35 Burst results for "Tax Revenue"
AGs from Kentucky, Tennessee sue over stimulus tax rule
"Two more states are suing the bite in administration over provision in the code relief bill that blocks them from using those funds to cut their state taxes the attorneys general of Kentucky and Tennessee both Republicans have filed suit against the treasury department and other agencies seeking to overturn a part of the one point nine trillion dollar relief package that bar states from using relief money to offset tax cuts they're seeking an injunction against what they call an unprecedented power grab by the federal government thirteen other states filed suit last week in Alabama federal court treasury secretary Janet Yellen when challenged on the provision told states they can still cut their taxes if they want they just can't use relief funds to offset the reduction in tax revenue if they change their laws Jackie Quinn Washington
New York is latest state to legalize recreational marijuana
"New York has become the latest state in the U. S. To legalize the recreational use of marijuana. The new law allows people to freely use cannabis in public spaces and those convicted of marijuana related crimes in the past. We'll have their records expunged. The move is also seen as having huge financial benefits to the state's economy. Business correspondent Katie Silver has more The New York state finds itself really struggling with the economic impacts of the covert 19 pandemic, and many of saying that this new legislation is a looking to improve that. So to give you an idea, Governor Andrew Cuomo's office is predicting that it could raise in the order of about $350 million a year in tax revenue as well as generating about 60,000 jobs. If we compare this to more established industries in the likes of Washington and Colorado, say where they have actually legalized marijuana almost a decade ago. They're they're making about half a billion dollars each year in tax revenues. So Governor Andrew Cuomo was hoping to break off a piece of that slice. Another interesting element to this legislation. Is that this actually going be business licenses. Set aside the black and Hispanic businesses. And that's because the state says that these people have bean historically disadvantaged as a result of the war on drugs. And I'm hopeful that this legislation could correct that New York is the 16th state in the U. S to now legalized marijuana for recreational use, And the interesting part is well on this fact, is that Many. For example, many neighboring states of New York, such as New Jersey and Massachusetts have become destinations for New Yorkers to go and buy their marijuana taking away funds from New York state, and this is something that Andrew Cuomo is hoping to
13 attorneys general sue Biden admin over stimulus tax rule
"Attorneys general from 13 States sued the Biden administration on Wednesday. Over a provision in the federal stimulus that bar's tax cuts from being offset with relief money. The filing and U. S District Court in Alabama asks judges to strike down the provision that prohibits states from using $195 billion of federal aid. You either directly or indirectly offset a reduction in net tax revenue. Restriction could apply through 2024. Treasury Secretary Janet Yellen is named in the suit earlier this month. She says states can still cut taxes as long as relief funds aren't used to cover for the
New York governor signs bill legalizing recreational marijuana for adults
"Empire State is going green. So to speak. New York Governor Andrew Cuomo has signed legislation legalizing recreational marijuana for those 21 older and the new law also automatically expunge is convictions for marijuana possession that would now be legal and directs 40% of pot tax revenue to communities of color that disproportionately faced. We'd charges New York City Mayor Bill de Blasio is a hugely important moment for the state of New York. So huge congratulations to the Legislature for a major major step to reform. New York is now the 15th state with legal recreational marijuana.
New York state legislature passes bill to legalize recreational marijuana
"New york's legislature has voted to allow recreational marijuana use and governor andrew. Cuomo says he'll sign the bill. As npr's brian man reports york stands to become the fifteenth state to take the step. New york's rwanda. Legalization law aims to help more people of color. Play a part. In the new legal pot industry it also funnels forty percent of marijuana tax revenues into neighborhoods. Hit hard by addiction and by high numbers of drug arrests assemblywoman crystal peoples stokes who co-authored the measure said communities of color have been crippled by marijuana. Criminalization aren't is crafted in a manner that is designed to help rebuild those lives those lives and those communities studies show black and brown new yorkers were targeted disproportionately by marijuana arrests. Tens of thousands of people are expected to have their felony drug convictions. Expunged
New York Lawmakers Expected To Legalize Recreational Marijuana
"15th state along with the District of Columbia to legalize recreational marijuana. State lawmakers are expected to vote on that later today. Officials say they hope to create a regulated industry with tens of thousands of jobs while ending racially biased drug arrests. NPR's Brian Mann reports. Police across New York State still arrest hundreds of people every year for possessing small personal use amounts of pot studies show people of color are far more likely to be prosecuted for marijuana possession. Senator Liz Krueger, a Democrat from Manhattan, says her bill will end that. I think it's a huge change. We're going to be a sponging the criminal records. Of tens of thousands of people. Governor Andrew Cuomo says he'll sign the measure. His office estimates annual tax revenues from legal pot sales could eventually reached $350 million a year with his many as 60,000 jobs. Cougar says the law directs those benefits to neighborhoods hit hard by addiction and high arrest rates. 40% of the revenues That will come out of the taxes from legal marijuana will go right back into those communities that were harmed by the drug wars. Critics of this bill acknowledge pot legalization is unstoppable. Sandra Doorly is a Republican prosecutor who heads the New York State District Attorneys Association. We understand that It's going to be reality. Doorly worries The measure doesn't give police clear authority to deal with motorists impaired by marijuana. If you legalize marijuana, and you stop someone who you believe is impaired, you know, how were we going to be able to prove it? Democrats agree It's hard to detect motorists impaired by marijuana, and they're backing new research to develop better roadside cannabis tests. Recreational use of marijuana remains a federal crime. Brian Mann
Final bill introduced to legalize marijuana in New York
"Since late February vote could come as early as tomorrow to legalize recreational marijuana in New York state. Under this deal in Albany, those 21 older would be able to buy up to three ounces of weed. People would also be able To grow a small number of marijuana plants at home, and there would be an expungement or re sentencing. For those with the marijuana conviction. Melissa Moore is with the drug policy alliance. This bill would actually lock in community reinvestment from the candidates tax revenue to the communities that have been the hardest hit by criminalization. The deal estimated to bring in 350
New York lawmakers agree to legalize recreational marijuana
"Cuomo and State legislative leaders say they've agreed on the specifics of a bill to legalize adult use of marijuana in New York. The legislation would permit anyone 21 or older to purchase cannabis from a distant land recreational use. The bill would create a new regulatory agency and the governor's office says the adult use program would generate more than $350 million in annual tax revenue. State senator in long time. Legalization advocate Liz Krueger says she's almost ready to celebrate. I'm very excited. We got to hear. I think it's the best building entry. I needed to pass both houses. And be signed before it's real Tuesday is the Sooners state lawmakers could vote on the measure, which was officially introduced last night.
