Tax deductions

Governor Cuomo calls on US to repeal SALT tax deductions in the North Country | WWTI

NEW YORK (WWTI) – Gov. Andrew Cuomo called on the federal government to repeal state and local tax deductibility that was passed by former President Donald Trump, calling it “the first double taxation in US history. this country “.

Governor Cuomo said SALT is aimed directly at democratic states and has hit New York harder than any other state.

By the way, everyone promised, promised – what is the politicians’ promise worth – everyone promised when Trump did that, it was an outrage and they would repeal it and they would repeal it immediately. Senator Schumer, state and local tax deductions are the foundation of middle class deductions, they help stabilize the cost of many middle class families should not be eliminated or even reduced.

Governor Andrew Cuomo

“New York pays more because of SALT, and New York has already paid more than any other state in the United States. Governor Cuomo said Wednesday. “Every day that SALT is not repealed, it costs us $ 33 million.”

Governor Cuomo explained in more detail how SALT affects the North of the Country.

“Even the conservative and extremely conservative Republicans in the north of the country. It is a form of double taxation for hard-working families in the north of the country.

Governor Cuomo ended this part of the press conference by stating that if SALT were repealed then “taxes would be lower than they have been for the past four years.”

“It would be a huge immediate economic boost for New York.”

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