Sentences with phrase «reduce taxes on the highest earners»
De Blasio ridiculed as a «pipe dream» President Donald Trump's the tax plan, which would reduce taxes on the highest earners and eliminate the deductibility of state and local taxes.
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Reducing tax liability is always important, and even more so since 2013, when rates on capital gains went up and a new tax on investment returns was imposed on some high earners.
The problems of those who are at (or under) the median income are much more urgent than the non-problem of further reducing the George W. Bush era marginal tax rates on high earners.
«I'm sure they're going to realize we need the revenue that comes from that high earner tax,» Klein said in an interview on Wednesday, a day after Gov. Andrew Cuomo unveiled a budget that keeps the expiring tax rates in place, but seeks to reduce rates for middle income earners starting at $ 40,000.
A Cable chancellorship with Labour backing could be bold in redistributing the tax burden - ending higher - rate tax relief on pensions, closing tax loopholes at the top and reducing the share paid by lower earners.
The GOP candidate embraced a tax plan issued by House Republicans this year that would reduce taxes on all Americans but would especially benefit the affluent: It would lower the tax rate for the highest earners to 33 percent, from the current 39.6 percent.