What the Deal to Legalize Marijuana Means for New Yorkers
"Cuomo reportedly struck a deal yesterday. To begin the process of legalizing recreational cannabis for adult use. In New York state proponents contend that opening the state up to legal weed will create an industry that will generate tens of thousands of jobs and billions of dollars in tax revenue for the state. Yesterday's agreement specifically addresses the punishing toll that the uneven enforcement of low level marijuana offenses in the state has had on poor black and brown communities. It includes a provision to re invest millions in tax revenue generated from cannabis sales. Into these communities, and the state plans to set aside a portion of business licenses for people of color and women. Now, these plans have generally not produced the intended equity results. In other legal weed states. So can New York do better? What are the terms of the agreement? Why now? And when will you be able to walk into a store and buy some with me now on these questions, and more is Alice and Martin, co founder of Cannabis Wire, a news organization covering the cannabis industry nationally and globally she's been described as the queen of the we'd beat. And she's monitoring the legislative proceedings in Albany. Very closely. Hi, Alison. Welcome back to W. N Y. C. Hey, Brian. Thanks for having me. I always love coming back and let's start with that basic last question first, if this does pass next week. When can people walk into a store or I guess they'll be called dispensaries and buy marijuana products illegally. Well, you know, I don't have a crystal ball like anyone else. But I would say Ballpark at least a year, maybe two years. It takes time to get the market up and running. It takes that much time. Well, rulemaking. Of course, that's that's really the sort of sausage maker after bills passed, then you know a lot of lot of heads, get into the room and figure out sort of the nitty gritty details. Will there be any
Yellen: New spending will require more tax revenue
"Says the government will need more revenue to pay for trillions of dollars in infrastructure and other spending the biden administration is considering raising taxes on corporations and higher income earners at her congressional testimony yesterday yellen told lawmakers that in the short term more borrowing is fine to pay for a pandemic relief. A do over for
U.S. city to become first to pay reparations to Black residents
"The green light to the initial payments of the city's first in the nation Reparations program, Alderman Robin Rue, Simmons says This is just the start. We all know that the road to repair and justice in the black community is going to be a generation of work. It's going to be many programs and initiatives and more funding. The City Council approved a plan last night to direct $400,000 from the reparations fund to a housing program that will award eligible individuals up to $25,000 eligible residents or those with ties to the city's black community. Between 1919 1969. The money can be used to help buy a home. Hey, a mortgage, A war for home improvements. The $10 Million Reparations fund is funded their marijuana sales tax revenue. Federal
COVID-19 Relief Package Includes Billions For Transportation Sector
"All right how often did you fly. Or maybe the trainer buster in the pandemic. Yeah the transportation sector has been hit hard but anyone who rides in trains planes or automobile should benefit from the one point nine trillion dollar cove relief package. Npr's david schaper reports. It was a year ago this week. The us what unlocked down highways and airports were suddenly almost deserted. People travelling overseas scrambled to get flights home at mass transit. Trains ran nearly empty in the virginia. Suburbs of washington. Dc forty six year old. Sandra vigil had been driving buses packed. with sixty. to seventy people are more. We ended up taking towards the end of march. He was like one two people per ride. If you had any people at all last march twenty ninth vigil says she about ninety five percent of her loudon county. Transit co workers were furloughed. Her's lasted four and a half months and unemployment wasn't enough to make ends meet. A lot of fail behind are not rental car payments. Because he was either eating or paint a car or paying the rent and thing they lakeville transit systems across the country so ridership plummet ninety percent or more in revenue fell with it yet. Mass transit is essential especially for many low wage workers. Again bus driver. Sandra vigil in order to keep the buses running and to keep us working. We needed this money. The relief bill includes thirty billion dollars for transit. It also includes one point seven billion dollars for amtrak enough to bring twelve hundred furloughed employees back to work and restore daily service on long distance routes and there's funding to help states continue fixing crumbling roads and bridges offsetting. They're lost gas tax revenue as for airlines. I have fantastic news year. That's american airline ceo. Doug parker in a video message to employees about the plan which includes another fourteen billion dollars payroll support. That's good news for the thirteen thousand american employees who were facing furloughs april. First so if you have one of those worn out notices we sit out in february. Tear it up. There aren't going to be any furloughs at american airlines in april and with vaccinations on the rise. Hopefully never again. Ceo parker says the last three weeks have been the airlines best. Since the pandemic hit with bookings and passenger volumes up that's happening at other airlines too so much so that after months of hemorrhaging tens of millions of dollars a day the ceo's of delta and united now expect to reduce their daily cash. Burn two zero this month or next while southwest is on track to break even by june. Of course that's relatively easy to do. When tax payers are essentially covering much of your payroll airlines have now received more than fifty billion dollars in federal payroll grants since the start of the pandemic. This was hugely important. And as a pilot for american airlines at spokesman for the pilot's union. The last thing i wanted to be is on our heels when everybody was ready to get back. Flying tiger says if pilots had been furloughed. They need weeks. If not months of training before being able to fly passengers again. You do not want to be staring at the recovery and turning around and seeing the flight deck empty. Because you weren't able to train. The pilots quickly. Enough joe sweet. Herman transportation professor at chicago's depaul university. Says this government aid is crucial is pretty clear that the airlines were such a desire straight federal assistance and a big way we would have lost an airliner to sweden and says the federal aid helps airlines amtrak transit agencies and highway departments continue critical operations while adapting to a post covid world a world that will likely lead to more operational changes in the near.
