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Msg. 41433 of 47202 |
January 4, 2018 NY's Cuomo Will File Lawsuit Against GOP Tax Bill, Says It Wages Economic Civil War Against Blue States
by Matt Vespa New York Governor Andrew Cuomo is not a fan of the GOP’s tax bill that was signed into law on December 22. He likened it to economic civil war. He pretty much said that it robs blue states to help finance tax cuts in red states. Oh, and it’s the most partisan legislation he’s ever seen. He also argued that it would make it harder to New York to attract businesses. He plans to file a lawsuit (via The Hill):
The new tax law caps the state and local tax (SALT) deduction at $10,000, which has been a particular concern for elected officials in New York and other high-tax states. Prior to the New Year, Cuomo went on CNN and told host Alisyn Camerota that this bill is nothing short of economic civil war against blue states (via RCP):
"One of the really devilish things in the bill, is they eliminate the deductibility of state and local taxes, which sounds like a mouthful, but what it says is up until now, for over 100 years, you paid a state tax, you paid a local tax, you deducted that from your federal tax. They're eliminating that. So you're now paying two taxes -- you pay a tax to the state, or a tax to the local government. And then the federal government taxes that tax," the governor explained. First of all, for the governor who said that conservatives are not welcome in New York, the charges of partisanship are rich. Second, your state was 49th out of 50 in the State Business Tax Climate Index from the Tax Foundation, making it one of the worst for business. Only New Jersey did worse. As always, it seems the Democrats are trying to use the courts to push their agenda, or in this case, trying to repeal a law they thought would never pass Congress. On health care, yes—that’s a safe bet. There are divisions abound in the Senate GOP, as we’ve seen them trip up multiple times on that issue. On taxes, Republicans are quite uniform as to what that should look like in legislation. We’ll see how this fares in court. In the meantime, 80-90 percent of American families will be receiving a tax cut. Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months |
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