Sentences with phrase «substantial tax cuts»

«This $ 3 billion must be returned to the taxpayers to whom it belongs through substantial tax cuts and investments in our infrastructure to put people back to work,» DeFrancisco said.

Many tabloids criticised the chancellor's decision to tax «hot grub» during last week's Budget as a further sign that lower income families were being hurt while those earning over # 150,000 won a substantial tax cut.

Not exact matches

The President's massive tax cuts and Congress's substantial spending increases are pushing government deficits into crisis territory.

To me, and obviously to a substantial number of U.S. businesses both big and small, it is clear that unless America cuts its high business tax rate it will struggle to maintain a competitive edge and remain attractive for investment.

«Although I don't subscribe to the view that the tax cuts pay for themselves,» he says, «there's considerable evidence to suggest that the increased investment they produce will generate extra revenues to offset a substantial share of those lost to the tax cuts.»

Although the patches prevented an AMT explosion, the number of taxpayers affected by the AMT continued to grow throughout the decade (figure 1) because (1) the regular income tax was indexed for inflation, but the AMT was not; and (2) Congress enacted substantial cuts to the regular income tax.

All told, though, the plan is, like its House counterpart, a proposal to dramatically slash corporate tax rates, open up a big new loophole for wealthy individuals, and pay for the cuts by dramatically expanding the national debt and ending a number of tax deductions that could leave a substantial share of middle - and upper - middle - class people paying more.

This may be reasonable, but given the substantial downside uncertainties with respect to NAFTA, Brexit, the U.S. tax cuts and the economic and fiscal outlook for the U.S. economy, we would have preferred an increasing contingency reserve over the medium term.

Implementing a BAT should bolster the competitiveness of US firms, eliminate the existing incentive to keep profits offshore, and raise the revenue needed to fund a substantial cut in the statutory corporate income tax rate (currently the highest in the Organisation for Economic Co-Operation and Development [OECD]-RRB-.

He could raise the GST, but the Prime Minister has ruled that out; he could fulfill an election commitment by undertaking a serious simplification of the income tax system, which could yield substantial revenues (about $ 3 to $ 5 billion), but he seems reluctant to do that; or, he could take the easy way out and simply cut his fiscal prudence in half and «miraculously» free up $ 3billion annually for his cabinet colleagues.

In a note to its clients, Morgan Stanley has painted three different scenarios with no tax cuts, modest cuts, and substantial cuts.

Because of the low wages they pay workers in South Africa and Latin America, treating their financial losses as tax write offs, when labor negotiations were going on and violence threatened, the companies certainly had the upper hand; the unions accepted a substantial cut in wages and benefits.

So the Republicans got a deal which raises less than a full PIT extension but enough to minimize service cuts and they get a substantial MTA payroll tax rollback in exchange.

Warming to his subject, he condemned Mr Cameron's plans to share the proceeds of economic growth between investment in public services and tax cuts, saying this would mean «substantial» cutbacks in health and education funding.

John McDonnell announced last night that he was abandoning his support for George Osborne's fiscal charter, which would commit the party to substantial cuts and further taxes.

(In fact, the poorest working New Yorkers were mostly exempted from tax entirely under Pataki and middle class and wealthy New Yorkers had substantial cuts in income tax.)

Those who dream of increasing federal spending on education will probably have to wait on broad - based tax increases and substantial entitlement cuts.

The tax savings can be substantial, but front loads tend to cut these savings at least in half.

The Tax Cut and Jobs Act included a substantial increase in the Standard Deduction that each taxpayer is able to take.

But as long as a substantial Trump tax - cut plan potentially remains on the table, or actually gets passed, the Trump Bump looks sustainable to me.

Not to mention the euphoria, and potential step - change in valuations, if Trump focuses less on Twitter & focuses more on actually delivering a substantial corporate tax cut / repatriation deal.

Features Tax Relief: The New Act and What It Means for Individuals Tax Strategies: In addition to adopting the largest of the president's 2001 tax cut proposals, Congress included a substantial number of reforms that provide significant increases to the maximum contributions allowed for retirement savings vehiclTax Relief: The New Act and What It Means for Individuals Tax Strategies: In addition to adopting the largest of the president's 2001 tax cut proposals, Congress included a substantial number of reforms that provide significant increases to the maximum contributions allowed for retirement savings vehiclTax Strategies: In addition to adopting the largest of the president's 2001 tax cut proposals, Congress included a substantial number of reforms that provide significant increases to the maximum contributions allowed for retirement savings vehicltax cut proposals, Congress included a substantial number of reforms that provide significant increases to the maximum contributions allowed for retirement savings vehicles.

«The recent tax cuts are likely to benefit real estate significantly [and] should have a far more substantial impact than either changes to immigration policy or infrastructure policy,» says Ryan Severino, chief economist at JLL.