Solar farm to boost tax revenue in Indiana county as coal plant closes
"Schaefer coal coal-fired power plant in jasper county. Indiana is scheduled to shut down in two years when it does about thirty percent of the county's tax base will vanish kendall culp. Jasper county. commissioner says the closure poses difficult questions for local leaders. What does county government look like without your largest taxpayer. Will you be able to provide the same services. Can we still provide public safety in response. Good response time for emergency services and that sort of thing to make up for the lost tax revenue. The county is working hard to attract new businesses and encourage growth new clean. Energy development should provide a boost a solar developer and the local utility are planning to build a massive new solar farm in jasper county called the dunns bridge solar project when complete it will span about five thousand acres. It will also include battery storage. The project is expected to be fully operational around the same time that the coal plant closes. Were excited it coincides very well with the shutdown of schaefer so as jasper county moves away from coal solar can help supply both a new clean renewable source of electricity and tax revenue to support community services.
US budget deficit hits record $1.05 trillion after 5 months
"The US government's budget deficit has had an all time high the treasury department reports the federal deficit hit one point oh five trillion for the first five months of the budget year that's October through February government spending to cope with the corona virus pandemic searched at a pace far above an increase in tax revenue the deficit was sixty eight percent larger than the same period last year it easily surpassed the previous five month high of six hundred and fifty two billion that was set in twenty ten when the government was spending to try to lift the country out of the Great Recession the Congressional Budget Office has projected the deficit for the full budget year will reach two point three trillion but that does not include the one point nine trillion covered relief measure just passed by Congress Ben Thomas Washington
Biden's First U.S. Jobs Report Shows Challenges Ahead
"Graham spoke, President Joe Biden got an economic briefing from Treasury Secretary Janet Yellen and other top administration officials. President spoke about the aid bill being considered by the Senate and also the Labor Department's February jobs. Report. 379,000 Jobs added the unemployment rate down a tick to 6.2%. They job report shows that the American rescue plan is urgently needed. In our view, our economy still has 9.5 million fewer jobs had this time last year. At that rate, it would take two years to get us back on track. We have one million fewer educators, one million fewer educators that we did this time last year, we've lost 400,000 small business. This is all those empty storefronts. Aren't you shattered dreams? There are warning lights that's going off the state local budgets better beans stretched because lack of tax revenue and some last month job growth is result of the December relief package without a rescue plan. These games are going to slow. You can't afford one step forward and two steps backward. We need to be Virus provided essential relief and build an inclusive recovered. People need help. Now, unless than two weeks enhanced unemployment benefits will begin to expire for 11 million people. At least seven million kids don't have enough food to eat regular basis. 13 million people are behind in the rent on the rescue plan is absolutely essential for turning this around. Getting kids back to school, safely getting old. Lifeline, a small business and getting the upper hand. I'm covert 19. That's we're gonna be talking about now. So I thank you all for coming on in. Thank you.
