Sentences with phrase «version of the tax plan»

Senate Republicans pushed the latest version of their tax plan through early on Saturday.

Single Americans who claim the standard deduction would be able to reduce their taxable income slightly under both versions of the tax plan, in turn reducing their tax bill.

Members of Congress are working to reconcile separate versions of the tax plan passed by the House and Senate.

The House and Senate have passed their own versions of the tax plan, the largest overhaul of the U.S. tax code in more than 30 years.

And this is made clear when bond yields began climbing after the U.S. Senate's tax plan was revealed but the yen held its ground and only grudgingly weakened on some pairs, very likely because disappointment over the U.S. Senate's version of the tax plan

'' as saying that the U.S. Senate's version of the tax plan will be different and that one major difference is that corporate tax cuts won't be implemented until 2019.

For example, the Washington Post ran a story on Tuesday that cited «four people familiar with a draft of the legislation» as saying that the U.S. Senate's version of the tax plan will be different and that one major difference is that corporate tax cuts won't be implemented until 2019.

According to an analysis of the plans by Moody's Analytics, the nation's most expensive real estate markets could see significant declines in home values under both versions of the tax plan.

Not exact matches

WASHINGTON — The chairman of the Republican Study Committee, North Carolina Rep. Mark Walker, said Rep. Rodney Frelinghuysen should step down as chairman of the House Appropriations Committee for voting against the final version of the GOP tax reform plan that passed Tuesday afternoon.

The AMT will be partially kept in place, according to the latest version of the Senate tax plan, though its initial version proposed repealing the tax completely.

Last week, the House narrowly approved a Senate version of the 2018 federal budget, clearing the path for the Republican - controlled Senate to pass its tax reform plan later this year.

WHAT THEY DID: An earlier version of the Senate plan would increase deficits by roughly $ 1 trillion over 10 years, even when taking into account additional economic growth forecast with the tax cuts, the Joint Committee on Taxation said last week.

Previous versions of the Republican plan had only three tax brackets, down from the current seven, though the additional fourth bracket was mentioned as a possibility.

The U.S. House of Representatives approved the final version of a GOP - backed tax plan Tuesday that would overhaul the nation's tax laws for the first time in decades.

All versions of the Trump tax plan have included some type of break for «pass - through» businesses, so - called because their profits are passed through to their owners and subject to the personal income tax rather than the corporate income tax.

U.S. Senate Republicans» version of a tax cut bill will delay corporate rate cuts by one year to take effect in 2019, and will not include a repeal of Obamacare's individual mandate, Republican Senate Finance Committee member Bill Cassidy said ahead of the plan's release later on Thursday.

The U.S. House of Representatives easily approved the final version of a GOP - backed tax plan Tuesday.

• Senate and House Republicans must agree on a final version of their widely criticized tax plans before it can move forward.

Because of the raising of the standard deduction and other changes like the reduction of the SALT deduction only around 5 % of filers will itemize deductions under the new Republican tax plan, (7 million filers estimated in linked Tax Policy Center report, page 7, in analysis of previous House versiotax plan, (7 million filers estimated in linked Tax Policy Center report, page 7, in analysis of previous House versioTax Policy Center report, page 7, in analysis of previous House version).

The House version of the plan makes several changes to the tax code aimed at generating revenue by raising rates on higher education.

The latest development now is that Republicans in the Senate introduced their version of the tax reform plan, while their counterparts in the House of Representatives had already done the same.

The initial version of the Trump tax plan keeps the MID in place, but by doubling the standard deduction, reduces the number of households that will benefit from claiming the deduction.

The unveiling of the Senate plan, combined with a House committee vote to send a version of its bill to the House floor, is a step forward in the party's race to rewrite the U.S. tax code before year's end.

That reflects a compromise, as an earlier version of the Republican tax plan would have would have eliminated the ability for people to deduct their state and local tax payments from their federal tax payments.

House and Senate Republicans offered two different versions of no - tax - increase budget plans Tuesday that they insist can solve the state's projected two - year, $ 5 billion deficit without savage reductions in state aid to cities and towns and school funding.

But in a real way, controlling spending is linked to property taxes: Cuomo wants to use the planned surplus to help pay for a $ 1.66 billion property - tax relief plan that is his administration's version of the circuit - breaker program, which ties relief to a household's income.

