Nor does it actually restructure the state tax code in any way designed to thwart the new federal cap on state and local tax (SALT) deductions.» (nystateofpolitics.com)
Finance Minister Bill Morneau sees the carbon tax as the most economically efficient way to drive emissions reductions, as opposed to some form of federal cap - and - trade system or emissions regulations on industry, sources say. (theglobeandmail.com)
Employers will also be given the option to shift to a payroll tax, a measure proposed by Gov. Andrew Cuomo as a workaround to the new federal cap on state and local tax deductions. (suncommunitynews.com)