CBO expects federal debt to double over next 30 years
"The Congressional Budget Office estimates persistent budget deficits will cause the federal debt to double in size over the next thirty years the government's relied on borrowing at low interest rates to help during a financial crisis but as the economy heals the office is forecasting that interest rates will rise and so will spending and this is excluding president Biden's one point nine trillion dollar cope with relief proposal the CBO predicts publicly held debt would equal one hundred two percent of this year's gross domestic product but fast forward three decades and the accumulated debt would grow to two hundred two percent of GDP on the plus side the budget office foresees higher payroll tax revenues and forecasts that social security has another year to twenty thirty two before it's trust funds are exhausted Jackie Quinn Washington
The Biden Relief Bill: Who Gets What
"Okay. Who is getting. What in the biden. Bill perio first up is what most adults in. The country are going to get a one time payment of up to fourteen hundred dollars. This is the single biggest part of the bill. And here's where the bill stands. Now if you made less than seventy five thousand dollars either last year or the year before you will get the full amount fourteen hundred bucks beyond that if you made between five thousand and eighty thousand dollars you get a smaller amount and if you made more than eighty thousand dollars you will not get one of these checks for married couples who file their taxes together. The cutoff for getting a check is a combined. Income of one hundred and sixty thousand dollars in these checks are both the biggest and the most universal part of the bill. The exact amount of money that your household will get does depend on a few things in addition to your income. Like whether you have kids or other dependents but even so roughly eighty to ninety percent of all households in the us are gonna get checks for some amount of money and the hope is that people will spend that money to help boost the economy so next step people who are getting money in the stimulus bill. The unemployed four hundred dollars per week on top of what they would normally get from their state in unemployment benefits when there isn't a pandemic and that extra four hundred dollars. A week will last until nearly the end of august and there's a lot of people still claiming unemployment benefits each week almost nine times as many people as a year ago right before the pandemic started. That's more than nineteen million people claiming those benefits right now and a big part of the reason why there are so many is the government has expanded the range of people who can qualify for these benefits during the pandemic and the reason unemployment benefits matter for the overall economy. Is that the allow people to continue spending money while they are between jobs paying their rent buying groceries buying school supplies for their kids yet without the extra four hundred dollars. Unemployment benefits would only replace less than half of a workers lost income on average but with the extra four hundred dollars from the stimulus bill. These benefits will be replacing more than eighty five percent of the lost income for the average unemployed worker up state and local governments. What they're going to get from the bill so tax revenues for a lot of state and local governments have just deride pandemic and some of them have been forced to cut back on services that they typically provide like garbage collection law enforcement mental health and addiction treatment services and a bunch of others state and local governments have also had to lay off one point three million workers especially a lot of workers in public schools teachers administrators janitors. It's one of the hardest hit sectors of the labor market so this bill provides three hundred and fifty billion dollars for state and local governments. And actually that might end up more money than state and local governments lost during the pandemic three hundred and fifty billion dollars is above the range of estimates for how much money state and local governments will have lost through next year. But it's also true that some states and local governments are in worse shape than others and so one of the big debates in the senate is over just how to allocate this money between different states and cities. And we're gonna pass here for a second because if we stop right here just right now out of the cost of those three things that we have discussed the checks that go out to almost everybody. Stimulus checks the bigger unemployment insurance benefits and the money that goes to state and local governments. That is the biggest part of the bill. Roughly half of it around a trillion dollars is going to go to those three things combined yet and there's all kinds of interesting and important stuff and the rest of the bill to so. Here's a few more that we definitely think are worth mentioning. Starting with what parents are gonna get. Yes so parents are going to get an extra fourteen hundred dollars for each of their children and this includes adult children who parents list as their dependence. Yeah so if you are. A family of four people say to spouses and two kids. The total amount. You're gonna get in those one time. Checks is up to fifty six hundred dollars. But that's not all. The bill also increases the size of the child tax credit for one year. So parents will now be able to offset their tax bills by thirty six hundred dollars for each kid under the age of six the really young ones and by three thousand dollars for other kids who are not yet adults bottom line take that same family of four and let's say both parents make less than seventy five thousand dollars each year and let's say their two kids are very young. They're toddlers that family could get a total of nearly thirteen thousand dollars in checks and tax credits because of this bill. Okay and now. Let's look at what schools are going to get kindergarten to twelfth grade. Schools are gonna get roughly one hundred and thirty billion dollars but maybe what's most interesting is what that money is intended for. Yes so this money is not for textbooks. It is for things that make it easier for schools to reopen and operate during the pandemic. So things like improving ventilation buying more personal protective equipment and even changing the shape of a classroom so that social distancing between students is easier next up. The bill includes tens of billions of dollars for loans and grants to businesses and the industry. That's going to get the single biggest amount in grants. So that's money that does not have to be paid back is bars and restaurants yup bars and restaurants. They can prove they lost money. Last year will be eligible for up to ten million dollars each in grants and the bill has set aside a total of twenty five billion dollars for eateries and watering holes and restaurants. And though that is the most any industry is getting in this bill. Some perspective is important here last year. Bars and restaurants lost about a hundred and forty five billion dollars sales from the year before. It's a twenty percent decline and there are still nearly two and a half million fewer jobs in bars and restaurants than before the pandemic and this year knock on wood will not be as bad because people are getting vaccinated. Covid cases are coming down and more of the country is reopening still. That is a huge hole to dig out of
21 Republican governors attack Biden's COVID-19 stimulus bill for 'penalizing' their states
"Taking aim at one component of the covert 19 relief bill, arguing that a proposed allocation of money does punish those states that did not full Lockdown businesses during the height of the pandemic. The governor's led by South Carolina's Republican governor, Henrique Master issue a statement that criticizes what they call a biased formula used to decide how much money in direct aid each state receives. The Democrat who joined that list is Kansas governor Laura Kelly. The American rescue plan does propose $350 billion in direct a two state and city governments money that would be used to replenish those tax revenue collections that decline during the pandemic. Now he Here's the issue. Most of the funding for each state would be based on its unemployment figures, not overall population, so states were the most citizens were out of work last year would receive a greater share of money. Meanwhile, on the Senate floor Republican leader
"tax revenue" Discussed on Bloomberg Radio New York
"Cannot be raised by then i'm i don't think there's any doubt that they will be some who threatened not to raise the debt ceiling uh if they don't get what they want i remember the freedom caucus douse freedom caucus the ultraconservative just done that uh the number of times over the last couple of years saying they they they don't lie down on the tracks and went to treatment over them for the raise the debt ceiling now that's a tough position for them take this year given if they just voted day increased operating debt by wandering there trillion dollars with the uh with with the tax bill but um i i think that that i've been saying this for weeks to act with the markets we we need to we worried about which is if there if congress in the president are having trouble with nuts and bolts bills like appropriations and the budget and what happens when you get to the debt ceiling and they just dislike the bill would begin with so um i i think we need to expect some sort of cliffhanger type situation with the debt ceiling that'll be even worse than it was for this the this first shutdown of what would there could be many the economy's better our tax revenues going up a compared to what tommasi you know is the logical question um look with just voted to lower revenues uh economic growth economic growth is not that much higher than we had anticipated before the tax cuts um so under those circumstances where the higher revenues coming from and in fact the deal yesterday cut taxes further by another thirty one billion dollars for several months know that uh the odds that another surge window you wants to take it all solid yeah so um revenues you're not going up in it's almost certainly get an increased deficit the that deputy deficit to over a trillion dollars a year starting now well starting it uh and do every year through the trump administration however long memorial the six harder i did not go that that's where we love having you out a bit from the new slow thirty one billion large disappears tax revenue said counter thank you so much he is at the.
