Sentence examples for eliminate deductions from inspiring English sources

Ms. Ross noted that to help close this year's gap the budget would temporarily eliminate deductions businesses can claim on losses.

Congress is working on an overhaul of the tax code that seeks to eliminate deductions and credits, including these tried-and-true programs.

Mr Lew would prefer anti-inversion measures to be part of a bigger reform of corporate tax, which would lower the top rate, thereby reducing the incentive to invert, and eliminate deductions.

Let me turn you over to Bob Borosage, the president of the Institute for America's Future, a progressive think tank, writing at Politico: "If you pledge to lower the top rates of the income tax, raise the rates on the bottom to one rate and eliminate deductions, then, as night follows day, the rich pay less and working and middle-class people pay more.

Neither group gives Mr Romney credit for his promise to pay for the cuts by closing loopholes, because he has specified none, though he has reportedly told donors he might eliminate deductions for rich people's second mortgages and for state and local taxes.Still, it would be difficult to pay for all his tax cuts simply by closing loopholes for the affluent.

Gov. Sam Brownback of Kansas, a Republican, proposed a major overhaul of the state's tax system that would lower tax rates but eliminate deductions and credits — including popular ones, like deductions for mortgage interest and charitable contributions and tax credits for poor families.

Neither report had much impact, because eliminating deductions and exclusions is politically treacherous.

Almost all revenue-raising proposals hinge on eliminating deductions, rather than raising marginal rates.

We will do this primarily by broadening the tax base, eliminating deductions for mortgage interest and state and local taxes.

Mr. Giuliani said that a central part of the proposal, eliminating deductions, would hurt taxpayers in urban areas and reduce tax revenues for populous cities and states.

A major topic under discussion is the Republican idea of lowering rates while eliminating deductions and loopholes, hoping to achieve a flatter, less complex tax system.