Sentences with phrase «tax subsidy»

Those with workplace benefits receive a significant tax subsidy and those without must purchase insurance with after - tax dollars and minimal government support.
To keep ethanol competitive with gasoline, major refiners such as Archer Daniels Midland Co. have relied since the 1970s on a tax subsidy, now 51 cents a gallon.
One very frustrating subsidy — the tax subsidy the government has given to oversized SUVs.
For example, Cooper Union does not pay property taxes on the Chrysler Building, even though it is not used for academic purposes — a tax subsidy worth $ 19 million annually.
have commented extensively on the tax subsidy being made available to speculative buyers in competition against homebuyers, who have no such tax subsidy, leading to significant social dislocation.
Additionally, the tax subsidy feeding into higher home prices adds to the wealth of those taking advantage of negative gearing.
This allows these people to borrow further funds against equity in the previously acquired properties, resulting in further acquisitions under tax subsidy.
Unfortunately the Affordable Care Act tax subsidy complicates the plan: -LRB-
And the industries those two groups represent won't die if their tax subsidy is withdrawn.
The implicit suggestion is that retirement savings above this level should not qualify for a federal tax subsidy.
Cuomo of late has delighted labor unions as he pushes to attach some kind of prevailing wage protection to the 421 - a program, a tax subsidy for developers that is usually renewed in tandem with rent regulations.
The charges against both former leaders stemmed, in part, from their interactions with executives at Glenwood Management, a real estate development firm and major political donor that is heavily interested in rent regulations and the 421 - a property tax subsidy program.
On Wednesday, he introduced a bill extending the existing rent regulations and the 421 - a tax subsidy program for until February 1.
Wright introduced a straight, six - month extension of rent laws and the 421 - a tax subsidy program — a far cry from the tenant - friendly proposal Assembly Democrats had been fighting for.
They also want the state to end its annual $ 1.5 billion tax subsidy of fossil fuels.
«The mayor's unfortunate proposal for the new 421 - a tax subsidy, which was made even worse by Albany, will cost the City far more than the old program while barely increasing the requirement to build affordable apartments, and failing to offer basic protections for many tenants.
Madison's TIF Review Committee on Wednesday approved a controversial $ 16 million tax subsidy...
The governor also did not deny that he was the «top Cuomo administration official» quoted in the Daily News questioning de Blasio's strategy as he pushed to renew his control of the city's schools and restructure and reauthorize a real estate tax subsidy to help him build more affordable housing.
Isn't this the very definition of a 421a tax subsidy: «New York State taxpayers have enough problems, like crumbling roads and bridges and soaring taxes, without having to subsidize Cuomo's political supporters who would rather be handed the work than learn to compete within the confines of public bidding law and an open market,» said Josh Reap, the government affairs director for Associated Builders & Contractors.
Rent regulations in New York City as well as 421 - a, a tax subsidy favored by major developers, are set to expire in June.
A state tax subsidy program for residential development, known as 421 - a, has expired.
It renewed rent regulations for over a million apartments in New York City, authorized property tax rebates for 2.5 million homeowners on Long Island and upstate, restructured and extended a tax subsidy for the real estate industry — the biggest source of state campaign contributions — and authorized New York City mayor Bill de Blasio's control of city schools for another year.
But her plan is especially susceptible since it prominently features a tax subsidy twice proposed and rejected by the Bloomberg administration as unacceptably generous to the real estate industry, according to the New York Times.
Hawkins, the Green party candidate for Governor, has pointed out that Wall Street hedge funds have been mobilizing to support Cuomo, partially due to his support for charter schools, which provide a hefty tax subsidy to wealthy investors.
If the business offers just a minimum level of health insurance or coverage is deemed unaffordable, it must pay $ 3,000 for every worker who receives a federal tax subsidy to help him or her pay for mandated coverage.
The court reasoned that property tax exemption differed from a tax subsidy — which would be impermissible under the entanglement principle of the free - exercise clause — because:
For years, a quirk of US law created a tax subsidy for Puerto Rican debt that encouraged middle class Americans to binge on loaning money to Puerto Rico without really realizing that's what they were doing.
They want it both ways: cut the deficit and give a huge tax subsidy to the top income bracket.
But Sen. Curt Friesen of Henderson disputed that, saying developers would have a built - in market because of the tax subsidy.
Even with the tax subsidy, which you might qualify for if you both aren't working, is closer to $ 300 a month for a silver plan for a single person, and the deductible is $ 1500 per year on top of that.
Critics have said the program provides a misguided tax subsidy to coastal and river valley property owners, encouraging development in flood - prone, often environmentally sensitive areas such as wetlands.
The $ 340 million in annual federal tax subsidies that US coal companies receive is not putting more miners to work.
Our powerhouse status is the result of the overall market's seemingly unending growth, but also some very smart government tax subsidies.
The stock has surged 41 % since President Donald Trump's November election, surprising many who predicted the company led by billionaire Elon Musk would suffer under a Republican government averse to supporting clean - energy companies with federal tax subsidies.
The first case, known as Halbig v. Burwell, contests the tax subsidies individuals get through exchanges run by the federal government.
And Citizens for Tax Justice recently highlighted Wells for its very large tax subsidies.
Nonetheless, over the past decade or so, New York has made strategic — and gigantic — investments and implemented enticing economic development programs, including tax subsidies, grants, loans and other attractive lures.
The report eliminated 150 other income tax loopholes, corporate tax subsidies and deductions.
And to Sotomayor, this choice can not be squared with Carvin's interpretation that tax subsidies are available only to people participating in state - run exchanges.
2014, «Who Benefits from Asset - Building Tax Subsidies
That's because these tax subsidies are structured as deductions and exclusions, which provide bigger subsidies to households in higher tax brackets.
I thought you meant that individual churches get tax subsidies.
Combining a social conscience with political pragmatism, he advocates using» «conservative» means (like tax subsidies and vouchers) to reach these seemingly «liberal» goals.»
In recent years, the field has turned a profit of about $ 10 million a year, though documents reported in a Tribune investigation last year show that future profits may match that figure only if tax subsidies are counted as income.
Mr. President, Senator Cruz's amendment expands tax subsidies for upper income households to aid private or parochial schools by allowing 529 account balances to spend up to $ 10,000 a year on private or parochial school tuition and supplies.
Yes, libertarians would be against tax subsidies (that pay for public schools), but that isn't the question at hand.
«Republicans are left to choose between a bought - and - paid - for Wall Street lobbyist and an unstable tea party pretender who makes millions each year from government contracts and tax subsidies while finding time to indulge his penchant for disseminating completely inappropriate emails that offend just about everyone.»
New York would have the power to recoup millions of dollars in state property - tax subsidies from wealthy homeowners who were ineligible to receive the aid, under legislation proposed by Cuomo.
Developers say the tax subsidies are needed to help pay for rehabilitation of historic buildings and brownfields that otherwise would have remained shuttered or unused.
Last year, facing a collapse of the economy and a growing budget gap, state leaders changed the rules, ordering a review of all such tax subsidies to see if they were worthwhile.
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