"tax revenue" Discussed on WCTC
"Tax revenue coming in from that so what are they look to tax bought sure and attacks the new thing everybody's running out to get it they're not they're going to at at at first at least they're not going to care as much but eventually they'll settling in the black market will come around again and and boom there you go not everyone can pay the higher prices people who are disabled or on fixed incomes may now turn to the black market by the way uh this is a definition of first world problems if people on fixed incomes may have to pay a higher price for marijuana and therefore uh we'll turn to the black mark when people are by from the regulated business estate is getting zero taxes you know i love for years we need to legalize marijuana and tax it so it relegalised that scott tax ain't it well that's that's the thing is that you'd have you they thought if they could just get beyond the hurdle that wasn't god doesn't matter i'll pay a little more will you're not going to be a little more you'll pay with the state the side you're going to pay tout works izzo omitted know how minutes great part member just be a little more just at a couple of sense yeah had no they painted engine all they need to do is just tax it a little no get a bunch of money what's a little what do you mean tax a little who taxes a little i'm gonna taxes a little no i just you're reading here from mother new york times uh uh you know they talk about uh you know how andrew cuomo uh fired one of the first shots when he signed an executive order the belette new yorkers prepaid their 2018 property taxes in 2017 before the new deduction cap takes effect uh but an indication of the hard road ahead for democrats internal revenue service issued guidance this is last wednesday limiting the.
"tax revenue" Discussed on KFI AM 640
"To be some kind of tax revenue goldmine for the state of california or as the state of california already screwed the pooch on the revenue stream model for legalising the marijuana that more coming up it is john and ken show brain suits viligant gave i am 640 more stimulating talk tall kost hd 2 los angeles orange county 24hour news more stimulating talk with pot laws i'm debra mark live from the four hour kfi news from the california highway patrol is warning drivers to take care with legalised marijuana just like they would with alcohol siege be officer jonathan slowed says just because there's no breathalyser test for marijuana officer still know how an impaired driver you can look at the states that have legalize it and they seen that uptick in collisions at fatal collisions so it's definitely a concern for us officials are using the slogan dr high get a de why several unions will fight to organize tens of thousands of we'd workers now the recreational pod is legal experts say cannabis in california is already a twenty two billion dollar industry and could employ about one hundred thousand people pot workers of organized in other states the state has one of the country's highest minimum wages and the largest number of unionized workers several new laws are taking effect across california including the sanctuary state policy and an increased minimum wage starting today most workers must be paid a least eleven dollars an hour or 1050 if they worked for a small business a couple of new laws affect guns online ammunition sales are now banned unless the ammo is picked up in person from an authorized dealer and school workers are banned from carrying concealed weapons and prisoners who are serving life without parole for crimes committed his juvenile's canal apply for release after 25 years doctors say there is no real cure for that new year's hangover but that doesn't mean you can't try and associate professor at penn medicine says hangovers affect nearly every oregon so there's no magic cure but you can't start by drinking
"tax revenue" Discussed on News-Talk 1400 The Patriot
"Gonna do as a result of this phyllis we're going to have smaller deficits and our democratic friends um their head explodes when i say that but the fact is a very modest thump in economic growth is going to generate more than enough new federal tax revenue by virtue of being able to tax the bigger economy then the revenue that we forego out when you when you look at us on a purely static basis the republicans get one more fifty one boat bill they passed the budget in 2018 that means you get one set of reconciliation struck shins i am hoping you use that to remove the sequester from the department of defense but not the cavs from domestic spending what do you expect that fifty one vote measure to be about senator to me well i think health care is social on your issue look i i believe that we need to devote more resources to our defense budget and we do not need a commensurate increase in nondefence domestic discretionary spending i don't think we can use the reconciliation mechanism is the process for achieving that because they just the whole appropriation process that's always been a 60vote process and all of us were willing to revisit those rules i don't think we can solve all that by using the budget i really appreciate when i talked with these center when we talked last time about the college tuition uh becoming taxable income you went back and you fix that and i appreciate your being willing to listen to stuff like this because getting rid of that sequester and dod they cannot do longterm purchases they can't build a threat and fifty ship fleet operating on continuing resolution than oko addons it just doesn't work that way now there's no question i think there's increasing evidence that uh look for endangering our own our own men and women by not providing them with the tools that they need the training that they need to we've been underfunding too much of our defence for too long coming up talk about the unheralded destination of isis in the middle ring if you look.
