Sentences with phrase «reduced federal tax revenue»

It reduced federal tax revenue by $ 80 billion in 2010, according to a study by Pew Charitable Trusts based on Treasury Department estimates, making it one of the biggest personal tax breaks.

Unless the economy catches fire (which Trump says it will), his plan will reduce federal tax revenues by $ 6.2 billion over 10 years, the Tax Policy Center says.

Compared to the reductions noted above, the recent tax law changes are the fourth largest in history, reducing the federal tax revenue stream by between $ 150 and $ 200 billion per year.

Not exact matches

WASHINGTON, Oct 9 - A top Senate Democrat on Tuesday said new tax revenues should go to reducing the federal deficit, not cutting tax rates, dismissing as «obsolete» a Reagan - era model of tax reform.

And all of them argue that the proposed tax cuts, estimated to reduce federal revenue by more than $ 1.4 trillion, won't increase federal deficits, an assertion that's been contradicted by Congress's official tax scorekeeper.

If firms act to reduce that tax base in response to an increase in the federal rate, then provincial revenues will fall, even if the provinces haven't changed their rates.

Income Trust Conversions: Estimated Federal and Provincial Revenue Effects By Jack M. Mintz (1) The recent announcements by TELUS and BCE have given rise to the question as to how much federal and provincial taxes have been reduced by corporations converting into income Federal and Provincial Revenue Effects By Jack M. Mintz (1) The recent announcements by TELUS and BCE have given rise to the question as to how much federal and provincial taxes have been reduced by corporations converting into income federal and provincial taxes have been reduced by corporations converting into income trusts.

It should go without saying that these tax cuts will reduce overall federal revenue.

No one with the requisite skill has done a revenue analysis of Gingrich's tax plan, but eyeballing the Tax Policy Center's analysis of the Perry Plan, I would be surprised if the Gingrich plan didn't reduce federal revenue by at least $ 3 trillion dollars over ten yeatax plan, but eyeballing the Tax Policy Center's analysis of the Perry Plan, I would be surprised if the Gingrich plan didn't reduce federal revenue by at least $ 3 trillion dollars over ten yeaTax Policy Center's analysis of the Perry Plan, I would be surprised if the Gingrich plan didn't reduce federal revenue by at least $ 3 trillion dollars over ten years.

The state also faces the loss of $ 5 billion of federal stimulus aid, and its problems are compounded by reduced tax revenue during the economic downturn.

Among the findings: States will face continued pressure due to skyrocketing Medicaid costs, underfunded pensions for retired public employees and volatile tax revenues, as well as reduced federal funding.

Some politicians want to reduce the federal gasoline tax, even though its fixed value per gallon means that as prices increase, revenues fall.

Soon after President Richard Nixon took office in 1969, it was widely reported that his administration was considering a federal VAT with the revenue to be shared with state and local governments to reduce their reliance on property taxes and to fund education spending.

Furthermore, projects supported through Clean Energy Victory Bonds will create jobs and business revenues that will bring in federal tax dollars while simultaneously reducing health and environmental costs nationwide.

A refund anticipation loan also includes any sale, assignment or purchase of a consumer's tax refund at a discount or for a fee, whether or not the consumer is required to repay the buyer or assignee if the federal Internal Revenue Service reduces the consumer's tax refund.

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.

On the flip side, Trump's plan would reduce federal revenues by $ 9.5 trillion over 10 years, and that would require the government to massively reduce spending, which could negatively affect Americans, according to the Tax Policy Center.

The remaining revenue should be used to help reduce the federal deficit and make the tax code more progressive, easing some of the bite from higher electricity and gas prices.

Federal revenues are increased, other taxes which have adverse incentives can be reduced, pollution is decreased, and everyone is better off except the polluters.

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 resulting revenue would enable us to reduce not only the federal deficit, but also the highly regressive payroll tax.

So our plan will use carbon tax revenues to reduce other Federal taxes.

Likewise, 60 percent of Americans support a $ 10 per ton carbon tax if the revenue were used to reduce federal income taxes, even when told this would «slightly increase the cost of many things you buy, including food, clothing, and electricity.»

The U.S. federal government didn't begin to approach its modern scale of activity until the New Deal following the Great Depression in the 1930s, which was financed with very high income taxes and estate taxes, high customs duties such as the Smooth - Hawley tariffs imposed not long after the crash of 1929 (which were so high that they reduced customs revenue rather than increasing it), and newly imposed payroll taxes.

The changes would reduce federal revenue by almost $ 1.5 trillion over the coming decade — before accounting for any economic growth that might result, according to Congress's Joint Committee on Taxation, which analyzes tax legislation.