Sentences with phrase «federal tax plan»

She followed many of the budget themes the governor emphasized during budget negotiations - the impact of the new federal tax plan on state spending, the importance of an on - time budget and a focus on sexual harassment policies.

Gov. Andrew M. Cuomo detailed some of his proposals to cope with the new federal tax plan in his 2019 budget overview, delivered Tuesday, Jan. 16, 2018.

The budget would grant New Yorkers some protection from the Republican - steered federal tax plan, providing for an optional employer - side payroll tax to replace an employee - side state income tax, and creating two state charitable funds for health and education, with donations deducted from taxpayers» federal and state tax returns.

In his budget proposal on Tuesday, Gov. Andrew Cuomo characterized the new federal tax plan as an «economic missile aimed at New York,» and suggested New York «get out of the way before it lands.»

The proposed federal tax plan eliminates the deduction for State and local taxes, costing New York $ 17.5 billion annually.

Cuomo had been vocal in his opposition to the recently - approved federal tax plan.

Fortunately, the recently enacted federal tax plan cut the tax rate down to 21 percent, pushing for businesses to make U.S. - based capital investments.

An energetic crowd of nearly 200 people packed Syracuse City Hall last night to denounce the Republican federal tax plan and those who voted for it, including Rep. John Katko, cheering every time the event's host, Syracuse Mayor Stephanie Miner, was urged to challenge Katko in 2018.

Also at 10 a.m., Assemblyman Anthony Brindisi, the NY - 22 Democratic candidate, will «call out every New York member of Congress and urge them to preserve critical tax deductions now at risk» as the new federal tax plan makes its way through D.C., 16 Benton Circle, Utica.

SYRACUSE, N.Y. — Mayor Stephanie Miner will host a town hall meeting to discuss the GOP's federal tax plan less than one week after she announced she may yet run for Congress.

McDonald's practice focuses on solving federal tax planning problems for business owners in connection with major transactions and representing individuals and businesses in matters before the Internal Revenue Service.

ALBANY — After months of promises to defy Washington and blaze a progressive trail, Gov. Andrew M. Cuomo on Friday announced a deal on a new state budget that would grant New Yorkers some protection from the Republican - steered federal tax plan, pour an additional quarter of a billion dollars into public housing projects and enact a raft of new sexual harassment policies.

on Tuesday, Gov. Andrew Cuomo characterized the new federal tax plan as an «economic missile aimed at New York,» and suggested New York «get out of the way before it lands.»

4: The Proposed Federal Tax Plan, Which Eliminates the Deductibility of State and Local Taxes, Costing NYS $ 17.5 Billion Annually - the Most of Any State - Must Be Stopped

Cuomo had been vocal in his opposition to the recently - approved new federal tax plan.

«It certain parts of our state, the federal tax plan is far more beneficial — which is good.

«I'm all for that if we can figure out a smart way to offset the horrible impact of the federal tax plan and what it did to New Yorkers,» he said.

«We're still digesting the impact of the federal tax plan in Washington.

«It's really a triple whammy,» said DiNapoli, who added the federal tax plan and health care cuts come on top of the existing deficit.

The conservative increase in outlays is prudent given vicious likely spending cuts from Washington and a federal tax plan that could hammer the state's economy.

CHEEKTOWAGA, N.Y. — Gov. Andrew Cuomo came to Western New York on Thursday to discuss new measures to fight the opioid crisis, but he spent most of the first 10 minutes of his press conference talking about the president's federal tax plan.

New York already sends $ 48 billion more to Washington than we get back - why would this paper endorse a federal tax plan that exacerbates the problem?

The Senate bill would restore many of the deductions New York taxpayers will lose at the state level under the new federal tax plan.

The federal tax plan should raise hopes for more startups in Syracuse, despite Cuomo's commitment to curtail the federal tax plan's effort.

Also on Thursday, a trio of county executives held a press conference — during which they spoke to reporters in person — to announce a resolution adopted by the New York State Association of Counties in opposition to the federal tax plan.