"tax revenue" Discussed on The Renegade Republican with Dan Bongino
"And ask your liberal friends to show you where tax revenue went down they can't it never happened it went up it went up dramatically matt after one of them not after sixty four but after 81 but after eighty six that of 9692 does one that if the two thousand three after all of them it went up after all of them all l l meaning all conclusive meeting every one now getting back to the email and i should have said this yesterday the reason i didn't address congressman tim ryan's silly ridiculous non factbased hyperbolic manipulative potentially deceptive lying statement that we are going to have to borrow might hit that kind of sums it up agitate who is the reason i had it been addressed his nonsensical statement about how we're going to have to borrow money to pay for a tax cut was because i assume that you're listening you understood that we have never ever had to borrow money to pay for a tax cut in the history of the united states we've actually raised more money had at it it what what how do you borrow money to pay pay for a tax cut that raises more buddy folks is that make any sense at all now if tim ryan whose i think was the saving you attach italy wanted to be intellectually honest that he has no interest in that is smart guy he just like the i'm sorry he's just not telling you the truth aures dumb and i don't believe i don't believe he's down my mom not call the guy dump because he's not i know he's not he's is lying view fee wanted to be intellectually honest what he could have said joe.
"tax revenue" Discussed on WLOB
"To help the economy while you take that family of 300 and 24 million people here you take the average family average working family um that's a lot of money injected back into the economy bitter in their hands in the garage absolutely and sold as we all know that has a multiplier effect there's a lot of good things are going to happen out of this we're seeing i won't say robust but we're certainly seeing much greater economic growth if this can spur that even further than we make it back to the kind of growth this country needs to see so that all american families can prosper and that's one behind this no it's not enthusiasm we him of theirs by consumers and the comfort levels minnows setting i haven't seen since the eighties yeah it is it is um i'm excited about it i remember going through the reagan years and i remember what a marvellous time that was it was in a grossly live of of where in a much different situation as as a country now we owe 20 trillion dollars i don't personally believe this is going to add a trillion and a half dollars to luggage eds an unfair yeah i just don't believe age i think the economy a martin you and i talked about it right out of the gate here a robust economy will naturally dr tax revenue and i think part of it is to that you don't end up modeling the corporate tax rates a when when you when you model that deficit you you say okay now they pay 35 percent and in the future they're going to pay twenty one will actually now they don't pay thirty five percent today found a way around it so yeah the big guys adult a et yeah they are paid it anyway yeah exactly so i i mean what we should do and then i did did yeah if we were actually on asked and that's a.
"tax revenue" Discussed on The Renegade Republican with Dan Bongino
"And ask your liberal friends to show you where tax revenue went down they can't it never happened it went up it went up dramatically not after one of them not after sixty four but after eighty one that after '86 none of 9692 there's one that if the two thousand three after all of them it went up after all of all he l l meaning all conclusive meeting every one now getting back to the email and i should have said this yesterday the reason i didn't address congressman tim brian's silly ridiculous non factbased hyperbolic manipulative potentially deceptive lying statement that we are going to have to borrow money kind of sums it up agitate who it is is the reason i had it been dressed his nonsensical statement about how we're going to have to borrow money to pay for a tax cut was because i assume that you're listening you understood that we have never ever had to borrow money to pay for a tax cut in the history of the united states we've actually raised more money how had did what what what have you borrow money to pay pay for a tax cut that raises more buddy folks is that make any sense at all now if tim ryan whose i think was the saving you attach donnelly wanted to be intellectually honest that he has no interest in that is smart guy he just like you i'm sorry he's just not telling you the truth aures dumb and i don't believe i don't believe he's down my mom not call the guy dump because he's not i know he's not he's is lying view fee wanted to be intellectually honest what he could have said joe.
"tax revenue" Discussed on WJNT 1180 AM
"This is going to pay your pension because guess what there are very few if any pension accounts that are fullyfunded so you are dependent as a public sector pension beneficiary now or in the future you are dependent on that tax flown of people relocate that could have a dramatic impact on that tax revenue flow another group that should be wary of this as municipal bond investors because municipal bond investment quality is going to matter more than ever it's going to matter tremendously going forward because it could be costly it could be detrimental to municipal bond issuers and those are the words of the s p raiders could be costly and detrimental to municipal bond issuers to have the situation you have right now where people are incentivize to relocate out of high tech states and certainly lays the foundation for a systemic distress in state and local financing and i'm talking school districts as well absolutely including school districts they are funded by local tax money so it's going to result in quite a sea change in the way money changes hands it's going to affect a municipal bond issuers that are dependent on revenue that may decrease it's going to affect public sector pension recipients today and in the future dependent on tax revenue that may decrease it's going to have a lot of ramifications and it's something to be well aware of our toll free lie one eight hundred ninety three four twenty two twenty one that is our contact number.
"tax revenue" Discussed on WDRC
"That's what historically has hampered so i think you will see some people relocate some people will vote with their feet the ones that have the ability to do so when they look at these numbers i think some people will relocate to lower no tax states and another group that should be wary of this would be anybody that's getting a public sector pension if you're getting a publicsector pension or if few plan to get a public sector pension remember your pension income is dependent on tax dollars flowing to you in that though missile in that tourists diction maybe it's a state baby it's a city whatever it is maybe it's a county whatever it is it is tax payer revenue this going to pay your pension because guess what there are very few if any pension accounts that are fullyfunded so you are dependent as a public sector pension beneficiary now or in the future you are dependent on that tax flown of people relocate that could have a dramatic impact on that tax revenue flow another group that should be wary of this as municipal bond investors because municipal bond investment quality is going to matter more than ever it's going to matter tremendously going forward because it could be costly it could be detrimental to municipal bond issuers and those are the words of the s p raiders she could be costly and detrimental to municipal bond issuers to have the situation you have right now where people are incentivize to relocate out of high tech states.
