State lawmakers are pushing de Blasio to move faster on a promise to take on a property - tax overhaul, saying many residents are already being financially hurt
by changes to the federal tax code.
Trump's proposal includes the most
sweeping changes to the federal tax code in decades but leaves many important questions unanswered, including how to pay for the estimated $ 5.8 trillion in tax cuts.
The leader of the state Senate on Thursday threw cold water on Gov. Cuomo's proposal to impose a new payroll tax to
offset changes to the federal tax code that places limits on state and local deductions.
According to this article, a mounting state deficit and
expected changes to the federal tax code are handing lawmakers their toughest choices in the seven years that Gov. Andrew Cuomo has been New York's leader.
SPECTRUM NEWS VIDEO: State Sen. Mike Gianaris said
following changes to the federal tax code, lawmakers need to find a way to rework the state tax code to benefit middle - class taxpayers and offset any negative impact of the new US tax law.
Hundreds of local residents took advantage of an executive order by Gov. Andrew Cuomo allowing taxpayers to make advance payments on their 2018 property taxes
before changes to the federal tax code restricts tax deductions.
New York state lawmakers are pushing Mayor Bill de Blasio to move faster on a promise to take on a property - tax overhaul, saying many residents are already being financially hurt
by changes to the federal tax code.
The Trump administration proposed the most
sweeping changes to the federal tax code in decades, outlining a framework that would cut individual and corporate taxes, eliminate widely used exemptions and deductions and tilt the U.S. closer to the type of tax system embraced by other industrialized nations.
Those changes to the federal tax code were designed to make the local taxes that fund public schools less politically palatable to voters.
New York State Comptroller Tom DiNapoli warns of a «problematic» budget season, as the state faces a structural deficit,
changes to the federal tax code, and uncertainty over continued funding from Washington.
The business owner could then deduct the payroll tax from the company's taxes, which is still allowed under
the changes to the federal tax code.
The business owner could then deduct the payroll tax from the companies» taxes, which is still allowed under
the changes to the federal tax code.
The High Value Health Plan concept that the pair proposes would require
a change to the federal tax code, to give health insurance companies more flexibility in designing HDHPs.
Even as the state faces a potential recession and
changes to the federal tax code, California Gov. Jerry Brown (D) made significant investments in the state's child welfare and juvenile justice systems in the first version of the state's 2018 - 2019 budget.
Even as the state faces a potential recession and
changes to the federal tax code, California Gov. Jerry Brown (D) made significant investments in the state's child welfare and juvenile...