Sunday, January 21, 2018
Who is the real problem here?
From CBS 2:
New York state Gov. Andrew Cuomo is doing whatever is necessary to protect New Yorkers from increased federal taxes.
As CBS2 Political Reporter Marcia Kramer reported, Cuomo also answered critics who charge that governor should start at home by cutting state taxes.
On Wednesday, the New York State Tax Department issued a report offering a raft of workarounds. They include:
• Restoring the deductibility of real estate and local taxes on New York returns.
• Increasing the state’s standard deduction;
• Changing the income tax to a payroll tax;
• Allowing taxpayers to make charitable contributions to the state instead of paying taxes.
And if the IRS tries to stop him, Cuomo said he would fight it.
“If we come up with a way not to pay, I’m sure they’ll attack it and they’ll challenge it – and I have no problem with that,” Cuomo said to Kramer. “I’m a Queens boy. I don’t back down, Marcia – you know that. You know me a long time.”
But there are those who say that instead of focusing on the loss of the so-called SALT issues – the deductibility of state and local taxes – Cuomo should also get his own house in order and cut spending and taxes on the state level.
(Dear Andy: Please stop reminding us that you are a product of Queens. Thank you.)