"tax revenue" Discussed on KSFO-AM
"Tax kit situation in kansas had everything to do with explosives spending and a poorly designed tax reform that it had anything to do with actual tax policy as conservatives would have had it that it was a mess it had nothing to do with the governor he wanted to control spending out there the rhinos out there and the democrats teamed up to spend the boatload of money it added what to do with inc federal stimulus spending and assuming that would it be their new baseline and a future liberals love to point out kansas but they never point out texas or florida she notice that and by the way they don't point out that in kansas by the way their unemployment rate went down they are very competitive in the region now that's even after what i think everybody can acknowledge was not the best design tax reform in human history and by the way uh kansas have pretty much recovered but that's the only thing they have i asked him one simple thing one thing please tell me where they've cut taxes and the tax revenue was down earlier they can't respond how hard is that just like go to the interweb if you're so confident oh man i know what you guys you calls upon that might have been like the greatest call ever because it is that's what liberals do all right i got a lot more to get their wanted to thurbers net neutrality think to folks this is a total scam don't be a soccer nothing neutral about net neutrality and definitely do not be a conservative sucker for this thing either howard reducing the government into the internet to solve any problem is quite laughable i'm telling you it is a.
"tax revenue" Discussed on Black Agenda Radio
"Fifty cents in lost tax revenue so we actually have a public interest we publicly subsidize these individuals private charity agendas and then you have a gates foundation that at can put his thumb on the scale on education policy on global agricultural policy uh healthcare policy it it mid sometimes they may be do the right thing but it's just wrong that some one interest her family should have so much power and not only do these billionaires have vast powers as a class but there are so many of them that they can pick and choose candidates we saw in 2016 previously old flux of candidates each of which seemed to have one or two billionaires trump telling them you know i think one of the reasons that the republican field was able to keep these whatever their ten or eleven candidates at one point that just kept going like be the energizer bunny they didn't they didn't have to drop out and why was that is because you only needed one real billionaire patron to keep your election going your campaign going and if that billionaire said well i you know i want you to to continue to stay in the race so that you can represent my perspective on taxes or on uh you know how the economy should work they essentially you know kept those candidacies alive you know in in the past if a candidate wasn't popular with the voters at some point they had to drop out now all you have to be as popular with the billionaire clearly it seeks political accidents console that kind of capital tower but these billionaires control both slowed the corporate political parties i would say one thing i find somewhat heartening as people are not necessarily falling for that i mean here here we have this tax plan that is really being pushed through by the powerful corporations and the wealthy.
"tax revenue" Discussed on KBOI 670AM
"I this is a burger booty yo you you think obviously the landlords of new yorker pay a high high freight of the income tax revenue and they're getting that money for these exorbitantly high rents right while wrench called capitalism evident yeah but i'm an argument with their life my point is i don't think it's landlords that are paying the gigantic percentage of freight i think it's wall street people uh okay okay i didn't know that purely repairing until but it's not how wrong i mean everybody how to pay it or whatever new york and it's not weren't talking about we're talking about thirty seven thousand five hundred people who pay fifty percent of the total new york city not state we're talking new york city tax revenue now yeah i don't doubt that rents are sky high i used to live there in paved them i know exactly that but i don't think it's just landlords ripping people off the running up and then i think it as a lot of people on wall street or making gazillions of money in the tech sector especially and they are paying of a percentage but you're you're being contentious with me for for for no reason here i'm not what what does that mean what fat mean i how center is major arguing with me for no reason they're i haven't i haven't criticised anything you've said her racket on i everyone admit pepper call because cap away i'm in amman yet shot i watch you guys on tv i written to sean i watch on i mean blame me i am a conservative but the only point all right to make peace rush is now eight people are paying attack who've been inevitable way the mighty capital as an cooper paying prepare and contribute with reminding preparing okay let me let me i needed clarifying question are you upset about that or not that's why can't tell pattani your voice our no no no i'm not fact at all now not in a little bit now i'm just saying that he hit how the world hour it's called capitalism people pay bill people paid bear bells people pay beyond here that's how the roads around carrying parents by gag i agree with that what we have here is female logic in the ah in the minds of a guy and that's why the it france i i.
"tax revenue" Discussed on SuperTalk WTN 99.7
"They're giving away rich tax attacked regular rich consider those a the cutting they're cutting spending for the middle class when in fact they're spending more they did this with the medicare debate back in the mind these they do it every time you turn around and now you look at san brand name of the rest of these folks they're poohpooh in this budget in the rest of little want the tax cuts they don't want the 'cause they want more well they don't understand though because it to stop it or too stupid is that if they want more revenue they're going to get more revenue by cutting taxes is counter intuitive especially if you're a liberal but if you understand what cutting taxes does than it makes perfect sense because when you cut taxes you leave more money in the pockets of individual tax payers in one of the me with a moaning whether in in in more cases and not going to spend it and when they spend it that means the economy grows which means the jobs grow which means that salaries increase which means the tax revenue increases because people are making more and therefore they're paying more taxes that it's a long walk around for a liberal to be beauty numbers than i mean it's just it does not compute and it has never competed with him but every time we've done this dating back to the 1920s probably before but we don't have good records on that but certainly dating back to the 1920s when they did this to stimulate the economy in the early 1920s because they had yearoveryear revenue in the early 1920s that was going down yearoveryear revenues going on so what they.
