Republican Congressman Tom Reed, a member of the House Ways and Means Committee helping to
draft federal tax legislation, is rejecting early analysis the framework of the plan disproportionately helps the nation's wealthiest population.
Under federal tax legislation, «Long Islanders are already facing a significant economic loss which will cost residents billions in taxes due to lost income tax deductions,» Mr. Thiele said.
How ironic are the letters and a column from state Democrats taking to task Rep. John Faso, R - Kinderhook; Rep. Elise Stefanik, R - Willsboro; and others for voting against the
recent federal tax legislation.
Mitchell Kane, a professor of tax policy at NYU Law School, said courts have basically shut down constitutional challenges to
federal tax legislation on grounds of differential treatment across citizens, absent discrimination based on some protected class.
«This is nothing short of extraordinary... getting 227 members to agree on something as complicated»
as federal tax legislation, said House Speaker Paul Ryan (R - Wis.)
More recently, the tax group has devoted substantial time to bringing business owners up to speed on the recently -
enacted federal tax legislation and helping clients resolve the increasing number of fiduciary claims within trusts and family businesses.
The quarterly bump was largely due to a $ 75 million benefit from recently passed
federal tax legislation.
Gov. Andrew Cuomo last week said he is eyeing an overhaul of the state's tax code in response to
the federal tax legislation.
His rationale for a good part of the spending plan focused on combating the new
federal tax legislation.
Gov. Andrew Cuomo's promised effort to repeal and replace
the federal tax legislation took a step forward on Monday with the release of a TV and digital media campaign to push back against the law.
The state Senate on Tuesday approved a bill that changes the state's tax laws as part of an effort to soften the blow of
the federal tax legislation.
Cuomo is moving toward a payroll tax in response to
the federal tax legislation approved in December, which caps state, local and property tax deductions at $ 10,000 — impacting high - tax states like New York.
New York Democrats launched an advertising campaign to push back against
the federal tax legislation.
The federal tax legislation President Trump signed last month curtails the deduction that many depend on in high - tax states like New York.