Sentences with phrase «tax on high earners»

The increase in taxes on high earners is a petty political gesture rather than a serious financial solution.

Instead, he said he favors higher taxes on high earners as a way to raise money for upgrades and repairs.

A message that amounts to «we need to cut taxes on the high earners who built that and cut spending on the government to balance the budget» is self - defeating.

And cutting taxes on high earners isn't going to get it done.

He has promised to expand pre-kindergarten and after - school programs by raising taxes on high earners.

In his inaugural address de Blasio highlighted his call for funding universal pre-K and middle school after school programs with an increased income tax on high earners.

Presidential candidate Hillary Clinton is proposing to increase taxes on high earners with a four percent surtax on people making more than $ 5 million.

Closing that gap further with taxes on high earners would eventually require more than doubling the payroll tax rate for high earners (assuming no additional money from investment income, as capital gains would already be past their revenue - maximizing limit), bringing the total tax hike to about 25 percent for those earners.

Flake wrote a book that explained what he thought had gone wrong in the recent history of the GOP, but he left out the central contradiction of post-George W. Bush Republican economic orthodoxy: The Republican party has simultaneously stood for cutting old - age entitlements and reducing taxes on high earners.

But he continued to argue that a new tax on high earners is a preferable source of subway funding, even though that proposal is considered dead in Albany.

In Europe, whenever any party proposes to increase taxes on high earners opponents invariably argue that the policy would be counter-productive, because high wealth individuals would simply relocate abroad, which may lead to the policy producing little additional revenue for the government, or even a net loss.

ALBANY — In its one - house budget resolution released on Thursday, the State Senate proposed funding pre-kindergarten and after - school programs at the levels requested by New York City mayor Bill de Blasio, but without the mayor's preferred tax on high earners.

That pivot seems to have paid off on Tuesday, as the city's charter sector formally gained a new friend in Cuomo, who has already proven his ability to big - foot de Blasio on education issue with his opposition to the mayor's proposed pre-K tax on high earners.

If Treasury research shows that the 50p rate really is not raising any money, then it should be replaced by a substitute tax on high earners.

Democrats criticized the provisions phasing - out the inheritance tax and repeal of the alternative minimum tax on the highest earners, the Associated Press reported, and said the cuts come at the expense of the middle class.

He also appeared to take one of several jabs at de Blasio, who opposes congestion pricing and wants to see an added tax on high earners to additionally fund the MTA.

De Blasio vowed to create or preserve 200,000 affordable housing units by 2024, reform the controversial stop - and - frisk policing method and enact legislation to ban racial profiling, fund universal prekindergarten and after - school programs by raising taxes on the highest earners and create a municipal identification program in part to help undocumented immigrants who needed government - verified ID.

In the UK, a common argument of Conservatives is that any increase in taxes on high earners will make the country «uncompetitive» (in the sense that the rich will flee to foreign tax havens).

The government wants to cut spending, and the opposition parties want to increase taxes on high earners as well as corporate income taxes (CIT) instead.

De Blasio ridiculed as a «pipe dream» President Donald Trump's the tax plan, which would reduce taxes on the highest earners and eliminate the deductibility of state and local taxes.

The new tax on high earners was approved by the Legislature and Gov. Paterson in 2009, but it was OK'd for only three years, meaning it goes out of existence at the end of the 2011 calendar year.

His programme of «Keynesianism in one country» promised full employment, reduction of inequalities, nationalisations, the channelling of savings into industrial investment, more support for heavy industry, increased taxes on the highest earners, an expansion of rights within the workplace and a steady reduction in France's reliance on imported goods.

Now that Obama doesn't need to worry about reelection, he was able to strike a deal that raised taxes on high earners and investment income while letting the middle - class tax cut expire.

«We've done that several years ago and by the way the same time we raised the taxes on the high earners, we lowered it for middle income earners.»

Mr. Golisano recently announced that he was moving his legal residence to Florida out of anger about the budget deal crafted in April by Democratic leaders in Albany, which included an increase in taxes on high earners.

After holding a public hearing to increase both the income tax on the highest earners and the sales tax on everyone, Democratic leaders abruptly dropped those ideas, although top lawmakers said they may reappear before a final budget is adopted.

He also opposes the 50p tax on the highest earners.

Cuomo's second tax commission is weighing a proposal with more than $ 1 billion in mostly property tax cuts, but debate over former Gov. George Pataki's plan to slash the personal - income tax on the highest earners has helped delay the release of the group's report.

The latest debate is about whether President Obama, who ran a campaign explicitly promising to raise taxes on high earners and who beat a candidate explicitly promising to refuse any and all tax increases, has a mandate to raise taxes.

The Council support is part of a concerted push by city leaders for a «home rule» message that would allow the city to increase taxes on its highest earners.

Colin Stanbridge, chief executive of The London Chamber of Commerce and Industry (LCCI), said the bonus tax, along with the government's 50p tax on higher earners, would «undoubtedly damage London's standing as a financial centre.

Instead, Mr. Lentol and others supported an alternative — a tax on high earners — arguing that wealthy business leaders who earn money from people coming into the city should pay for transit repairs.

They say that New York is already over-taxed, and that taxes on the high earners will just drive them to leave the state and take their job - creating business with them.

De Blasio, and some his Democratic supporters in the State Senate, maintain the city should have the autonomy to raise taxes on its highest earners, as part of the mayor's broader plan to fund universal pre-K, and that the city should also have the authority to raise the minimum wage for city workers.

McDonald again took the opportunity to slam some Democratic candidates» call to raise taxes on high earners, touting his experience in helping the homeless in New York City by leading them to find work.