Sentences with phrase «revenue neutrality»

Among the measures to ensure revenue neutrality include saving $ 1.8 billion from changes to the car fringe benefits tax and cutting public service jobs.

Conservatives should embrace a carbon tax (a much less costly means of reducing greenhouse gas emissions) in return for elimination of EPA regulatory authority over greenhouse gas emissions, abolition of green energy subsidies and regulatory mandates, and offsetting tax cuts to provide for revenue neutrality.

Compounded with increasing the cooperate tax rate, losing revenue neutrality is a competitive disadvantage for B.C.'s businesses including energy intensive trade exposed sectors.

The alliance argument against revenue neutrality is simply that a price on carbon alone won't guarantee that clean energy flourishes, that at - risk communities are protected from the effects of climate change, or that workers are sheltered from the economic upheaval of a clean - energy transition.

«In contrast, the Byrd rule prohibits a decrease in net revenue in any year after the 10 - year budget window, not just revenue neutrality across time after the first 10 years.

«I don't believe this talk about revenue neutrality,» he said, «there won't be cuts to other taxes.

While the NDP has signalled that they will only raise the price of carbon once mandated to by the federal government, the platform is unclear as to whether the current revenue neutrality of the carbon tax will be maintained.

The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar - for - dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.

If it had raised revenues with the proviso that the legislature use them to lower other taxes insuring revenue neutrality, it might have passed.

The wording needs to change «carbon tax SWAP» and more importantly, revenue neutrality needs to be specified and concrete... that will neutralize the most powerful argument against us.

Now there's also a third difference and this is possibly the most important one: My plan mandates revenue neutrality for the $ 100 per tonne federal carbon tax, and it incentivizes provinces to make their carbon pricing schemes — whether it's a cap - and - trade system or a carbon tax — revenue neutral as well.

On the federal side, the carbon tax is strictly revenue neutral and all the money will be used to cut income taxes, and on provincial pricing schemes it provides a significant incentive for provinces to move towards revenue neutrality.

While their platform makes mention of revenue neutrality, in the past the BC Greens have alluded to a carbon levy to fund transit development.

This idea was conceived to ensure revenue neutrality for the Central and the State Government following the practice of the new GST rates.

And second, sweeping wonk systems for revenue neutrality will not do much to overcome political resistance, especially in the early stages.

CK: The biggest argument put forth against revenue neutrality — or, in your case, an overall reduction in revenues — is that carbon pricing, while an important pillar of tackling climate change, needs to be combined with an additional suite of policies, regulatory reforms and investments to transform sectors like transportation.

U.S. tax policy experts have long advocated Reagan's approach of» revenue neutrality,» or using new government revenues from closing tax loopholes to pay for tax rate cuts.

Ever since, the Reagan reforms have been seen as a model, with «revenue neutrality» being their central feature.

If applied today, revenue neutrality would inevitably hurt the middle - class by forcing curtailment of tax breaks, he said.

We believe the BC Liberal policies on GHG emissions are in line with the stated positions of the GVBOT, especially their recommitment to revenue neutrality.

Revenue neutrality is an idea taken straight from the pages of an economics textbook.

While great in theory, revenue neutrality is difficult to ensure in practice.

The revenue neutrality of this plan, though, where theoretically the government does not grow in size at all, could break through.

Optimistic promises of the revenue neutrality notwithstanding, the market sees a widening budget deficit as a near certainty.

In order to protect the taxpayer, the formula for rebates and fees can be set to ensure revenue neutrality (i.e., no net increase in taxation).

«Niskanen has always been of the mind that revenue neutrality is really important, because a carbon tax will have significant economic impacts that people are going to feel,» he told me.

The future shape of B.C.'s carbon tax may hang on how Gordon Campbell's successors interpret the concept of «revenue neutrality.»

This was always the alliance's message to CarbonWA: Revenue neutrality loses you the left coalition, and with it the big left funders, and doesn't gain you any Republicans.

Significantly, the NDP also released the tax from its requirement of revenue neutrality.

Revenue neutrality has been a hot topic lately, so it's worth addressing the two revenue - neutral schemes with the most vocal constituencies.

I have struggled to understand in the past what has put some climate wonks and activists on the side of neoclassical economists and conservatives on this question of revenue neutrality.

So this revenue neutrality is not only economically important, but it's also politically important.