The most important issue facing the Batavia Public Library District concerns the recent tax swap
referendum narrowly approved by voters.
Politicians would surely understand that hiking tax rates on those sources whose rates were reduced in the tax swap
, as well as on carbon, would deliver more revenue for expanding government.
Gunn's proposal is a watered down version of a tax swap
proposed earlier by Rep.
So even in the short run, the tax swap
offered to middle-income families--bigger standard deductions in exchange for lost exemptions and itemized deductions--makes the president's middle-class-tax-cut claims an empty promise.
Some claim this tax swap
will lift the financial burden off individual British Columbians and place it on businesses.
Total positively affected counties from the tax swap
represent 40 percent of the U.S.
City, Austin school board look to save millions with tax swap
plan, Austin American-Statesman
There are several types of bond swaps including quality swaps, yield swaps and tax swaps
. We'll focus on the tax swap
and explain how it reduces an investor's federal income tax liability.
A revenue-neutral "tax swap
'' is a conservative, free-market approach where every dollar raised through a new tax on emissions would be 100 percent returned to taxpayers.
This is why such prominent conservative economists as Kevin Hassett, Glenn Hubbard, Greg Mankiw, and Art Laffer have expressed support for a carbon tax swap
. (The way this philosophy has manifested itself on the state level is in ongoing efforts, primarily driven by Republicans in places like North Carolina, to reduce or eliminate income taxation in favor of expanded sales taxes.)
Nearly two thirds, 63 percent, opposed the governor's tax swap
proposal, which eliminates state income taxes but increases sales taxes, while only 27 percent supported the plan.