Claim: Rick Scott Says his tax and fee cuts will save households "$540 over two years.
Verdict: REFUTES

Retrieved passages:
title: Mike Ross (politician)
text: time as allowed by the state's finances. The total price tag of the restructuring would cost an estimated $574.5 million, according to the Arkansas Department of Finance and Administration. Ross said his tax cut plan, when fully implemented, would cut income taxes by as much as $465 for incomes at $30,000; $665 at $40,000; $880 at $50,000; and, $1,148 at $75,000 and up. He proposed mimicking Gov. Mike Beebe's phase-out of the sales tax on groceries as his blueprint for restructuring the tax code. Ross said, "I want to modernize our income tax code in a way that means lower,

title: Deficit reduction in the United States
text: years. President Obama proposed during July 2012 allowing the Bush tax cuts to expire for individual taxpayers earning over $200,000 and couples earning over $250,000, which represents the top 2% of income earners. Reverting to Clinton-era tax rates for these taxpayers would mean increases in the top rates to 36% and 39.6% from 33% and 35%. This would raise approximately $850 billion in revenue over a decade. It would also mean raising the tax rate on investment income, which is highly concentrated among the wealthy, to 20% from 15%. Allowing the Bush tax cuts to expire at all income levels

title: 2015 Canadian federal budget
text: proposes to extend the measure until 2024, reducing government tax revenues by up to $360 million a year. The budget proposes to close a loophole used by financial institutions on derivatives contracts, that the government estimates will generate as much as $365 million in the current fiscal year and $1.24 billion over the next four years. Banks would no longer be able to claim an income-tax deduction on dividends paid by Canadian companies under certain derivatives contracts. These "synthetic equity arrangements" have the "potential to significantly erode the Canadian tax base" according to the budget document. The government will save

title: Kevin Brady
text: of households in 2018 would pay "more" in taxes and by 2022, one quarter of households would pay "more". Brady's claim that 70% of the tax cuts in the bill would go to households making below $200,000 was found to be "misleading" by FactCheck.Org and "cherry-picked" by PolitiFact. FactCheck.org noted that "57.7 percent of the tax relief goes to those families making less than $200,000 in 2019 — not the 70 percent that Brady cited for 2019. By 2027, 50 percent of tax relief as a result of business and individual income tax changes would go to those making more

title: Robert Byrd
text: approval by Congress of 35 billion to 40 billion of the 48 billion in proposed budget cuts while having more difficulty in passing his tax-cut package, asserting Democratic opposition and some Republicans having misgivings about the approach as the reason Congress would block the plan and furthering that he would be surprised if a one-year-cut in rates lasted more than year. Byrd opined that it was time for "some tax reform" that would see loopholes closed for the rich dropped to bring in revenues and expressed belief in the likelihood of the administration dismantling existing energy programs: "Energy programs are

title: Sam Brownback
text: cut individuals' income tax rates. The first phase of his cuts reduced the top Kansas income-tax rate from 6.45 percent down to 4.9 percent, and immediately eliminated income tax on business profits from partnerships and limited liability corporations passed through to individuals. The income tax cuts would provide 231 million in tax relief in its first year, growing to 934 million after six years. A forecast from the Legislature's research staff indicated that a budget shortfall will emerge by 2014 and will grow to nearly 2.5 billion by July 2018. The cuts were based on model legislation published by the

title: United States fiscal cliff
text: service costs. On December 3, 2012, Speaker John Boehner proposed a Republican plan that included $2.2 trillion in deficit cuts over a decade. Revenue would be generated mainly by reducing tax expenditures (exemptions and deductions) rather than increasing income tax rates. Further, it included raising the Medicare eligibility age from 65 to 67 and slowing increases in Social Security costs by reducing cost-of-living adjustments. On December 18, 2012, Boehner announced that a new "Plan B" would be taken up by the House. This plan would raise tax rates for those who earn over a million dollars. However, by December 20,

title: Canadian Taxpayers Federation
text: costs, and for being a "regressive tax". In 2008, Premier Ed Stelmach abolished the tax, which had previously brought in $900 million to the province's general revenue fund. The tax cut saved individuals $528 and families $1,056 on average. Starting in 1997, CTF worked to put an end to what was called "bracket creep," where tax brackets were not released indexed to inflation. This resulted in numerous Canadians being bumped up to a higher tax bracket, despite not being any wealthier in real terms. The organization launched a national campaign to fight this practice both federally and provincially. The campaign

title: Economic policy of Donald Trump
text: had been in place in 2005 (the one recent year in which his tax returns were leaked), he would have saved $31 million in taxes from the alternative minimum tax cut alone. If the most recent estimate of the value of Trump's assets is correct, the repeal of the estate tax could save his family about $1.1 billion. Treasury Secretary Steven Mnuchin argued that the corporate income tax cut will benefit workers the most; however, the nonpartisan Joint Committee on Taxation and Congressional Budget Office estimate that owners of capital benefit vastly more than workers. Economist Paul Krugman summarized what

title: Marco Rubio
text: Senate Republicans, who said that the increase in sales tax would disproportionately affect the poor. So, Rubio agreed to smaller changes, and Crist's proposal to double the state's property tax exemption from $25,000 to $50,000 (for a tax reduction estimated by Crist to be $33 billion) ultimately passed. Legislators called it the largest tax cut in Florida's history up until then. At the time, Republican anti-tax activist Grover Norquist described Rubio as "the most pro-taxpayer legislative leader in the country." As speaker, Rubio "aggressively tried to push Florida to the political right," according to NBC News, and frequently clashed with

