Not exact matches
Schumer said he took a similar approach in 1986 when he was a New York House member and broke ranks
with Democrats who wanted to repeal the state and local
tax deduction (SALT) as part of a
broader tax reform package.
The president made clear that he still wanted a
broader deficit reduction agreement
with Republicans that included spending cuts, entitlement
reforms and increased revenue from eliminating some
tax breaks.
There is also ample scope for
reforming tax systems to deal much more effectively
with broader environmental and related problems that can be a significant drag on economic growth, such as the health and productivity impacts of poor air quality, and severe congestion of major urban centers.
Actually, I don't want to get into a long thread on carbon
taxes (Richmond's in front of Sydney), but my main point of difference is that you assume that any carbon price is necessarily a significant burden on an economy, but what if carbon pricing is part of a
broader tax reform agenda
with a shift in
taxes from, say, income and company
taxes to carbon pricing?
Australia has tried to get around this problem by subsidizing its relatively low carbon
tax with broader income -
tax reform — that is, the government is returning to consumers more money than is collected by the
tax.
«Considering the current political environment and where the process is today, it appears that achieving a truly
broad - based
tax reform package seems unlikely,
with the higher probability being a more narrow
tax cut program emerging,» he says.