Sentences with phrase «temporary tax»

Republican leadership could settle for temporary tax cuts that expire after a decade.

It offers an array of temporary tax breaks for other types of businesses and for individuals — including rate cuts that will tend to favor the highest earners.

The 2008 and 2009 tax acts provided large temporary tax cuts to most households, with the goal of helping the economy recover from the Great Recession.

This dispute over sales - tax extensions goes back to when the first temporary tax was approved by the state legislature 20 years ago.

Just give current investors some new temporary tax breaks during the transition.

The Legislature overrode Mr. Pataki's vetoes to pass temporary tax increases to deal with a $ 11.5 billion deficit.

New Yorkers who earn between $ 300,000 and $ 2 million dollars a year will see their tax rates go back to the rate they were before the current temporary tax surcharge, which ends at the end of the month.

«The MTA crisis is real and it is upon us,» said Sen. Michael Gianaris, a Queens Democrat who has proposed temporary taxes on millionaires in the 12 - county MTA region and city hotels to raise needed revenue.

Congress also passed temporary tax credits for homebuyers that increased housing demand and eased the fall of house prices in 2009 and 2010.

Congress routinely passes the package of temporary tax breaks every year or two, drawing complaints from business groups that it is hard to plan from year to year.

«Don't think I don't think carefully about all the potential solutions, I do,» he said, a little pleadingly, as he explained that temporary borrowing was as bad as temporary tax cuts.

But over the coming year if, as we all hope, some kind of recovery does take hold, then the balance of advantage will shift from temporary tax cuts to long - term capital investment.

The American Taxpayer Relief Act of 2012 made permanent most of the tax cuts enacted between 2001 and 2010 and extended other temporary tax provisions for between one and five years.

Ron Deutsch, with the pro tax the rich coalition New Yorkers for Fiscal Fairness, says the tax changes are a partial victory, but he says they will generate less than half the revenue then had the current temporary tax surcharge been simply renewed at the end of the year.

Make no mistake, Washington Republicans sold permanent tax cuts on corporations with temporary tax cuts funded on the backs of New Yorkers.»

The new Mortgage Debt Cancellation Relief Act, signed into law in December, gives temporary tax relief for sellers in a short sale situation.

The bill also provides temporary tax benefits for low - and middle - income Americans, including lower marginal tax rates, and a new top tax rate of 37 percent for the wealthiest Americans, down from 39.6 percent.

Congress regularly renews a few dozen temporary tax provisions, known as extenders, for one or two years at a time.

Instead, lawmakers could find themselves replaying old fights over temporary tax breaks.

She noted that although the Obama administration got temporary tax breaks through Congress as part of its stimulus package in 2009, tax credits and other incentives did not substantially increase consumer spending.

Yes, a subsequent bill with 60 votes in the Senate could make the currently temporary tax cuts permanent.

A Labour government will mean more workers paid a living wage, (as many enlightened employers and, I'm proud to say, increasing numbers of Labour councils, are already doing)- offering temporary tax breaks to employers that commit to paying it, and requiring transparency of large companies, so employees, consumers and campaigners can hold them to account.

New York enacted temporary tax surcharges in 2003 and 2009 that boosted rates on households with incomes of more than $ 300,000.

They did so because of uncertainty: not knowing whether Proposition 30, creating temporary taxes, would pass a year ago and not knowing what the Local Control Funding Formula would look like.

State money for K - 12 schools and community colleges is projected to slow to a trickle, starting in two years, when temporary taxes from Proposition 30 start drying up.

Long - Term changes have a far greater impact on consumer spending than short - term changes such as temporary tax rebates.»

The document also introduces a new, temporary tax credit for first - time charitable donations claimants to «encourage all young Canadians to donate to charity.»

House Republicans are moving to pass a one - year extension of temporary tax breaks affecting millions of businesses and individuals.

Under CBO's Alternative Fiscal Scenario — which assumes many of the 2017 tax law's expiring provisions and other temporary tax cuts are made permanent, the recent spending deal is extended so that most discretionary spending grows with inflation, and emergency funding for disasters is kept in line with its historical average — deficits will exceed the two - trillion dollar mark by 2028.

WASHINGTON (AP)-- In an almost annual ritual, Congress has passed a last - minute package of temporary tax breaks, sparing millions of businesses and individuals from unwanted tax increases just weeks before start of filing season.

American Recovery and Reinvestment Tax Act of 2009 (Division B, Title I of the American Recovery and Reinvestment Act, or ARRA) provided a number of temporary tax cuts designed to stimulate the economy, all of which were to sunset by the end of 2010 (Altshuler et al. 2009).

The temporary tax break attracted fast - growing tech companies to San Francisco's Mid-Market and Tenderloin neighborhoods by offering them an exemption from the city's 1.5 percent payroll tax in exchange for community work.

The proposal would give companies a temporary tax break for setting up profit sharing plans, which, as their name implies, share profits with workers when times are good through defined plans.

Many small businesses have definitely benefited from a temporary tax credit that allows some companies with fewer than 25 employees to write off 50 percent of the cost of their premiums.

An early taste of the sort of policy Flaherty prefers came this week, with his announcement of a temporary tax credit for small businesses to defray the cost of hiring new employees, a break available to about 525,000 firms with 25 or fewer employees.

The Bank's current assessment is that inflation as measured by either the CPI or underlying measures is likely to be in the upper part of the 2 — 3 per cent target zone, once these temporary tax effects have passed out of the calculation.

I posted recently as well about the possible merits of exercising vested stock options by the end of the year, in light of the temporary tax opportunity.

WASHINGTON (AP)-- Struggling to reach a long - term agreement, House Republicans plan to vote on a one - year extension of temporary tax breaks affecting millions of businesses and individuals.

WASHINGTON (AP)-- Banks, retailers, commuters and teachers will keep their temporary tax breaks for another year after Congress gave final approval Tuesday to a massive tax package affecting millions of businesses and individuals.

The most direct way to accomplish this would be to include in Budget 2018 a temporary tax measure allowing companies to immediately deduct the full amount of capital expenditures rather than amortizing those expenses over several years.

Prime Minister Shinzo Abe has advocated increases in government spending and temporary tax cuts to boost growth.

«A temporary tax credit would defray whatever costs there are.»

Wealthier New Yorkers would pay a higher rate than they did three years ago before the temporary tax hike, which expires this year.

The temporary tax cuts will end up increasing costs and reducing benefits for most everyone in NY...... except the top 1 %.

That protest was followed by a letter to Cuomo signed by 20 Senate Democrats that also voiced support for extending the temporary tax on the state's wealthiest residents.

They include an extension of a temporary tax cut for middle income earners, which would gradually be reduced to a rate of just over five percent for those who make $ 300,000 a year or less.

They include an extension of a temporary tax cut for middle income earners, which would gradually be reduced to a rate of just over 5 percent for those who make $ 300,000 a year or less.

Pataki, a Republican, had wanted the commission to recommend reducing the state's income tax, says he's now satisfied that a temporary tax surcharge on the wealthy will expire as planned in five years.