Fewer deductions means
a higher federal tax bill — especially for Long Island, Westchester County and New York City residents, who have some of the nation's highest property taxes.
Capping or eliminating the SALT deduction will put intense pressure on state and local governments to cut their own taxes in the face of constituents with
higher federal tax bills.
Not exact matches
A relatively
high median household income of $ 60,741 plays a role in big
federal and state income
tax bills.
Federal Finance Minister
Bill Morneau has the power to change the
tax system to make it harder for
high earners to avoid
taxes, but it's going to take political will
The Republican
bill added a new $ 10,000 maximum for all state and local
tax deductions, effectively raising
taxes on wealthy people in those states and reducing a key
federal subsidy that makes it easier for states to charge
high taxes on rich residents.
«Today, the New York State Senate acted on an important
bill sponsored by Senator Felder that will protect hardworking New Yorkers from $ 1.5 billion in new and
higher taxes, and prevent the state from receiving a windfall from recently enacted
federal tax changes,» Senate Majority Leader John Flanagan said.
The state Senate
bill approved Tuesday would remove the existing state prohibition on itemizing a state income
tax return if the taxpayer decides to take the
higher federal standard deduction.
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.
Democrats and Republicans will pay
higher taxes due to the
Federal tax bill.
That deduction had been popular in
high -
tax, Democratic states like New York, Connecticut and New Jersey, where many homeowners now face big increases in their
federal tax bill.
Albany County Executive Dan McCoy said the
federal tax bill will lead to many middle - and upper - class New Yorkers paying
higher taxes because of the proposed end to state and local
tax deductions.
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.
But Republicans have insisted the
bill, which adds nearly $ 1.5 trillion to the
federal deficit, gives many if not most middle - class Americans a
tax cut at the same level as the 21 percent corporate benefit, boosting investment, job creation,
higher wages and offsetting
tax revenues.
ALBANY — In again criticizing the emerging
federal tax bill, Gov. Cuomo on Wednesday defended New York's right to have
higher taxes.
He also charged the
federal tax bill under discussion «is basically hurting the economies of those (
high -
tax) states to finance the
tax cut in other states.»
In a move that could cause major tension in the House, the Senate
bill also would prohibit Americans from deducting certain state and local
taxes from their
federal bills, a change that could raise
taxes overall for Americans in
high -
tax states such as New York, New Jersey, California, Oregon and Illinois.
Albany County Executive Dan McCoy says the
federal tax bill will lead to many middle and upper class New Yorkers paying
higher taxes, because of the proposed end to state and local
tax deductions.
Moreover, passage in December of a
federal tax bill reducing deductions for state and local
taxes has many experts warning of a probable rise in public resistance to
higher school
taxes.
Several people familiar with the planning for the fund - raiser said the cancellation was designed to punish Mr. Zeldin, who not only voted against the
bill but was outspoken about one aspect: the elimination of the
federal deduction for state and local
taxes, which particularly impacts
high -
tax states like New York.
Letter from AAAS CEO Rush Holt to Deputy Attorney General Rod Rosenstein Regarding Fingerprint Reporting Guidelines [March 28, 2018] AAAS Statement on FY 2018 Omnibus
Bill Funds for Scientific Research [March 23, 2018] AAAS Statement on FY 2018 Omnibus Funding
Bill [March 22, 2018] AAAS CEO Rush Holt Statement on Death of Rep. Louise Slaughter [March 16, 2018] AAAS CEO Urges U.S. President and Congress to Lift Funding Restrictions on Gun Violence Research [March 13, 2018] AAAS Statements on Elections and Paper Ballots [March 9, 2018] AAAS Statement on President's 2019 Budget Plan [February 12, 2018] AAAS Statement on FY 2018 Budget Deal and Continuing Resolution [February 9, 2018] AAAS Statement on President Trump's State of the Union Address [January 30, 2018] AAAS Statement on Continuing Resolution Urges FY 2018 Final Omnibus
