Sentences with phrase «federal tax overhaul»

It will include plans to ease the effects of the loss of the state and local tax deductions in the new federal tax overhaul.

This amount will increase quite substantially in 2018, thanks to the recent federal tax overhaul.

He says for workers who have to pay more in taxes under the new federal tax overhaul, this could help make them whole.

Some New York taxpayers may want to «postpone the pain» of the new federal tax overhaul by paying some of next year's local property taxes before Jan 1, Democratic Gov. Andrew Cuomo said Friday.

As residents in high - tax states brace for bigger tax bills under the recently passed federal tax overhaul, a New Jersey congressman is pushing local governments to adopt a strategy that could save homeowners thousands of dollars.

The Democrat said he'll urge lawmakers to consider restructuring the state tax system to soften the blow of the new federal tax overhaul enacted by Republicans.

ALBANY — New Jersey and Connecticut are joining New York in planning to sue Washington over the Republican - led federal tax overhaul, the Democratic governors of the three states announced Friday.

Three Democratic governors pledged Monday to do everything they can to stop the emerging federal tax overhaul — even sue.

Blumenthal says he and his fellow Democrats are trying to educate the public about what's in the bills in the hopes that some changes can be made before the GOP federal tax overhaul becomes law.

De Blasio and Murphy vowed to work together to rally against the GOP's massive federal tax overhaul that calls for the elimination of popular tax deductions — such as state and local property tax costs and student loan interest payments — which they argue will hurt middle - class taxpayers.

The proposed federal tax overhaul will reduce tax incentives for homeownership, potentially depressing the prices of Long Island homes with high property taxes and spurring demand for already - scarce lower - cost homes and rentals.

Heastie condemned the recently approved federal tax overhaul as an «unprecedented cash grab» from New York and says women's reproductive rights are «under attack».

FAIR LAWN, N.J. — As residents in high - tax states brace for bigger tax bills under the recently passed federal tax overhaul, a New Jersey congressman is pushing local governments to adopt a strategy that could save homeowners thousands of dollars.

On Tuesday the governor proposed an increased reliance on Payroll taxes in response the recent federal tax overhaul, which significantly reduces the amount of state and local taxes that can be deducted when filing federal income taxes.

Cuomo says he's also hoping to restructure the state's tax code to soften the blow of the new federal tax overhaul enacted by Washington Republicans.

ALBANY, N.Y. (AP)-- Some New York taxpayers may want to «postpone the pain» of the new federal tax overhaul by paying some of next year's local property taxes before Jan 1, Democratic Gov. Andrew Cuomo said Friday.

The State of the State message included 22 agenda items, including developing steps to crack down on sexual harassment, responding to the Republican - led federal tax overhaul, and, locally, the push for further review of the effectiveness of General Electric's cleanup of the Upper Hudson.

ALBANY, N.Y. (WBEN / AP)-- Some New York taxpayers may want to «postpone the pain» of the new federal tax overhaul by paying some of next year's local property taxes before Jan 1, Democratic Gov. Andrew Cuomo said Friday.

Starbucks plans to spend $ 250 million on new employee benefits, including a pay boost for domestic workers, in the wake of the federal tax overhaul.

Bank of New York Mellon reported a 37 percent rise in fourth - quarter profit, benefiting from a one - time gain of $ 427 million from the federal tax overhaul.

Among the less noticed features of the federal tax overhaul enacted late last year is a provision eliminating the deductibility of sexual harassment settlement payments and related attorney's fees if the parties agree to keep the settlement secret.

The Minnesota Senate is preparing to vote on its plan to cut income tax rates while matching the federal tax overhaul.

President Donald Trump's federal tax overhaul is a short - term boon for most states, but Oregon is set to miss out.

Florida Insurance Commissioner David Altmaier announced Tuesday he approved an average 1.8 percent decrease in 2018 rates as a result of the federal tax overhaul approved in December.

Cuomo is welcoming Maryland to the group of states vowing to challenge the constitutionality of the federal tax overhaul.

The measure would amend the state's tax law when it comes to how a taxpayer's income is calculated in order to avoid the state's tax burden increasing as a result of the federal tax overhaul.

A bill introduced Thursday night by Sen. Simcha Felder would change the state's tax law in order to address the federal tax overhaul that caps the amount of money taxpayers can deduct in state and local taxes at $ 10,000.

The federal tax overhaul passed in Congress and signed by President Donald Trump in December was a focal point for Cuomo's address.

The state's governor and senior senator teamed up Monday to urge New York's congressional delegation to oppose a provision in the federal tax overhaul plan that they say could be harmful to the state's taxpayers and economy.

The newly approved New York State budget includes a workaround for the partial loss of state and local tax deductions in the federal tax overhaul.

Mayor de Blasio parted ways with a key Democratic ally Friday by pushing ahead with a «millionaires tax» to fund the MTA — even if the federal tax overhaul is enacted.

Cuomo, along with governors of other high - tax states such as California, has railed against the provision of the federal tax overhaul that introduced an annual cap, of $ 10,000, on the deduction of state and local income and property taxes, known as or SALT.

DeFrancisco said the state's $ 4.4 billion projected deficit, combined with potential effects of the federal tax overhaul on New York, will make the next state budget the most difficult one in at least seven years.

Schumer and Cuomo called their press conference to denounce a federal tax overhaul plan that also could affect the state's budget.

Cuomo is expected to overhaul the state's tax structure in his budget as a way to mitigate changes in the federal tax overhaul that could harm some New York taxpayers.

The provision was included in the federal tax overhaul in December 2017.

Gov. Andrew Cuomo joined other New York Democrats in condemning the federal tax overhaul plan in the wake of Vice President Mike Pence's visit to western New York.

In addition, the LIA wants Congress to restore full deductibility of state and local taxes, or SALT, which was capped in December's federal tax overhaul.

Groups opposing the federal tax overhaul plan held a demonstration at the State Capitol Friday, chanting «kill the bill» and saying the measure is bad for New York and the nation.

When the federal tax overhaul law was signed by President Donald Trump in December, Americans lost their ability to deduct much of their state and local taxes from their federal tax forms.

Gov. Andrew Cuomo's budget director, Robert Mujica, outlines plans to offer a payroll tax credit and charitable fund to mitigate the effects of the partial loss of the SALT deduction in the federal tax overhaul.

Cuomo has been speaking out nearly every day against a proposal in the federal tax overhaul plan to eliminate state and local tax deductions from federal income tax filings.

The newly approved New York State budget includes a work around for the partial loss of state and local tax deductions in the federal tax overhaul.

The speech Wednesday in Albany is expected to touch on issues including public corruption and the federal tax overhaul.

New York Gov. Andrew Cuomo and the governors of New Jersey and Connecticut said they intend to soon file a multi-state lawsuit against the federal tax overhaul law over the partial loss of the deduction of state and local taxes.

The effort seems to have zeroed in on Republican members who voted in favor of the federal tax overhaul.

It's the second such conference call in three days for the Democratic governor, who is trying to rally opposition to the federal tax overhaul because it curtails the deductibility of state and local taxes.

Cuomo concedes that the best fix is to repeal the federal tax overhaul altogether.

The federal tax overhaul proposals also would adversely affect the state budget, as well as many taxpayers.

He said the governor proposes to decouple the state tax code from the federal government's, a move that would restore deductibility many New Yorkers stand to lose under the new federal tax overhaul.