First daughter Ivanka Trump is staking her reputation in Washington on making sure her father's
tax reform plan includes an expanded child tax credit — a version of a pet issue she championed during the campaign.
President Donald Trump's
tax reform plan includes a section that is meant to help small businesses, but it appears Wall Street financiers could be the ones to reap the benefits.
Not exact matches
This press release contains «forward - looking statements» within the meaning of the Private Securities Litigation
Reform Act of 1995,
including statements regarding the company's 2018 financial performance, the company's growth strategy, the company's capital allocation strategy, the company's
tax planning strategies and the performance of the markets in which the company operates.
Such risks, uncertainties and other factors
include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein,
including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity,
including the pending acquisition of Rockwell Collins,
including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness,
including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending,
including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability,
including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors,
including market conditions and the level of other investing activities and uses of cash,
including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension
plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate,
including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in
tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
tax (
including U.S.
tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
tax reform enacted on December 22, 2017, which is commonly referred to as the
Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
Tax Cuts and Jobs Act of 2017), environmental, regulatory (
including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement,
including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
President Donald Trump's
tax reform plan came under new criticism on Tuesday from two towering Wall Street figures,
including billionaire investor Warren Buffett, who called into question a Republican drive to slash the U.S. corporate rate.
Well, he's going to unveil his total
tax -
reform plan on Thursday, and this is a component of that, so it will be
included in his overall budget and economic vision.
The initial chatter about the GOP's
tax -
reform plans included speculation that MID might be eliminated entirely.
Past achievements
include building the case for deficit reduction in the 1980s and early 1990s, for consolidation of the Canada and Quebec Pension
Plans in the late 1990s, a series of shadow federal budgets and fiscal accountability reports in that began in the 2000s, and work on marginal effective
tax rates on personal incomes and business investment, which has laid the foundation for such key changes as sales
tax reform, elimination of capital
taxes, and corporate income
tax rate reductions.
The 401 (k) may be changed because the Trump administration is looking for ways to drum up revenue to pay for its
tax reform plan, which
includes significant cuts, while not adding to the national debt, an issue dear to many conservatives.
We applaud the President's focus on
tax reform, but the
plan includes far more detail on how the Administration would cut
taxes than on how they would pay for those cuts.
Many Democrats claim the
plan — which
includes both corporate and income
tax reform — favors only the top earners, while fiscal conservatives worry the
tax cuts could dig the U.S. deeper into deficit spending and add to the already - mountainous national debt, requiring another showdown over raising the debt ceiling.
Unfortunately, Budget 2018 - 19 did little to address this, or even to acknowledge risks posed by the external setting -
including recent U.S.
tax reforms and NAFTA renegotiations - and the effects of these uncertainties on the
planning and decision making setting for Canadian businesses.
The details of Governor Cuomo's economic
plan, which
includes both
tax reform and a new infrastructure fund, were released today with support from Assembly Speaker Sheldon Silver and Senate Majority Leader Dean Skelos.
Cuomo's budget
includes non-spending measures such as his slate of ethics
reforms, allowing ride - hailing apps like Uber and Lyft to operate outside of New York City and a
plan to encourage local governments sharing services to reduce property
taxes.
In his most recent State of the State address, he listed several priorities,
including reforming the criminal justice system, holding pharmaceutical distributors responsible for their role in the opioid crisis and fighting the federal government on its
tax plan and policies on immigration, abortion, the environment and health care.
The 2013 - 14 Executive Budget and Management
Plan builds on two years of balanced, fiscally responsible budgeting and invests in economic development, education
reform, rebuilding after Superstorm Sandy, provides support to local governments and school districts, and
includes no new
taxes or fees.
Congressional Democrats in New York are criticizing a federal budget approved by the House on Thursday that paves the way for a
tax reform plan that could
include the elimination of the state and local deduction, or SALT.
This year, in a speech that
included applause for Cuomo's criminal justice
reform efforts such as strengthening state oversight of jail and his
plan to fight the federal government on the
tax law, Cuomo sought to give shootouts to individual members of the Legislature and praise Attorney General Eric Schneiderman as well as DiNapoli.
But the governor's
plan would effectively give him ownership of the state's massive public school system, and would be among the most ambitious changes he's pursued in his governorship, a tenure that so far has
included legalizing same - sex marriage, strengthening gun control, creating a statewide property -
tax cap and
reforming the state pension system.
