2. New Yorkers are victims
3.
New York will sue to block Trump's tax reform plan if it passes, Cuomo says
BY Erin Durkin
NEW YORK DAILY NEWS
Tuesday, October 3, 2017, 4:55 PM
“We’re not going to allow this state to be attacked and assaulted grossly and unfairly,” Gov. Cuomo said.
“We’re not going to allow this state to be attacked and assaulted grossly and unfairly,” Gov. Cuomo said.
(Michael Noble Jr./AP)
BY Erin Durkin
NEW YORK DAILY NEWS
Tuesday, October 3, 2017, 4:55 PM
New York State will sue to block President Trump’s plan to stop taxpayers from deducting state and local taxes if it passes, Gov. Cuomo said Tuesday.
Trump’s sweeping tax reform plan includes a proposal that would end the deduction, which Cuomo says would amount to a tax hike for many New Yorkers who itemize their taxes.
“We believe the new federal tax plan, if it goes through, is double taxation, and we will sue the federal government if they do that,” Cuomo said at a press conference at his Midtown office where he decried multiple “federal assaults on the state of New York,” which also include health care cuts.
“We’re not going to allow this state to be attacked and assaulted grossly and unfairly,” Cuomo said. “We will sue on the deductibility provision if it stays in at the end of the day.”
N.Y. sent D.C. $41B more than state received in services in 2016
An analysis by Cuomo’s office predicted that in New York City, the 1.1 million residents who claim the deduction would see an average tax increase of $7,134.
Statewide, the change would result in an average $5,298 tax increase for the 3.3 million taxpayers who claim the deduction on their federal tax returns. In total, the impact would add up to $17.5 billion statewide.
The state has also threatened to sue over a variety of other controversial Trump proposals.
The state has also threatened to sue over a variety of other controversial Trump proposals.
(Drew Angerer/Getty Images)
People who take the standard deduction would not be affected.
“It is an attempt by the federal government, purposeful or coincidental, to make New York and several other states actually less competitive for businesses and people,” Cuomo said. “If you raise our taxes, you make New York less competitive.”
Cuomo slams Trump’s tax reform plan as ‘devastating for New York'
The state has also threatened to sue over a variety of other controversial Trump proposals, including the repeal of Obamacare which ultimately failed and Trump’s move to end protections for young immigrants brought to the country illegally as children.
https://www.nydailynews.com/new-york/n- ... -1.3539192