scheduled tax

"A repeal of the scheduled tax cut would hit the economy at precisely the wrong time," he declared.

Florida cut about $1 billion from its $20 billion budget and suspended a scheduled tax cut.

Mr. Pataki does not like the scheduled tax cut and has said he will work with the Legislature to modify it.

Cutting health care benefits for the poor is never popular with Democrats, and raising taxes or putting off scheduled tax cuts are anathema to Republicans.

Mr. Schröder decided to postpone a scheduled tax cut by a year, arguing that more debt was a burden on the future.

B2 Harry Helmsley is unable to defend himself substantially in a scheduled tax evasion trial, said a medical report disclosed by a Federal judge.

That included hundreds of millions of dollars in new fees plus the deferral of $1 billion worth of scheduled tax cuts.

If no legislative change is enacted, scheduled tax revenues will be sufficient to pay only about three fourths of the scheduled benefits after trust fund exhaustion.

A major debate during the latter half of 2012 is whether or not to allow a series of scheduled tax cut expirations and spending cuts to take effect.

But he proposed eliminating 6,200 state jobs, including 3,900 layoffs, and again deferred a number of scheduled tax cuts, including a reduction in the personal income tax.

Through a combination of relatively modest steps, including some acceleration of already scheduled taxes and some reduction in the rate of future benefit increases, the system can be saved.

Congress will have to change the alternative minimum tax, but this makes the scheduled tax cuts much more costly in terms of their impact on the deficit than they now appear to be.

In an interview broadcast on a Binghamton radio station, WSBK, Mr. Cuomo said in response to questions about next year's scheduled tax cut: "What I would suggest?

That is because, he said in an argument calculated to get under the Governor's skin, the proposed tax cuts would not go as far as previously scheduled tax reductions that have been deferred year after year.

But when asked specifically by Representative Ken Bentsen, Democrat of Texas, whether he would support delaying the scheduled tax cuts by applying the trigger concept to them, Mr. Greenspan said no.

But he told State Senate Republican leaders last week that even he would not consider challenging Mr. Cuomo if the Senate goes along with the Governor and rescinds a scheduled tax reduction this year.

The unfunded obligation is the difference between the present value of the cost of Social Security and the present value of the assets in the Trust Fund and the future scheduled tax income of the program.

Faced with a queasy economy and the burdens of drugs and AIDS, Gov. Mario Cuomo of New York has begun to ask out loud whether the state can afford next year's scheduled tax cut.

Finally, for whatever credit they take for having voted for the cuts in their budget plan today, the Republicans are likely to be ridiculed for having conveniently neglected to vote on the delay of a number of scheduled tax reductions.

He noted that by the state's own projections, it will have a deficit of more than $4.5 billion in three years that will have to be closed with spending cuts, postponement of scheduled tax cuts or, perhaps, even tax increases.

Revenues must be raised, the report said, and argued that it could be done in ways that would do the least damage to the economy: delay scheduled tax cuts; introduce a combination of fees and charges for certain basic services, like garbage collection and bridge maintenance.

Those children, he said, should pay lower taxes than residents do today, and he vowed to help their parents and grandparents by continuing scheduled tax cuts and maintaining tax-subsidy programs like the STAR program, which pays local school district taxes for older homeowners.

Mr. Marino says he is only struggling to defend himself from the Republican right-wingers in New York State, whom he angered when he made a deficit-reduction budget deal that postponed a scheduled tax cut and imposed more than $1 billion in additional taxes.

Senator George E. Pataki, a Republican from Peekskill who plans to run for governor, said Mr. Cuomo's tax cuts are too small to make a difference, particularly given that the Governor and Legislature have rescinded larger scheduled tax cuts in each of the last four years.

But Mr. Cuomo also remains the man who has presided over a series of unpopular fee and tax increases, the deferral of scheduled tax cuts, a doubling of state university tuition costs, cuts in popular state programs and a freeze in the salaries of state workers.