Rule III Raise the Gasoline Tax

Fundamental tax reform must strengthen incentives, reduce distorting tax expenditures, and raise revenue.

Moreover, it is undeniable that such a tax would raise a great deal of money.

Tax hikes lower consumption and raise revenue in the medium term a 10 higher tax means about 7 higher revenue over the medium term.

A Tobin tax would raise the cost of short term finance, some argued, somehow missing the point that this is in fact the very purpose of a Tobin tax.

On the fiscal front, the shift from a complex system of state level indirect taxes to a national goods and services tax (a type of value added tax) will improve efficiency and raise revenue.

America must reform its tax code to raise revenue across a wider array of people and economic activity (half the US population pays no federal income tax, and the tax code either excludes or favorably treats many income sources).

But the economic and political attractiveness of a cap consists in its ability to raise substantial revenue without eliminating specific tax expenditures.

Reagan suggested that tax cuts would pay for themselves, i.e., actually raise revenue a notion that became known as supply side economics.

The Berlusconi government recently passed a budget bill designed to raise tax revenue and to bring the economy to a balanced budget by 2013.

Brown s ballot initiative this November would raise California s top personal income tax rate to 13.3 , the nation s highest.

When Kan led the DPJ in opposition, he avoided discussing any raise in the rate of consumption tax.

Although high oil prices look like a tax on business activity that depresses aggregate demand, they also raise inflation, both directly and indirectly.

Surely, such a tax will hit wealthy individuals and financial firms far more than anyone else, and, besides, it will raise a ton of revenue.

Other important legislation involved two measures to raise revenues for the Federal government tariffs (a policy with long precedent), and a new Federal income tax.

The best guess is that Japan will raise its value added tax, now only 5 , far below European levels.

The increased demand for Greek goods and services would raise Greece s GDP, increasing tax revenue and reducing transfer payments.

Indeed, the European Commission estimates that its proposed tax of only 0.1 on stock and bond trades, and 0.01 tax on derivatives, will raise more than 50 billion per year.

Corporate tax expenditures narrow the base, raise the cost of tax compliance, and distort decisions about investment projects, how to finance them, what form of business organization to adopt, and where to produce.

Just a year ago, former Prime Minister Yoshihiko Noda attempted, despite a deep recession, to raise the consumption tax without monetary easing a strategy that could have brought only continued economic stagnation.

Although Congressional Republicans rightly object to raising tax rates, they appear willing to raise revenue through tax reform if that is part of a deal that also includes reductions in the long run cost of the major entitlement programs, Medicare and Social Security.

To raise these extra amounts, the Obama administration could levy an excess profit tax on Wall Street to make up the budget gap.

It is time for an international tax on bank profits perhaps implemented as a levy on international financial transactions which would raise tens of billions of dollars each year.

Last year, when Japan s Diet passed the legislation to raise the consumption tax, it included a provision calling for the plan to be reevaluated if economic conditions required it.

A tax called a death tax is regarded very differently from a tax called an inheritance tax, even though the two are really identical.

This convergence has less to do with regulatory thinking on bank size or function than with a common need to play to the political gallery and raise more tax revenue.

Taxes. Obama would raise the top marginal tax rates on wages, capital gains, dividends, interest, and estates, especially on higher income individuals and small businesses.

It can also raise or lower the basic rate of income tax though by no more than 3 and levy charges, such as road tolls.

The Swiss have also been under EU and sometimes international pressure to reduce banking secrecy and to raise tax rates to parity with the EU.

Obama would raise the top marginal tax rates on wages, capital gains, dividends, interest, and estates, especially on higher income individuals and small businesses. Yet he has never proposed comprehensive reform of either the personal or corporate income tax.

Set at a very low level 0.05 is a commonly mentioned rate such a tax would raise hundreds of billions of dollars for global public goods while discouraging short term speculative activities in financial markets.

For example, we can choose how much to collect via a general income tax, a payroll tax, a consumption tax (such as a sales or value added tax), and so on.

So what else can eurozone governments do to raise revenue as their economies recover? Most economists favor finding ways to broaden the tax base for example, by eliminating special deductions and privileges in order to keep marginal tax rates low.

a Airstrip includes use tax, landing fee and passenger tax.

Perhaps it is time to try another approach a commitment by each country to raise the price of emissions (whether through a carbon tax or emissions caps) to an agreed level, say, 80 per ton.

Even if a country ran budget deficit because a cyclical downturn caused a fall in tax revenue and an increase in social transfers, it should be required to raise taxes or cut spending to restore a balanced budget.

Among the reforms will be tax policies aimed at boosting rural purchasing power, measures to broaden rural land ownership, and technology led programs to raise agricultural productivity.

But about half of the stimulus money spent to date is on the tax and transfer side, and about a quarter is direct aid to states, which enables them not to raise taxes.

These include the Maternity Immunization Allowance, a non income tested payment to encourage immunization of children and the Family Tax Benefit, which provides ongoing financial assistance to families to help raise their children.

A cap on the tax reductions derived from tax expenditures that is equal to 2 of each individual s adjusted gross income would raise more than 200 billion in 2013 if applied to all of the current deductions and to the exclusions for municipal bond interest and employer paid health insurance.

The Laffer curve embodies a tenet of supply side economics that government tax revenues from a specific tax are the same (nil) at 100 tax rates as at 0 tax rates respectively.

In contrast, a retailer has paid no tax on goods under a sales tax system.

Seriously, if you have a calculator with you, raise your hand, raise your hand.

But tax revenues in most developing countries are low, impeding progress toward more balanced, inclusive, and sustainable economic development that can improve public health and raise standards of living.

According to the GAO, 80 of state tax officials opposed a national sales tax as an intrusion on their tax base.