Comment on Trump plan to drop state, local tax deductions criticized

Trump plan to drop state, local tax deductions criticized

WASHINGTON -- The GOP tax reform package’s inclusion of cuts of state-and-local tax deductibility proved a non-starter with lawmakers of both parties Wednesday, to say nothing of N.Y. Gov. Andrew Cuomo.The proposal was part of President Trump’s tax reform proposal, billed as the most sweeping such measure in decades.But the state’s Republican and Democratic representatives said it would hit New York hard by eliminating a much relied-upon deduction for state income-tax payments.``The deduction for state and local taxes has been a feature of American tax policy since Day One,’’ said Rep.

 

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