Asked if he was reviving de Blasio's push for a tax increase on those earning $ 500,000 and more a year to pay for a city - wide version of the plan, Silver didn't deny it.

Schumer, who is Senate Democratic Leader, says while the tax plan has changed from the original version, 71 % of the deductions that now benefit state residents would be eliminated.

[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.]

The U.S. Senate early this morning passed a final version of the GOP tax plan, leaving Republicans and President Donald Trump within striking distance of the most sweeping overhaul of the tax code in decades and their top policy goal for the year.

Republicans working on their own version of an Obamacare repeal and replace bill in the U.S. Senate are debating whether to tax employer health plans, a move that would generate stiff resistance from companies.

Schumer, who is Senate Democratic Leader, says while the tax plan has changed from the original version, 71 percent of the deductions that now benefit state residents would be eliminated.

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.

Gov. Andrew Cuomo went to Utica today to renew his pitch for his plan, the second time in two days Cuomo has recruited local leaders to help him sell his version of the tax relief.

In response to the tax plan, Miner has said that she is considering running in 2018 against U.S. Rep. John Katko, R - Camillus, who voted in favor of the House version.

Different versions of the plan include provisions to either eliminate or scale back the deductibility of state and local property taxes.

The provision is no longer expected to be included in the final version of the tax overhaul measure that the House and Senate are planning to vote on next week, according to media reports.

Clinton fired back, calling Trump's tax plan an «extreme version» of trickle - down economics, which she says doesn't work.

From centrist Democrats who think that choice should only be limited to the expansion of public charter schools (and their senseless opposition to school vouchers, which, provide money to parochial and private schools, which, like charters, are privately - operated), to the libertarian Cato Institute's pursuit of ideological purity through its bashing of charters and vouchers in favor of the voucher - like tax credit plans (which explains the irrelevance of the think tank's education team on education matters outside of higher ed), reformers sometimes seem more - focused on their own preferred version of choice instead of on the more - important goal of expanding opportunities for families to provide our children with high - quality teaching and comprehensive college - preparatory curricula.

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.

Thumbnail of the 12/07/17 newsletter, 3 fixes for Congress's tax plan — full issue here http://conta.cc/2Bdhrbo; printable version here120717 Action of the week: Call your Senators and Representatives to demand 3 fixes for tax plan: oppose expansion of 529 accounts (vouchers, private school tuition tax break) restore deductions for property taxes put back teachers» supply incentive Tweet of the week: 3 fixes for Congress tax plan: 1) don't expand 529 private school tuition tax breaks 2) restore state / local tax... →

Plans to bring the tony truck here are still in the planning stages, but a recent report has indicated that Mercedes - Benz is considering locations here to built a version of the pickup in order to avoid paying the hefty border tax imposed on imported trucks.

To make matters worse for the higher - yielding Kiwi, global risk sentiment became bearish on Thursday and Friday, especially after the U.S. Senate's version of the Republican tax plan caused doubts to grow that much - awaited tax cuts will be implemented soon.

To make matters worse for the higher - yielding Kiwi, global risk sentiment became bearish on Thursday and Friday, especially after the U.S. Senate's version of the Republican tax plan

It appears some last - minute amendments have largely removed controversial provisions from the Senate's version of tax reform legislation that would have had a big impact on governmental 457 and nonprofit 403 (b) plan sponsors.

Under one version of the proposal, about 1 million families would be hit with a 4.3 percent surtax on income over $ 500,000, which would raise enough money to permit Congress to abolish the alternative minimum tax for millions of households earning less than $ 250,000 a year, according to Democratic aides and others familiar with the plan.

A downsized version of that plan — SB 6203, which would impose a $ 10 tax in 2019 and raise it by $ 2 a year to a $ 30 cap)-- passed out of a key Senate committee in February, on a 6 - 4 vote.

A version of this article appears in print on February 18, 1993, on Page A00018 of the National edition with the headline: CLINTON»S ECONOMIC PLAN: The Energy Plan; Fuels Tax: Spreading The BurPLAN: The Energy Plan; Fuels Tax: Spreading The BurPlan; Fuels Tax: Spreading The Burden.