Gov. Andrew Cuomo continues to assail Republican tax-reform plans — in particular, a House proposal to cap deductions for local property taxes and scrap state income tax deductions.
Republican Congressman Tom Reed argues that Cuomo is not telling the whole story.
Reed, a member of the House Ways and Means Committee — that group spent the last week refining its tax-reform legislation — said the “compromise” on the effort to eliminate state and local property tax deductions calls for filers who itemize on their returns to deduct up to $10,000 in property taxes. However, there is no deduction for income taxes paid.
Late last week, Cuomo issued news releases aimed at New York’s Republican congressional members who appear to be in favor of the House tax-reform package it hopes to have passed and signed by President Trump by the end of the year. Members of the Senate and House leadership will have to hash out the final bill before either legislative body votes on it.