NY, Three Other States Sue to Overturn Trump Tax Reform Plan

posted by WGY News - 

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New York State is joining with three others, Connecticut, Maryland, and New Jersey, in a lawsuit aimed at overturning President Trump's tax reform plan that puts a cap of $10,000 on state and local tax deductions. 

In a conference call with reporters, Gov. Cuomo called the 2017 federal tax law repugnant and un-American.

The suit is being filed in federal court in Manhattan. 

The main argument revolves around the fact that every federal income tax law in the country's history protected the interests of the states by providing a deduction for a significant portion of state and local taxes. 

The governor says the law is hyper-partisan, and is aimed at hurting blue states such as New York.

Cuomo says the cap will increase taxes for every New York resident by more than $14 billion dollars and more than $120 billion by 2025. 

Photo: Getty Images

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