ALBANY — Looking to circumvent part of a new federal tax plan, a Long Island assemblyman proposed a bill Thursday that would allow New York homeowners to make donations to a charitable statewide education fund in lieu of paying local school taxes.

«The federal tax plan is a devastating and targeted attack on New Yorkers that threatens the economic competitiveness of our state,» Cuomo said.

Assembly Speaker Carl Heastie largely agreed, saying Cuomo's stance on the issue of the federal tax plan has been consistent.

Gov. Andrew Cuomo unveiled a $ 168 billion spending plan that he said held echoes of the darkest days of the recession, necessitating a raft of ideas to raise revenue and counter a new federal tax plan that he warned could devastate some taxpayers.

A Cuomo spokesman later said the governor called DeWitt and clarified remarks, saying that his tone was due to the news about the federal tax plan.

Cuomo is a moderate to liberal Democrat, but many Republicans in the state are also against the federal tax plan, including five of the state's nine Republican Congressmen and women.

In social media posts following a visit Wednesday to Target in Camillus, U.S. Rep. John Katko claimed that the retail chain raised wages last year «as a direct result of the Tax Cuts and Jobs Act,» a federal tax plan that Congress passed and President Donald Trump signed in December.

Andrew Cuomo of New York, Dannel Malloy of Connecticut and Phil Murphy of New Jersey announced Friday that they're talking to leaders of other states that stand to be hurt by the federal tax plan that's expected to cost taxpayers in their states billions of dollars.

Zeldin has said he supports efforts to include those deductions in the federal tax plan that will pass Congress.

Ithaca Mayor Svante Myrick is among a list of 65 mayors from across New York to endorse a three - pronged plan set forth by the Cuomo Administration in response the federal tax plan enacted by Trump.

If taxpayers and lawmakers were expecting that a new 37 - page report from the state Tax and Finance Department would provide a definitive road map of how New York might sidestep the effects of Trump's new federal tax plan and its sharp reduction in the deductibility of state and local taxes, they instead got a view of just how complicated this is.

The agreement, coming after several days of negotiations with little noticeable progress, was a measured victory for Mr. Cuomo, a Democrat, who is rumored to have presidential aspirations, and who made his scorn for President Trump's policies — particularly the federal tax plan — a centerpiece of his State of the State and budget addresses in January and in speeches ever since.

Senate Deputy Majority Leader John DeFrancisco (R - Syracuse) ripped Cuomo, though not by name, for how he responded to the federal tax plan.

Instead of ensuring cuts to all New York taxpayers, the federal tax plan will create a scenario in which 3.3 million New Yorkers - the vast majority of whom are middle class - will be double taxed.

New York State is again hit hardest of any state by the federal tax plan's inclusion of this provision, according to data from the Tax Foundation.

Cuomo has spent several months rallying against the federal tax plan, which he said would effectively raise the tax rate for homeowners and put the state at a competitive disadvantage.

Cuomo also floated the idea of raising revenue by taxing nonprofit health insurance corporations that are bought out by, or convert to, for - profit companies, and those who received a «windfall» from the federal tax plan, which went into effect earlier this month.

Just five states - California, Illinois, New Jersey, Massachusetts, and New York - make up 50 percent of the revenues required to support the federal tax plan.

«I think those who have done well from the federal tax plan, we'll ask them to contribute more,» Heastie said.

Republicans point out New York is already one of the higher taxed states in the country, along with California and New Jersey, whose leaders are also opposed to the federal tax plan.

«I think those who have done well from this federal tax plan, we'll ask them to contribute more,» said Assembly Speaker Carl Heastie.

Just five states — California, Illinois, New Jersey, Massachusetts, and New York — make up 50 percent of the revenues required to support the federal tax plan.

Instead of ensuring cuts to all New York taxpayers, the federal tax plan will create a scenario in which 3.3 million New Yorkers — the vast majority of whom are middle class — will be double taxed.