New York Lawmakers Play Hardball on Tax Deductions

[applegrove]

New York Lawmakers Play Hardball on Tax Deductions

April 13, 2021 at 4:36 pm EDT By Taegan Goddard 85 Comments

https://politicalwire.com/2021/04/13/new-york-lawmakers-play-hardball-on-tax-deductions/

"SNIP.....

“Nearly every Democrat in New York’s House delegation said Tuesday that they won’t back tax hikes to fund President Joe Biden’s infrastructure package without a full repeal of the $10,000 cap on state and local tax deductions,” Politico reports.

“That powerful bloc, representing 17 out of 19 Democrats in the delegation, sent a letter to House leaders to outline their position on the issue, known as SALT, as negotiations intensified across Washington this week on Biden’s next major legislative priority.”

.....SNIP"

[PoliticAverse]

1. Wall Street makes the rules. n/t

[Karadeniz]

2. I don't blame them. I had a friend who had to move from NYS to Texas because the NY taxes were

Eating them alive. When the NY taxes were capped, I knew they couldn't have handled that.

[roamer65]

3. Good for them.

It wasn’t fair to them in the first place.