«We've done that several years ago and by the way the same time
we raised the taxes on the high earners, we lowered it for middle income earners.»
He has promised to expand pre-kindergarten and after - school programs by
raising taxes on high earners.
De Blasio, and some his Democratic supporters in the State Senate, maintain the city should have the autonomy to
raise taxes on its highest earners, as part of the mayor's broader plan to fund universal pre-K, and that the city should also have the authority to raise the minimum wage for city workers.
McDonald again took the opportunity to slam some Democratic candidates» call to
raise taxes on high earners, touting his experience in helping the homeless in New York City by leading them to find work.
Not exact matches
Possible reforms could include
raising the full retirement age for Social Security to 70 for workers who are currently under age 40; cutting benefits; increasing payroll
taxes on workers; increasing Medicare premiums; and making Social Security benefits more progressive — meaning cutting benefits for
high - income workers, while preserving payouts for low - income
earners.
The plan would
raise the effective
tax rates
on higher earners who don't have minor children, but the top marginal income
tax rate would go down to thirty - five percent from today's 39.
That
tax plan does
raise income
taxes on some classes of
high earners.
Last year, Cuomo resisted de Blasio's push to allow New York City to
raise taxes on high - income
earners in order to fund a city - wide pre-Kindergarten program (In the end, Cuomo funded a statewide version without a surcharge).
As for
raising marginal
tax rates
on high earners any further it won't work.
The emphasis
on taxes was conspicuously out of sync with some of the very people whose support Cuomo went out of his way to tout, including de Blasio, who was elected last year
on a promise to
raise taxes on the city's
highest earners.
Many legislative Democrats, seeking to block Gov. Cuomo's efforts to cut spending to close a projected $ 10 billion deficit, have hoped the «millionaires
tax»
on high earners, which expires Dec. 31, would be renewed to
raise more than $ 1 billion in the new fiscal year.
Senate Republicans bowed to the idea as a revenue -
raising move, though they beat back an attempt by Assembly Democrats to boost the
tax rates even
higher on high - income
earners.
But he wants a guarantee that revenue would fund public transportation, and he said
higher income
taxes on wealthy
earners might be a better way to
raise the money.
The mayor's top priority is convincing state legislators to allow the city to
raise taxes on high - income
earners, to pay for expanded pre-K and after - school programs.
Like Meng, he favors
raising the cap
on taxes for
high earners.
She does not support
raising the cap
on Social Security
taxes for
high earners, calling it «a
tax on the middle class» and «a bad plan.»
Instead, he said he favors
higher taxes on high earners as a way to
raise money for upgrades and repairs.
Like Pelletier, Farrell favors
raising taxes on the state's
highest earners.
And with the state facing a potential $ 4.4 billion budget deficit, the Assembly seeks to
raise revenue by hiking
taxes on those making at least $ 5 million by adding three new
high -
earner brackets.
Democrats who dominate the state Assembly are expected to argue, as Deutsch did, for
raising taxes on the wealthy and perhaps creating new brackets to capture
higher income
earners.
A few hours after Governor Andrew Cuomo announced a new bipartisan
tax - cutting commission yesterday, Bill de Blasio told reporters he doesn't have any contingency plan for his signature proposal to
raise taxes on the city's
highest earners.
Dicker, who is for broad gun rights and low
taxes, has criticized Cuomo in the past, like when the governor rejiggered the state's
tax codes and effectively
raised the permanent
tax rate
on high - income
earners.
«This
tax on high - income
earners is an effective and fair way to
raise the revenue we need,» he testified.
The mayor noted that he had not
raised taxes to balance the budget, including
on the city's
highest income
earners.
If Treasury research shows that the 50p rate really is not
raising any money, then it should be replaced by a substitute
tax on high earners.
The candidates also discussed the question of whether to
raise taxes on high - income
earners, the best means to create jobs in the city and how they would respond to a citywide emergency as mayor.
He complained about Democratic frontrunner Bill de Blasio's call to
raise taxes on high - income
earners when he «knows he can't do it.»
The mayor reportedly did not mention the issue when he traveled to Albany to testify
on the governor's budget proposal in January, weeks after taking office, instead dedicating his remarks to pressing lawmakers to approve his signature proposal to
raise taxes on the city's
highest income -
earners to fund universal pre-K and after - school programs.
As a result, the Obama administration has proposed increasing «mandatory spending,» which designates money generated by selling federal assets or
raising taxes (such as a proposed $ 10 fee per barrel of oil sold and increasing
taxes on higher - income
earners) to pay for specific programs.
The CFT's progressive approach, which has Gov. Jerry Brown's support, would slightly
raise income
taxes on the state's
highest earners and temporarily increase the sales
tax by one - quarter of 1 percent.
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.
Closer to home, a group of Canadian doctors is calling
on all levels of government to
raise income
taxes on high - income
earners.