Episode 28 - $ 14.3 billion — Listen to State Budget Director Robert Mujica and New York City First Deputy Mayor Dean Fuleihan speak at a live Citizens Budget Commission event where they discuss the
implications of the federal tax reform on the city and state.
Also at 12:30 p.m., county leaders, including Suffolk County Executive Steve Bellone, Putnam County Executive MaryEllen O'Dell, Albany County Executive Dan McCoy and others discuss the impact
of federal tax reform on NY homeowners, LCA press room, 130, LOB, Albany.
The index posted a gain of 196 points on Tuesday, rebounding from a spell of investor caution on bolstered
hopes of federal tax reform.
With an eye on 2020, Cuomo has also devoted much of his time to proposals that would blunt the impact
of the federal tax reform law's limits on the deductibility of state and local taxes.
As
part of the federal tax reform late last year, Congress approved paying out the credits over a five - year period instead of one year as it has previously been.
«This is simply not a sustainable situation if we expect the city to attract top talent and business investment, particularly with the pending
threat of federal tax reform that may eliminate deductions for state and local taxes.»
Heastie's priorities for the year include addressing negative
impacts of federal tax reform, passing the Child Victims Act, banning bump - stock devices that turn semi-automatic weapons into automatic weapons, and addressing sexual harassment.
Count Syracuse Mayor Stephanie Miner among those concerned with the impact
of federal tax reform.