Sentences with phrase «recent federal tax cut»
Surrounded by union workers, U.S. Senate Minority Leader Chuck Schumer called Trump's infrastructure plan a sham, and urged that recent federal tax cuts for corporations and the richest Americans be rolled back to help pay for long - overdue repairs.
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They also follow a recent pledge by the bank to build more branches and expand hiring in underserved neighborhoods and expand its philanthropic work, in response to an expected windfall from the passage of federal corporate tax cuts last year.
The Federal government is expected to boost the amount it intends to borrow in the coming months, as the Treasury contends with declining tax receipts as a result of the recent corporate and personal tax cuts, as well as widening budget deficits and a Federal Reserve that is slowly reducing its own holdings of government bonds.
They point to two inflation risk factors: years of setting low rates by the Federal Reserve, and the possibility that recent tax cuts will cause the economy to overheat.
Gov. Andrew Cuomo hinted in his State of the State speech on January 3 that he might back tax hikes on people he says will benefit the most from the recent federal tax overhaul, which includes cuts to corporations and some wealthy taxpayers.
Cuomo in recent months has been outspoken about the federal tax cut plan hurting high - tax blue states like New York and California by severely restricting the federal deductibility of state and local income and property taxes.
Gov. Cuomo hinted in his State of the State speech on January 3 that he might back tax hikes on people he says will benefit the most from the recent federal tax overhaul, which includes cuts to corporations and some wealthy taxpayers.
Governor Cuomo hinted in his State of the State speech that he might back tax hikes on people he says will benefit the most from the recent federal tax overhaul, which includes cuts to corporations and some wealthy taxpayers.
They point to two inflation risk factors: years of setting low rates by the Federal Reserve, and the possibility that recent tax cuts will cause the economy to overheat.
Meanwhile, the federal EV tax credit in the US narrowly survived being cut out of the recent tax bill, and renewable energy (and the subsidies for it) has fresh opposition in the highest levels of the government after the 2016 election.