Other sustainability and development programs that have been initiated or
reformed over the last six years under Governor Cuomo
include: · Cleaner, Greener Regional Sustainability
Plans · Regional Economic Development Councils · Land Bank Act to convert vacant properties · Legislation to combat zombie properties · Complete Streets design initiative · Upstate Revitalization Initiative · Hudson Valley Farmland Preservation and Southern Tier Agricultural Industry Enhancement Programs · Clean Energy Communities · Brownfield Redevelopment
Reform · Historic Preservation
Tax Credit · Climate Smart Communities Grants · Community Risk and Resiliency Act Elaine Kamarck, Founding Director of the Center for Effective Public Management at the Brookings Institution and Author of Why Presidents Fail and How They Can Succeed Again said, «Whenever I get a chance to come home I'm always impressed at the rapid progress being made here in the Finger Lakes.
Committee backers,
including the Real Estate Board of New York (REBNY) and the Partnership for New York City, benefit from a range of policies continued, implemented, or proposed by the Cuomo administration,
including low corporate
tax rates, subsidies, pension
reform, and real estate development
plans.
[The new charge, they said, would actually be listed on county property
tax bills as the «Faso - Collins federal
tax» — named after New York GOP Reps. John Faso, of Columbia County, and Chris Collins, of Erie County, whose
plan for the cost shifts were
included in both the Senate and House versions of federal health care
reform bills.]
Topics
included health care, the environment, defunding
Planned Parenthood, immigration,
tax reform, North Korea and Russian interference in the 2016 presidential election.
'' The agreement
includes support for a comprehensive New York Works Agenda that will create thousands of jobs with new investments in New York's infrastructure; passing a fair
tax reform plan that achieves the first major restructuring of the
tax code in decades, resulting in a
tax cut for 4.4 million middle - class New York taxpayers; approving $ 50 million in additional relief for areas devastated by recent floods; and reducing the MTA payroll
tax to provide relief for small businesses.»
Those deductions and countless others could be eliminated under a
tax reform plan that
includes a vastly higher standard deduction, which would be aimed at making it easier for people to file their
taxes without itemizing.
But the additional ingredient that government will deliver and needs to do even more of is a radical programme of microeconomic
reform to make our economy more competitive -
including competitive
tax rates,
planning reform and deregulation.
The agreement
includes support for a comprehensive New York Works Agenda that will create thousands of jobs with new investments in New York's infrastructure, passing a fair
tax reform plan that achieves the first major restructuring of the
tax code in decades resulting in a
tax cut for 4.4 million middle class New Yorkers taxpayers, approving $ 50 million in additional relief for areas devastated by recent floods, and reducing the MTA payroll
tax to provide relief for small businesses.
De Blasio, for his part, told NY1's Errol Louis he agreed with Cuomo's approach to handling President Donald Trump's
tax reform plan signed into law before Christmas — an approach that
includes suing the Trump administration.
The conventional wisdom was that the
tax credit
plan would be attached to a whopping multi-dimensional
tax -
reform bill, which voucher - squeamish Republicans would vote for because they wanted the other goodies
included in the package.
The U.S. Senate's version of proposed health care
reform legislation
includes an excise
tax on so - called «Cadillac» health care
plans, such as the
plans that cover teachers and their family members.
Good Morning The U.S. Senate's
tax reform bill passed over the weekend
includes an amendment filed by Sen. Ted Cruz that will expand 529 College Savings
Plans to
include K - 12 elementary and secondary school tuition for public, private, and religious schools,
including K - 12 educational expenses for homeschool students.
This is especially important in the context of evaluating more comprehensive
tax reform proposals that contemplate
taxing income sources that are not
included in narrower measures (e.g., proposals to
tax some or all employer contributions to health insurance or to reduce the amount of
tax - free income earned within qualified retirement
plans by placing tighter limits on contributions).
Advises Indian tribal clients and consultants regarding cutting - edge and extremely complicated employee benefits and
tax issues,
including sovereignty issues, comments to the IRS regarding proposed regulatory action, identification and separation of government and so - called «commercial» employees and
plans, benefits structuring, entity structuring, controlled group issues, deferred compensation and health care
reform.
However, the
tax reform plan does not yet
include the more expensive ideas from Cantwell - Hatch, like increasing the LIHTC program by 50 percent.
Hokanson followed with a discussion of some key REALTOR ® advocacy wins,
including the retention of 1031 exchanges for real estate in the federal
tax reform plan and the defeat of a state proposal to increase
taxes on real estate commissions by 66 %.