Bill [January 22, 2018] AAAS Statement on U.S. Government Shutdown [January 20, 2018] Community Statement to OMB on Science and Government [December 19, 2017] AAAS CEO Response to Media Report on Use of «Science - Based» at CDC [December 15, 2017] Letter from AAAS and the American Physical Society to Iranian President Hassan Rouhani Regarding Scientist Ahmadreza Djalali [December 15, 2017] Multisociety Letter Conference Graduate Student
Tax Provisions [December 7, 2017] Multisociety Letter Presses Senate to Preserve
Higher Education Tax Benefits [November 29, 2017] AAAS Multisociety Letter on Tax Reform [November 15, 2017] AAAS Letter to U.S. House of Representatives Ways and Means Committee on Tax Cuts and Jobs Act (H.R. 1)[November 7, 2017] AAAS Statement on Release of National Climate Assessment Report [November 3, 2017] AAAS Statement on EPA Science Adviser Boards [October 31, 2017] AAAS Statement on EPA Restricting Scientist Communication of Research Results [October 25, 2017] Statement of the Board of Directors of the American Association for the Advancement of Science on Scientific Freedom and Responsibility [October 18, 2017] Scientific Societies» Letter on President Trump's Visa and Immigration Proclamation [October 17, 2017] AAAS Statement on U.S. Withdrawal from UNESCO [October 12, 2017] AAAS Statement on White House Proclamation on Immigration and Visas [September 25, 2017] AAAS Statement from CEO Rush Holt on ARPA - E Reauthorization Act [September 8, 2017] AAAS Speaks Out Against Trump Administration Halt of Young Immigrant Program [September 6, 2017] AAAS Statement on Trump Administration Disbanding National Climate Assessment Advisory Committee [August 22, 2017] AAAS CEO Rush Holt Issues Statement On Death of Former Rep. Vern Ehlers [August 17, 2017] AAAS CEO Rush Holt and 15 Other Science Society Leaders Request Climate Science Meeting with EPA Administrator Scott Pruitt [July 31, 2017] AAAS Encourages Congressional Appropriators to Invest in Research and Innovation [July 25, 2017] AAAS CEO Urges Secretary of State to Fill Post of Science and Technology Adviser [July 13, 2017] AAAS and ESA Urge Trump Administration to Protect Monuments [July 7, 2017] AAAS Statement on House Appropriations Bill for the Department of Energy [June 28, 2017] Scientific Organizations Statement on Science and Government [June 27, 2017] AAAS Statement on White House Executive Order on Cuba Relations [June 16, 2017] AAAS Statement on Paris Agreement on Climate Change [June 1, 2017] AAAS Statement from CEO Rush Holt on Fiscal Year 2018 Budget Proposal [May 23, 2017] AAAS thanks the Congress for prioritizing research and development funding in the FY 2017 omnibus appropriations [May 9, 2017] AAAS Statement on Dismissal of Scientists on EPA Scientific Advisory Board [May 8, 2017] AAAS CEO Rush Holt Statement on FY 2017 Appropriations [May 1, 2017] AAAS CEO Statement on Executive Order on Climate Change [March 28, 2017] AAAS leads an intersociety letter on the HONEST Act [March 28, 2017] President's Budget Plan Would Cripple Science and Technology, AAAS Says [March 16, 2017] AAAS Responds to New Immigration Executive Order [March 6, 2017] AAAS CEO Responds to Trump Immigration and Visa Order [January 28, 2017] AAAS CEO Rush Holt Statement on Federal Scientists and Public Communication [January 24, 2017] AAAS thanks leaders of the American Innovation and Competitiveness Act [December 21, 2016] AAAS CEO Rush Holt raises concern over President - Elect Donald Trump's EPA Director Selection [December 15, 2016] AAAS CEO Rush Holt Statement Following the House Passage of 21st Century Cures Act [December 2, 2016] Letter from U.S. scientific, engineering, and higher education community leaders to President - elect Trump's transition team [November 23, 2016] Letter from AAAS CEO Rush Holt to Senate Leaders and Letter to House Leaders to pass a FY 2017 Omnibus Spending Bill [November 15, 2016] AAAS reaffirms the reality of human - caused climate change [June 28,
Higher Education
Tax Benefits [November 29, 2017] AAAS Multisociety Letter on
Tax Reform [November 15, 2017] AAAS Letter to U.S. House of Representatives Ways and Means Committee on
