Sentences with phrase «sweeping changes to the tax code»

The 479 - page bill includes an array of sweeping changes to the tax code, including the reduction of the corporate tax rate from 35 percent to 20 percent as of 2019.

In the next decade, the sweeping changes to the tax code could put $ 370 billion worth of state and local revenue and 370,000 education jobs at risk, according to a state - by - state analysis by the National Education Association.

Eliminating Section 1031 like - kind exchanges among sweeping changes to the tax code would disadvantage small and medium - sized businesses, and would negatively impact taxpayers, job growth, and the U.S. economy.

Not exact matches

This is all due to the Tax Cuts and Jobs Act, which made sweeping changes to the U.S. tax code for 2018 and beyoTax Cuts and Jobs Act, which made sweeping changes to the U.S. tax code for 2018 and beyotax code for 2018 and beyond.

H.R. 1, known as the Tax Cuts and Jobs Act, would make sweeping modifications to the Internal Revenue Code, including a much lower corporate tax rate, changes to credits and deductions, and a move to a territorial system for corporations that have overseas earninTax Cuts and Jobs Act, would make sweeping modifications to the Internal Revenue Code, including a much lower corporate tax rate, changes to credits and deductions, and a move to a territorial system for corporations that have overseas earnintax rate, changes to credits and deductions, and a move to a territorial system for corporations that have overseas earnings.

Katko said he believes the most sweeping changes to the U.S. tax code in 30 years will result in a net tax cut for most Central New Yorkers and will help local businesses thrive as the corporate tax rate is cut from 35 percent to 20 percent.

Now Saab officials are worried that the most sweeping changes in the U.S. tax code in 30 years will hurt its ability to compete for top talent to fill technology jobs in engineering, research, development, testing and production.

The Trump administration proposed the most sweeping changes to the federal tax code in decades, outlining a framework that would cut individual and corporate taxes, eliminate widely used exemptions and deductions and tilt the U.S. closer to the type of tax system embraced by other industrialized nations.

Cuomo has proposed far more sweeping changes to the state's tax code that he says are needed to soften the blow of the new federal tax law, which will raise the federal taxes of many New Yorkers by capping a deduction for state and local taxes at $ 10,000.

It provides the most sweeping changes to the federal tax code in decades while reducing tax bills for businesses and workers alike.