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"This tax will increase costs".
The payroll tax will increase to 6.2 percent, from 4.2 percent.
Corporate tax will increase from 26%to28%8% and farmers will lose preferential tax treatment and fuel subsidies.
Rolling back the car tax will increase the state's projected budget deficit, now an estimated $10.2 billion, by $4 billion.
If the market price of carbon slumps, the Treasury's tax will increase to make up the difference.
The Curbelo proposal, like any carbon tax, will increase the price of energy-intensive goods such as electricity, home heating fuels, and gasoline.
Similar(32)
Taxes will increase on those perennial favourites, beer, cigarettes and fuel.
The taxes will increase to an estimated $3,675 a month from $2,778 a month, a 32 percent increase -- not a 132 percent increase.
The taxes will increase the price of junk foods – those high in saturated fat, sugar and salt – by 8%.
The task force was presented with eight financing plans, all of which assume that taxes will increase when construction starts.
Murphy says: 'Ideas for alternative taxes will increase now that income tax has been destroyed as a base for raising revenue.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com