Tax Cuts and Jobs Act (H.R. 1)[November 7, 2017] AAAS Statement on Release of National Climate Assessment Report [November 3, 2017] AAAS Statement on EPA Science Adviser Boards [October 31, 2017] AAAS Statement on EPA Restricting Scientist Communication of Research Results [October 25, 2017] Statement of the Board of Directors of the American Association for the Advancement of Science on Scientific Freedom and Responsibility [October 18, 2017] Scientific Societies» Letter on President Trump's Visa and Immigration Proclamation [October 17, 2017] AAAS Statement on U.S. Withdrawal from UNESCO [October 12, 2017] AAAS Statement on White House Proclamation on Immigration and Visas [September 25, 2017] AAAS Statement from CEO Rush Holt on ARPA - E Reauthorization Act [September 8, 2017] AAAS Speaks Out Against Trump Administration Halt of Young Immigrant Program [September 6, 2017] AAAS Statement on Trump Administration Disbanding National Climate Assessment Advisory Committee [August 22, 2017] AAAS CEO Rush Holt Issues Statement On Death of Former Rep. Vern Ehlers [August 17, 2017] AAAS CEO Rush Holt and 15 Other Science Society Leaders Request Climate Science Meeting with EPA Administrator Scott Pruitt [July 31, 2017] AAAS Encourages Congressional Appropriators to Invest in Research and Innovation [July 25, 2017] AAAS CEO Urges Secretary of State to Fill Post of Science and Technology Adviser [July 13, 2017] AAAS and ESA Urge Trump Administration to Protect Monuments [July 7, 2017] AAAS Statement on House Appropriations
Bill for the Department of Energy [June 28, 2017] Scientific Organizations Statement on Science and Government [June 27, 2017] AAAS Statement on White House Executive Order on Cuba Relations [June 16, 2017] AAAS Statement on Paris Agreement on Climate Change [June 1, 2017] AAAS Statement from CEO Rush Holt on Fiscal Year 2018 Budget Proposal [May 23, 2017] AAAS thanks the Congress for prioritizing research and development funding in the FY 2017 omnibus appropriations [May 9, 2017] AAAS Statement on Dismissal of Scientists on EPA Scientific Advisory Board [May 8, 2017] AAAS CEO Rush Holt Statement on FY 2017 Appropriations [May 1, 2017] AAAS CEO Statement on Executive Order on Climate Change [March 28, 2017] AAAS leads an intersociety letter on the HONEST Act [March 28, 2017] President's Budget Plan Would Cripple Science and Technology, AAAS Says [March 16, 2017] AAAS Responds to New Immigration Executive Order [March 6, 2017] AAAS CEO Responds to Trump Immigration and Visa Order [January 28, 2017] AAAS CEO Rush Holt Statement on
Federal Scientists and Public Communication [January 24, 2017] AAAS thanks leaders of the American Innovation and Competitiveness Act [December 21, 2016] AAAS CEO Rush Holt raises concern over President - Elect Donald Trump's EPA Director Selection [December 15, 2016] AAAS CEO Rush Holt Statement Following the House Passage of 21st Century Cures Act [December 2, 2016] Letter from U.S. scientific, engineering, and
higher education community leaders to President - elect Trump's transition team [November 23, 2016] Letter from AAAS CEO Rush Holt to Senate Leaders and Letter to House Leaders to pass a FY 2017 Omnibus Spending Bill [November 15, 2016] AAAS reaffirms the reality of human - caused climate change [June 28,
higher education community leaders to President - elect Trump's transition team [November 23, 2016] Letter from AAAS CEO Rush Holt to Senate Leaders and Letter to House Leaders to pass a FY 2017 Omnibus Spending
Bill [November 15, 2016] AAAS reaffirms the reality of human - caused climate change [June 28, 2016]
Two of Ben Ray Lujan's (D) two main
higher education initiatives involve
federal student loan refinancing (Bank on Students Emergency Loan Refinancing) and a
tax incentive program to get parents saving for their children's college bill (American Opportunity Tax Credi
tax incentive program to get parents saving for their children's college
bill (American Opportunity
Tax Credi
Tax Credit).
* Planned,
high cost «wind farms» would not be built if a large share of the cost were not being shifted to (and hidden in
bills paid by) taxpayers and electric customers via generous
federal tax shelters and the Texas «Renewable Portfolio Standard.»
Meanwhile, the
federal EV
tax credit in the US narrowly survived being cut out of the recent
tax bill, and renewable energy (and the subsidies for it) has fresh opposition in the
highest levels of the government after the 2016 election.
If the final
federal tax bill slashes deductions of state and local
taxes, owning a home in
high -
tax areas will be significantly more expensive.