title: National Commission on Fiscal Responsibility and Reform
text: those above $250,000, the estate tax and Alternative Minimum Tax would continue at 2009 levels, the Medicare physicians pay freeze would continue and war spending would decrease based on current administration policy. The final plan was broken down into six major components (savings are 2012–2020): The plan also proposed an additional $673 billion in savings, due to lower projected spending interest payments as a result from lower deficits. The plan released on December 1, 2010, fell short of a supermajority on December 3, with 11 of 18 votes in favor. Voting for the report were Bowles, Coburn, Conrad, Crapo, Cote,

title: Mitt Romney
text: next two years and over $300 million for his term. He did so in the face of conservative and corporate critics who viewed these actions as tax increases. The state legislature, with the governor's support, cut spending by $1.6 billion, including $700 million in reductions in state aid to cities and towns. The cuts also included a $140 million reduction in state funding for higher education, which led state-run colleges and universities to increase fees by 63 percent over four years. Romney sought additional cuts in his last year as governor by vetoing nearly 250 items in the state budget;

title: Donald Trump
text: child tax credit, doubled the estate tax threshold to $11.2 million, and limited the state and local tax deduction to $10,000. The reduction in individual tax rates ends in 2025. While people would generally get a tax cut, those with higher incomes would see the most benefit. Households in the lower or middle class would also see a small tax increase after the tax cuts expire. The bill is estimated to increase deficits by $1.5 trillion over 10 years. Trump adopted his current views on trade issues in the 1980s. Trump has been described as a protectionist because he criticized

title: Political positions of Marco Rubio
text: spending reductions, such as by increasing the eligibility age for Social Security and by reducing Medicare spending. Using static assumptions and dynamic scoring, the proposed tax cuts would increase the after-tax income of the top 1% of earners by 12-28%, the top 10% by 6-20%, the middle 10% by 2-16%, and the bottom 10% by 44-56%. Rubio later updated his proposal to add a 25% tax bracket, so that the individual tax rate would be 15% for those earning less than $75,000 annually, 25% for those earning between $75,000 and $150,000 annually, and 35% for those earning more than that.

title: Economic policy of the George W. Bush administration
text: 2001 and 2003, the Bush administration instituted a federal tax cut for all taxpayers. Among other changes, the lowest income tax rate decreased from 15% to 10%, the 27% rate went to 25%, the 30% rate went to 28%, the 35% rate went to 33%, and the top marginal tax rate went from 39.6% to 35%. In addition, the child tax credit went from $500 to $1000, and the "marriage penalty" reduced. Since the cuts got implemented as part of the annual congressional budget resolution, which protected the bill from filibusters, numerous amendments, and more than 20 hours of debate,

title: Bush tax cuts
text: $2.65 trillion in foregone tax revenue plus another $0.66 trillion for interest and debt service costs. The non-partisan Pew Charitable Trusts estimated in May 2010 that extending some or all of the tax cuts would have the following impact under these scenarios: The non-partisan Congressional Research Service has estimated the 10-year revenue loss from extending the 2001 and 2003 tax cuts beyond 2010 at $2.9 trillion, with an additional $606 billion in debt service costs (interest), for a combined total of $3.5 trillion. In late July 2010, analysts at Deutsche Bank said letting the Bush tax cuts expire for those

title: Political positions of Jeb Bush
text: economic growth. Bush's plan would cut federal income tax rates across the board, but wealthiest taxpayers would enjoy the largest tax cuts, although the wealthiest taxpayers would get lower benefit in terms of the tax reduction percentage, and in terms of being dropped from the income-tax rolls altogether. A "New York Times" analysis concludes that the plan "would reduce the effective income tax rate on filers making $10 million or more per year to approximately 21 percent, down from 26 percent in 2013, the most recent year for which data are available." A Tax Foundation analysis determined that the greatest

title: Domestic policy of the Stephen Harper government
text: tax cuts over five years including $14 billion in corporate tax cuts by 2012 (or a drop of 33%), accelerated their promised further 1% drop of the GST (to 5%) and increased the basic personal tax exemption to $10,100 per year by 2009. The lowest personal tax rate was reduced from 15.5% to 15% retroactively effective 1 January 2007, reversing the rollback effected in the 2006 budget. During the Throne Speech in 2007, Harper also addressed issues surrounding the economy because of difficulties in the manufacturing and forest sectors due to the loss of numerous jobs at several companies including

title: Bush tax cuts
text: the CBO and Joint Committee on Taxation, federal taxes would have increased by a total of $423 billion in 2013, if the tax cuts had been allowed to expire. The non-partisan Tax Policy Center estimated that for 83% of households in the U.S., there would be an average tax increase of $3,701 and The Heritage Foundation stated that those impacted by the tax cut expiry are primarily in the middle- and low-income groups, with its research finding that families would experience an average tax increase of $4,138. According to the Center on Budget and Policy Priorities, the expiration of the

title: Governorship of Rick Perry
text: Critics contended that Perry inflated these numbers; the actual tax savings, some sources said, would average only $150 per family in the first year, and $1,350 over a three-year period. In 2004, Perry proposed a number of tax increases to pay for public schools, including a tax on strip clubs. The "pole tax" idea went nowhere until 2007, when the Legislature approved a $5 per patron fee. The measure subsequently became tied up in litigation as the adult entertainment industry sued citing performers' First Amendment rights. In 2003, Perry signed legislation that created the Texas Enterprise Fund to enhance the