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.
Not exact matches
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.