"tax revenue" Discussed on Let's Talk Bitcoin!
"Uh in the of course that leads to a drain on the economy as is cops just parasite money out of people but when it's going with the flow of traffic that matters and that improve safety conditions on roads in so both a literally by not obeying speed limits in by simply be smart a going with the flow of traffic which most people do instinctively uh although otherwise you're actually benefiting society or like with cannibus if cannabis were legal a you'd have a flourishing of better health a mental and physical health and uh you know you'd have more tax revenue not that i want that they should tax it uh but they're going to anyway he you'd have happier healthier people and the but it's against the law to consume to own to distribute to sell whatever cannabis in so by a not obeying the law uh you're actually benefiting mankind in that regard again i'm not in a suggest to you disobey the law but i'm just simply making a statement of fact that you cannot dispute and so my point is again that i guess getting back is that just because someone is illegal hoard unquote under legal immigrant doesn't it mean that that's bad doesn't mean that they're bad person they're just coming here to have a better life in the they don't ask for much i mean admittedly most of them aren't a terribly skilled at least at first and is not like they're gonna be uh starting tech companies or something but the work that they do still very important and you will have your houses or your bureau near gardens without a lot of these people or mexican food i mean in the literally are below the just like with the asian food uh you have a lotta chinese in the actually even the vietnamese immigrants who start these restaurants ember youth excellent food uh that's authentic or sometimes a mix of authentic in in sort of historical american asian fusion whatever but um not to go on to allow all i'm saying is.
"tax revenue" Discussed on CFR On the Record
"And we are not have really assuming uh anything significant i mean okay we have downgraded the probability of a of a tax cuts to below fifty percent it's so possible but it just seems less less likely to us even if it were to happen we dealt would make that much of a difference i mean the sort of numbers that one might see if it if it did happen would be perhaps half a percent of gdp in terms of the level of reduce tax revenue a and and perhaps increase increase spending in in in a few places that if the spread over a couple of years and if the if the multipliers relatively low was i think i brought it probably would be we'd be talking may be a tenth or two tents at the most address of additional growth in two thousand eighteen as a rebecca let's bring the fed into this pictures the weather hits at a time when both in leadership in personnel times and in policy terms the fed was in a tricky position on his stand fishes earlier than expected departure means that you've got a postive people actually in those seats in terms of fed governors do you think this does to weigh on the market the sense that you've got three out of seven governors that at the time when they have to think about uh you know complications from the weather but more more significantly and the whole question of tapering wish they're going to bring up at the meeting next week.
"tax revenue" Discussed on 860AM The Answer
"To begin to control that deficit by producing more tax revenue what we've got to get the deficit under control before we can start to talk about how we can work it down and we must work at down because this september it will come up to about eighty five percent of gdp we are not a good credit risk in other words and we're giving other countries too much power over us by holding so much such of our debt and primarily there we're looking at china at a time when we really need china to exercise if control over north korea they can exact a price from us because we've been profligate spenders and yes we need to reform entitlements we got to finally have that conversation the socalled it's an excel spread cheap there isn't any money in that block box anymore but the socalled social security i trust fund will be and i'm using little air quotes bankrupt in twenty twenty two it's time that we need to resolve not just healthcare but the overall entitlement program and bring it forward from 19th 65 toward 2050 and i shudder to think ladies and gentlemen what happens to this economy if congress cannot meet those commitment that it made both as democrats and republic kim's in the 2016 election i shudder to think how the economy will react in 20 18 if we don't get tax reform infrastructure strategy deficit control and some beginning discussion about entitlement reform and that probably going to come from some sort of small improvement on obamacare and we'll be back in just a few minutes to talk about what crafting legislation through regular order.
"tax revenue" Discussed on KKAT
"I've read all the newspaper stories i've seen books and read them on the prohibition and we all know what an epic failure that was so they'll never do that but if it was really all that bad and they would make them illegal but the never going to do that but that's not the main reason they won't do it the read the main reason they won't do it is because any the count on the money the money is earmarked for things the money is earmarked for education so if they want their education system in many cases not all but many cases to be funded they need people by segreant their infrastructure depends on the tax revenue coming in from cigarette so if you don't want potholes in your roads people smoke cigarettes do bigger infrastructure projects guess what you got to do this figure out a way to deceptively or somehow back handedly get people to smoke more cigarettes that's what it comes down to snub brain surgery it's not complicated so what i want to know from you if you think nationwide given that it would save all these lives two hundred fifty thousand fewer premature deaths 45000 fewer lung cancer deaths on my god it's like a holocaust do you think we should raise the smoking age the minimum smoking aged to 21 nationwide because it will save lives two hundred fifty thousand of them it will cause a stop lung cancer forty five thousand fewer cases my god how can we not and again given those statistics you have to wonder why they even make a leap of course the reason being again the money but do you want the a at the the the the smoking age the minimum smoking age to be raised to twenty one eight four four three four four 24 23 that's eight four four dig chad because because they need the money and again you keep falling back on that argument which is always there always happens with the.