods sold at sporting events, team and PTO / PTA fundraisers, etc..)

Reed noted, of course, raising taxes to make up for the lost revenue from the federal government is an option but he doesn't believe state lawmakers would do that to constituents already facing a heavy burden.

Proponents of raising taxes on New York's wealthiest say they have a new impetus to increase the state's revenue — the continued bad news from Washington about deep federal cuts to health care and other areas.

Gov. Andrew Cuomo unveiled a $ 168 billion spending plan that he said held echoes of the darkest days of the recession, necessitating a raft of ideas to raise revenue and counter a new federal tax plan that he warned could devastate some taxpayers.

To raise revenues, Cuomo proposed requiring extending sales tax collections on online sales, imposing a surcharge on certain health insurers who received a windfall from federal tax cuts, tapping hundreds of millions of dollars in proceeds from lawsuit settlements and raising taxes «e-cigarettes» and taxing opioids (2 cents per milligram prescribed to go to anti-addiction programs).

The governor says the new taxes, which would raise most of the money from the healthcare industry, are necessary to deal with an expected drop in federal aid and the loss of revenue under the new federal tax law.

Cuomo also floated the idea of raising revenue by taxing nonprofit health insurance corporations that are bought out by, or convert to, for - profit companies, and those who received a «windfall» from the federal tax plan, which went into effect earlier this month.

In our letter dated February 12, 2016 addressed to your good self we urged the Federal Government to explore alternative sources of raising revenue to fund the 2016 budget instead of increasing the nation's external debt of $ 64 billion.

«No rational analysis says that we can begin to reduce the size of the federal deficit without a combination of cutting spending and raising revenue,» added Bloomberg.

The bill, which is likely to become a flash point in the debate over the federal debt, would raise $ 40 billion worth in additional revenue, according to estimates by the Congressional Budget Office and the Joint Committee on Taxation.

A Cuomo administration budget official said the proposed payroll tax also could be used to raise more revenue by seizing some of the tax cuts promised to corporations and the wealthy under the federal tax law, as a way to shore up state finances.

Okanlawon, while congratulating the Federal Government for looking in the direction of Sukuk as an alternative revenue source for infrastructure provision, said Nigerians have reasons to give kudos to Aregbesola for his ability to identify and raise the awareness on Sukuk as an easier avenue of raising funds for live - changing projects.

He determined that only policies that considerably raise top federal income tax rates and that redistribute tax revenue to lower - income households are likely to bring large reductions in the total number of Americans that die annually.

Districts, of course, can also seek operating levies from local taxpayers to boost revenues beyond what the state affords them, while charters depend entirely on state and federal per - pupil allocations and whatever they can raise from philanthropy (see Figure 1 for current spending estimates).

Moreover, regardless of enrollment, school districts keep all locally raised revenue and most federal funds.

Under House Bill 471, federal and per - pupil state funding would be allocated to charter schools just as it would any other public schools, but locally - raised money, such as property tax revenue, would not.

With the federal deficit now estimated to come in at $ 18 billion (or more), there is nervous speculation that Finance Minister Bill Morneau may go beyond the specific tax changes already detailed in the Liberal pre-election platform and introduce new measures in his March 22 budget to raise much needed tax revenue.

Broadly speaking, when individuals or businesses set up corporate entities in low or no - tax foreign jurisdictions for the purposes of avoiding taxes in their home countries, it raises serious questions about how the federal government should address it, including expanding the responsibilities of the Canada Revenue Agency to tighten enforcement.

Instead of raising income taxes on high - income earners, the federal government could explore other progressive, but less economically damaging, ways of raising revenues, it said.

The agency recently made headlines when two teachers filed a lawsuit against it for allegedly converting their federal grants into loans to raise revenue.

As discussed last month, this is a bit of a too much of a good thing crash all around — tax cuts into a strong economy sending inflation and interest rates high enough to lead the Federal Reserve to (potentially) over react and raise rates too high, causing a recession and growing debt issues as the government refinances debt at higher rates, all while a tax cut reduces federal reFederal Reserve to (potentially) over react and raise rates too high, causing a recession and growing debt issues as the government refinances debt at higher rates, all while a tax cut reduces federal refederal revenues.

Faced with the challenge of raising revenues to pay for exploding federal government costs that neither party has any interest in reducing, the carbon tax is suddenly attracting the interest of the Left and Right.

The estate tax was never meant to exclusively raise revenue for federal expenses; rather, it was created to also prevent a few super wealthy families from simply inheriting every property or business in America ad infinitum.

We can also work with you to help develop revenue - raising initiatives in compliance with applicable state and federal laws.

In some cases, they are also raising revenues by sharing the tax base with federal and provincial governments through a regulatory framework for First Nation tax systems.

The Senate Budget Committee approved the bill on a party - line vote of 12 - 11 Tuesday, but only after Senator Bob Corker of Tennessee said he bargained for adding a controversial provision: a so - called revenue trigger that would impose tax increases if the tax bill's cuts raise the federal deficit.

Rising rents, qualitative easing (the printing of money), federal spending outpacing revenue, and a national debt equal to roughly 10 percent of Gross Domestic Product are all raising inflationary pressures.

This transactional activity raises state, local and federal tax revenue through transfer, sales and use taxes and increased property taxes.