Sentence examples for eliminated deductions from inspiring English sources

That law eliminated deductions on interest payments on credit cards and on loans to buy cars and many other worldly goods, but continued allowing borrowers to deduct interest for loans on which their property was put up as collateral.

Home-equity loans exploded in popularity in 1996 as they provided a way for consumers to somewhat circumvent that year's tax changes, which eliminated deductions for the interest on most consumer purchases.

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.

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.

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.

If Mr. Boehner had used a calculator, for example, he would have discovered it is impossible to produce $800 billion in revenue from eliminating deductions without severely curtailing the deduction for charitable donations, which is vital to the nonprofit sector.

This camp generally advocates reducing tax rates in return for subjecting more income to taxation by reducing or eliminating deductions -- a step that would also make the tax system simpler.