Sentences with phrase «replace lost tax revenues»

Chiasso officials are hoping that the expanding cryptocurrency industry can replace lost tax revenues from the diminishing local banking sector.

Not exact matches

In our Open Letter to the Minister, we advocated that EI premiums be eliminated and the lost revenues be replaced by increases in the Goods and Services Tax and Corporate Income Tax rates.

Many of the same warnings Mario Cuomo heard in the 1980s about Shoreham are the same ones his son hears today from supporters of Indian Point: Closing a nuclear plant will result in blackouts, a less reliable electric grid and increased air pollution as fossil fuels are burned to replace the lost emissions - free nuclear power; customers could face higher bills; more than 1,000 jobs will be lost, and tax revenue for schools and towns will dissipate.

The new tax would be «a statewide assessment on counties» to replace that $ 2.3 billion in lost annual Medicaid revenue, and it could take one of several forms, the aide said.

Sen. Terrence Murphy may launch an investigation into the Cuomo administration's agreement with Entergy to close the Indian Point nuclear plant unless questions he has about the deal are answered, including how local governments will replace the tax revenue they'll lose once the facility closes.

Replacing income taxes with am employer payroll tax, leaving Washington, not Albany, on the hook for billions of dollars in lost revenue, might sound good, but the idea floated by the governor is already running headlong into a barrage of practical questions about how precisely such a switcheroo might work.

ALBANY — State Sen. Terrence Murphy says he may launch an investigation into the Cuomo administration's agreement with Entergy to close the Indian Point nuclear plant unless questions he has about the deal are answered, including how local governments will replace the tax revenue they'll lose once the facility closes.

After moving dramatically to abolish property taxes as a source of funding for the schools, lawmakers last year decided to give voters a choice for replacing the lost revenues: either a two - cent sales - tax increase, to be considered in a March 15 referendum, or an income - tax hike, which will go into effect automatically if the sales - tax rise is rejected.

Best would be to continue the funds that have been granted by Congress to replace the lost revenue due to the virtual end of logging on these federal lands (a portion of revenue paid by the feds to compensate for lost property tax revenue since federal lands aren't subject to state property taxes).

A whole good idea would be to make a payroll - tax holiday the first step in an orderly transition to scrapping the payroll tax altogether and replacing the lost revenue with a package of levies on things that, unlike jobs, we want less rather than more of — things like pollution, carbon emissions, oil imports, inefficient use of energy and natural resources, and excessive consumption.