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New York joined by several states in fight for tax fairness

Posted at 10:56 AM, Feb 23, 2019
and last updated 2019-02-23 10:56:50-05

NEW YORK, N.Y. (WKBW) — New York Governor Andrew Cuomo announced several states have joined New York in the fight for tax fairness, calling on Congress to restore full state and local tax (SALT) deductibility.

The states of Connecticut, Hawaii, Illinois, New Jersey, Oregon, Rhode Island and Washington have joined New York's campaign to fight for tax fairness.

Governor Cuomo launched the campaign following his meeting with President Donald Trump on the impact of the elimination of SALT deductibility, which Cuomo says disproportionately impacted predominantly Democratic states.

"The President gave an unseemly tax cut to corporations and the rich and he financed it by raising taxes on primarily democratic states through the elimination of SALT," Governor Cuomo said. "New York has been fighting this economic assault for over a year and together with these partner states who are also affected by the loss of the SALT deduction, we will not rest until Congress ends this punitive policy once and for all."

Cuomo says as a result, New York has seen a $2.3 billion decline in estimated payments of Personal Income Tax receipts in December and January.

The Governors of the impacted states will work with their Congressional Delegates and Speaker Pelosi to reestablish full SALT deductibility.

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