Cuomo, Schumer call out Republicans on tax deduction cuts

SYRACUSE, N.Y. (WSYR-TV) - Gov. Andrew Cuomo and Senate Minority Leader Charles Schumer are calling on state representatives to oppose the repeal or reduction of state and local tax deductions 

The reform plan hits New York taxpayers  harder than any other state-- if the plan passes, some new yorkers could pay thousands more in what the Governor calls the most destructive policy for New York he's seen in 30 years.

Cuomo and Schumer both say the margin of support on this bill is so thin right now that if all 27 Representatives of New York vote no, the bill will fail. 

Schumer specifically called out nine Republican Representatives-- four of whom represent portions of Central New York.

"We are the number one donor state. We send $48 billion more to Washington than comes back. If you are a Representative of New York,I don't care if you're a Republican or Democrat, your job is to help your constituents. I don't care about your politics, and that you have to kiss the ring of your political boss, that's not what you're elected. You're elected to represent the people of your district and this hurts the people of your district,” Cuomo said. 

According to an analysis of the impact of the proposed elimination of the state and local tax deductibility released by Cuomo’s office, approximately 44 million Americans take advantage of this deduction and a repeal could result in more than $1 trillion in losses for taxpayers and their local communities.
 
Under the current federal tax system, taxpayers who itemize deductions on their federal income tax returns can deduct state and local real estate and personal property taxes as well as either income taxes or general sales taxes. 
 
The Republican tax reform framework would eliminate state and local taxes (SALT) deduction entirely.  

Several months ago, Representatives John Katko, Claudia Tenney and Elise Stefanik signed a letter expressing concern for the issue of eliminating the state and local tax deduction, calling the possibility unfair. 

You can read the letter here.

In an update, Tenney released the following statement:

"From day one, I have fought against the elimination of the federal deduction for state and local taxes (SALT), and will work to ensure the deduction is included in the final bill. Governor Cuomo and Senator Schumer have yet to show they have any interest in responsibly reducing the tax burden on hardworking upstate families. In fact, Governor Cuomo has proven just the opposite."

A spokesperson for Stefanik said the following: 

“It's disappointing that Governor Cuomo and Senator Schumer are defending the status quo of a broken tax code -- this outdated tax code harms our economy and costs north country families good paying jobs.”

Congressman Tom Reed said: 

"I believe a compromise position regarding the state and local tax deduction is achievable. In fact, I have discussed including a credit for state and local taxes which will ensure a tax cut for the hardworking local property taxpayers of new york state. I care about cutting taxes for the middle class." 

Katko’s office didn't provide a new statement on Monday, but stood by his previous comments on tax reform, including his concerns over removing deductions. 


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