Sentences with phrase «revenue raisers»

«For taxpayers and small businesses, in particular, it is important the state holds the line on revenue raisers for affordability, the health of the economy and for job creation,» Little said.

However, the reinstatement of the Pease rule suggests that policymakers are eyeing itemized deductions, like the mortgage interest deduction, as potential revenue raisers in future fiscal debates.

A proposed move toward a so - called destination - based tax system with border adjustments — which functions like a 20 % tax on imports but exempts exports — is a potential revenue raiser but is very controversial and complicated.

The biggest chunk of revenue raisers Cuomo is counting on is the $ 750 million in projected taxes on health insurance not - for - profit companies converting to for - profit businesses.

Some fiscal watchdogs say it might be illegal to include new taxes and other revenue raisers in the emergency spending bills, but the Paterson aide said the administration feels it is on solid legal footing.

«Certainly we live in one of the highest taxed states in the nation and to promote and propose more revenue raisers as he put it is only going to deteriate our economy even more.»

This means that even if the proposal were to include revenue raisers of the magnitude that has been suggested, it would still yield deficits that were two - thirds larger than those contemplated by the Senate majority in its budget resolution negotiations.

Cuomo already agreed to raise taxes on the wealthy back in December to close the rest of the gap, but he says «there are no new or increased fees or taxes» in the budget, no one shot revenue raisers, and in a state long known for complicated budget tricks, he says there are no «surprises» in his spending plan.

Certainly we live in one of the highest taxed states in the nation, and to promote and propose more revenue raisers as he put it is only going to deteriorate our economy even more.»

«VAT is the second biggest revenue raiser from Scottish taxpayers.

The Senate GOP, however, said it will fight it along with all the other revenue raisers Cuomo is proposing.

Florida prosecutors are implementing a new revenue raiser: retaining a collection agency to pursue consumers who write bad checks, reports CNN.

The tax is a critical revenue raiser in the House bill — worth about $ 155 billion over a decade — and applies to purchases by U.S. subsidiaries of multinational businesses from their foreign counterparts.

«If you make relief retroactive to January 1, you wouldn't do revenue raisers to January 1.

However, he has in the past shot down the idea of retroactive revenue raisers.

Bonacic, in the interview, called the millionaires tax debate a «tougher» issue in the scope of overall revenue raisers.

It relies, in part, on spending reductions, redirection of resources and revenue raisers such as taxes on health insurance and hospital revenue.

Generally speaking, we question the imposition of significant, permanent revenue raisers during a period of economic recession, when the economy can least afford it, and when economic recovery is expected to restore some of our current revenue shortfalls.

The governor remains steadfastly opposed to raising taxes in the coming budget year, making either more spending cuts or creative revenue raisers his options in closing the deficit.

The New Deal for NY has been working over the last year to fight for progressive revenue raisers in New York, including the extension of the Millionaire's Tax, through direct action, coalition building, and more.

Other steps could include budget cuts or one time revenue raisers.

In Obama's budget proposal, one of the main revenue raiser for health care was limiting the tax rate at which itemized deductions reduced liabilities to 28 %.

An important revenue raiser for the government in House Speaker Paul Ryan's 2016 proposals is the repeal of the net operating loss (NOL) carryback.

Members haven't solved their deficit dilemma, though, and President Trump has shot down potential revenue raisers.

The fees and other revenue raisers include increases for motor vehicle titles for cars and trucks, capping STAR property tax rebates, and new taxes on e-cigarettes.

The watchdog group Citizens Budget Commission says the spending plan contains far fewer gimmicks and one shot revenue raisers than in the past.

It is our biggest revenue raiser, generating about a quarter of all tax receipts across the UK.

The Times sees Cuomo's budget as a mixed - bag, expressing disappointment over the lack of revenue raisers and concern over the deep education cuts, which the paper thinks go too far.

In addition, Republicans are proposing «revenue raisers,» such as ending the deduction for payments of state and local tax, known as SALT.

Some revenue raisers on the individual side, like abolition of deductions for state and local taxes and the elimination of personal exemptions, would expire at the end of that year too.

Food and beverage consumption is a personal choice, not a revenue raiser.»

State Budget Director Robert Megna is expected to brief the press this afternoon about the governor's budget extender bills, which he has repeatedly insisted will include the remainder of his 2010 - 2011 executive spending plan — complete with the cuts and revenue raisers that the Legislature insists it won't accept.

Silver also weighed in on legalizing mixed marital arts — a potential revenue raiser — and instituting no fault divorce in New York.

«We were not favorable to this we did it because we coudln't get the legislators to do the other revenue raisers that we thought were far more constructive.»

By trying to balance the books he might upend whatever political support there ever was for some of the revenue raisers for transit.

Silver refused to disclose his proposal, although a spokesman conceded it involved «potential revenue raisers.»

«I'd say the revenue raisers and dealing with the MTA should be done in the budget,» Heastie said.

With a $ 4.4 billion state budget deficit, Cuomo suggested erasing the gap with «revenue raisers» — new taxes and fees — including a surcharge on opioid manufacturers and a new tax on health insurance companies.

The governor says the revenue raisers are needed to avoid cuts to such vital areas as public education and health care, especially after the federal tax overhaul, which is expected to hurt the state's bottom line.

If anything, it can give the governor some wiggle room on allowing for some revenue raisers in a future spending plan.

Cuomo said in his State of the State address last week that he wants to expand casino gambling in New York, both as a revenue raiser and a job - creation vehicle.

Legislators, including Assemblyman Joe Morelle, a Cuomo ally, are talking about wine in grocery stores as a potential revenue raiser.

As local governments and school districts here in New York now deal with a tight 2 percent cap on property tax levies, it will be interesting to see how municipalities turn to revenue raisers to fund complex projects.

Cuomo has nearly $ 1 billion in «revenue raisers» in his 2018 - 2019 proposed budget, new and increased fees that some Republican legislators from Long Island said were akin to new taxes.

Cuomo's budget plan in January was balanced, by law, but she said he did it with more than $ 1 billion in tax and fee hikes, among other revenue raisers.

The $ 168.2 billion spending plan revealed on Tuesday attempts to close a $ 4.4 billion deficit with a series of new «revenue raisers» — or new taxes and fees — paired with a proposed overhaul of the state tax code.

RM: This is a revenue raiser for the Treasury as employers will have to pay national insurance on benefits like mobile phone contracts and gym membership.

The Democratic governor proposed closing the state's $ 4.4 billion deficit a number of ways, including with $ 1 billion in revenue raisers.

He questioned Cuomo's decision to include $ 1 billion in «revenue raisers» — new taxes and fees — at a time when upstate New York's economy continues to struggle.

ALBANY — Gov. Andrew M. Cuomo has nearly $ 1 billion in «revenue raisers» in his 2018 - 2019 proposed budget, new and increased fees that some Republican legislators from Long Island said were akin to new taxes.