Stories Related to Cuomo: Federal Tax Law Costing Ny State $2.3b So Far

Associated Press, Times Herald-Record
Tue, 02/05/2019 - 5:30am

ALBANY — New York's income tax receipts are down more than $2 billion so far, creating a significant and serious state budget deficit that is mainly caused by last year's Republican-led federal tax cuts, Democratic Gov. Andrew Cuomo said Monday.Cuomo said at a state Capitol news conference that the year-old federal law capping a deduction for state and local taxes — known as SALT — at $10,000 is the culprit for a projected $2.3 billion deficit."We've [...]

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