Cuomo: GOP Tax Law Potentially ‘Unconstitutional,’ ‘Double Taxation’
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Title : Cuomo: GOP Tax Law Potentially ‘Unconstitutional,’ ‘Double Taxation’
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Title : Cuomo: GOP Tax Law Potentially ‘Unconstitutional,’ ‘Double Taxation’
link : Cuomo: GOP Tax Law Potentially ‘Unconstitutional,’ ‘Double Taxation’
news-today.world | Thursday on CNN’s “New Day,” Gov. Andrew Cuomo (D-NY) said the Republican tax law could be unconstitutional “double taxation.”
Cuomo said, “One of the devilish things in the bill, they eliminate the deductibility of state taxes, and it is a mouthful but what it says is up until now, over 100 years, you pay the local tax and state tax and deducted that from your federal tax, and they are eliminating that. You are now paying two taxes. You pay a tax to the [state] or local government, and then the federal government taxes that tax. It happens to occur coincidentally only in blue states only Democratic states.”
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Cuomo said, “One of the devilish things in the bill, they eliminate the deductibility of state taxes, and it is a mouthful but what it says is up until now, over 100 years, you pay the local tax and state tax and deducted that from your federal tax, and they are eliminating that. You are now paying two taxes. You pay a tax to the [state] or local government, and then the federal government taxes that tax. It happens to occur coincidentally only in blue states only Democratic states.”
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You are now reading the article Cuomo: GOP Tax Law Potentially ‘Unconstitutional,’ ‘Double Taxation’ With link address https://newstoday-ok.blogspot.com/2017/12/cuomo-gop-tax-law-potentially.html