(Worthy News) - New York Gov. Andrew Cuomo said Wednesday that he will sue the federal government over the recently passed tax law, which he said was unfair to his state and unconstitutional.
"Washington has launched an all-out, direct attack on New York State's economic future," Cuomo said in his "State of the State" speech to state lawmakers, according to the Washington Post. "It is crass. It is ugly. It is divisive. It is partisan legislating. It is an economic civil war. Make no mistake: They are aiming to hurt us."
At issue for New Yorkers is the $10,000 deduction cap for income, sales and property taxes, also known as the SALT deduction. About 90 percent of New Yorkers who use SALT have incomes of more than $100,000 per year, according to the Tax Foundation, which is almost twice the median state income. [ Source: UPI (Read More...) ]
Copyright 1999-2017 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.