Sentences with phrase «spend more tax revenue»

Not exact matches

Cuts to the highest per - capita spending in Canada will doubtless be part of the budget Premier Alison Redford unveils on March 7, but a shortfall on the revenue side, namely oil and gas royalties, has prominent Albertans calling for a more stable source of funding: a provincial sales tax.

As part of the explanation as to why Europe gives proportionately more ODA, Gunzburg noted that countries with bigger welfare states — like those for which the Scandinavian nations are famed — tend to pay higher taxes, leading to more government revenue that can be spent on aid.

Lost revenues from tax cuts, twinned with greater government spending, mean more borrowing to fund deficits.

The House budget, on the other hand, paves the way for more responsible, revenue - neutral tax reform accompanied by at least some mandatory spending reductions that are a down payment on fiscal responsibility.

In addition to the aforementioned reasons (to finance governmental spending and make up for lost tax revenue), the Treasury has wanted to hold a more robust cash - balance position as a matter of prudent policy in order to protect against a potential interruption in market access.

Unless this tax favoritism is reversed, more and more revenue will be diverted away from spending on consumption and investment to pay debt service and «financialize» the economy even more.

Additional stabilization from unemployment insurance, although smaller in total magnitude than that from the tax system, is estimated to be eight times as effective per dollar of lost revenue because more of the money is spent rather than saved.

So long as spending continues to outpace revenues, Illinois will be faced with two options: increase taxes today, or take on even more debt, which means raising taxes in the future.

Spending has consistently outpaced state tax revenues in Illinois for more than a decade.

And the June 2016 six - month stopgap budget provided for $ 8 billion more in spending than the state collects in tax revenues.

I would guess a rebounding economy (= more tax revenue) combined with spending cuts and prudent tax increases will bring our deficit under control IF we are willing to work together and to forego the militaristic agenda that is draining our resources and morals.

I can not be alone in thinking that it would be more beneficial for the government to be spending their scarce pennies on recovering lost VAT and creating an education programme to make it easier for individuals - and businesses - to fill in their tax forms correctly, when a massive two - thirds (65.9 %) of the lost revenue comes from these areas.

Never mind that de Blasio insisted multiple times that he has no plans to draw more revenue from the tax by increasing the rate and that his proposed budget itself increases spending by less than 1 percent.

Rates for particular kinds of state and local taxes vary much more than state and local spending from tax revenues per capita.

If the fiscal multiplier is greater than one, then every extra pound of tax spending will result in more than one extra pound of revenue.

Government watchdogs expressed concern that the budget added more than $ 700 million in new agency spending since January despite reduced tax - revenue projections from real - estate transactions and personal income taxes.

The state may need to find more revenue or cut spending if a Republican tax plan as written that ends or limits the deductability of state and local taxes is approved in Congress, Gov. Andrew Cuomo said on Wednesday in a conference call.

His budget closed a projected $ 4.6 billion deficit with $ 1.8 billion of spending cuts, $ 1.5 billion in additional revenue from increased taxes and fees and $ 1.3 billion of one time transfers, and did not tap into the state's $ 1.2 billion of reserves or increase the top income tax rate on those earning $ 1 million or more.

From that additional spending, the county would receive $ 500,000 or more in new sales tax revenue.

, New York contributed $ 10,896 per capita in tax revenue to the federal budget, nearly a third more than the national average, and received an estimated $ 9,885 in per capita federal spending, slightly below the nationwide average.

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.

Put another way, increase the tax «base,» as it were, by keeping more money in private hands and people will spend more and make more and the government will enjoy increased revenues borne of that increased consumption.

To make up for the loss of potential tax revenues, Malloy's new plan also includes $ 150 million in reductions over the two - year budget cycle, bringing the total spending cuts to more than $ 144 million.

The Citizens Budget Commission, a watchdog group, took a dim view of the budget proposal, noting that it «increases operating spending at more than twice the rate of inflation and misses an opportunity to bolster reserves» when tax revenue is pouring in.

We can not continue to spend more and more each and every year without justification, especially in light of the County's ever - increasing obligations to ECMC, as well as the continuing decline of sales tax revenue.

If they revise down the Treasury's growth forecasts by 1 per cent of national income, the gap between tax revenues and spending increases by around # 10bn, meaning the government has to find more money from somewhere.

«There may be economic benefits in terms of more tax revenue and money spent in neighborhoods.

Local governments now get about half of tax and other revenues, but are responsible for more than 80 percent of public spending.

State budgets are the healthiest they've been since 2000, partly because of improved tax revenues, but also because legislators are showing more discipline in targeting spending toward their biggest priorities, according to a survey released this month at the annual meeting of the National Conference of State Legislatures.

Several billion more is spent by states from their own tax revenues.

The proposed School Choice Scholarship Act (HB 1607) creates a scholarship tax credit program that is designed to save money by reducing state spending more than it reduces tax revenue.

Lost revenues from tax cuts, twinned with greater government spending, mean more borrowing to fund deficits.

At the two ends of the economic spectrum in any country, there are the usual stimulus and government spending programs which provide an artificial temporary boost and then there's the cutting of services, government employees, increases in taxes and other measures that bridge revenues and expenses more closely.

Yesterday's report also said the Social Security trust fund will begin to spend more money than it takes in through tax revenue in 2016, one year sooner than predicted a year ago.

Canada Revenue Agency has spent years getting taxpayers to file their tax returns digitally (more than 80 % now do so) and to sign up for digital options to receive their tax refunds.

And governments issue low - yielding treasuries to continue spending far more than they generate in tax revenue.

The government could balance the budget, but with revenues down they would either have to cut spending or raise taxes, which would hurt the flow of money even more.

When a country's government spends more than it earns from taxes or other sources of revenues, it is forced to borrow from its citizens and / or from foreign entities.

It's a cycle - you spend on infrastructure and education, you improve the economy in your state, you create more jobs, and get more tax revenue.

Artist governance of the Torpedo Factory Art Center will provide the City of Alexandria with more visitation, increased tax revenue, and expanded community programming without increasing City spending.

The government is also prepared to spend more than the estimated S$ 1 billion in carbon tax revenue to help companies to reduce emissions.

Moderator: John Nothdurft Bob Williams, Sen. Phil Berger, Daniel Pilla As more states see their revenues begin to recover, many are faced with the question of whether to restore spending cuts or cut taxes to help encourage continued economic growth.

What's more, spending the revenue allows you to put spending (which people like) at the top of the ballot initiative, rather than a tax (which people don't like).