It's always Trump's fault, right? Never bother to look in the mirror eh, chump.

Excerpts from this story:

quote:

New York Gov. Andrew Cuomo sat down with President Trump on Tuesday to discuss revising a portion of Trump’s 2017 tax overhaul, a measure Cuomo contends is driving the wealthy out of the state.

quote:

The Democratic governor has said his state's highest earners are leaving because the deduction cap means they could see substantial increases in their federal tax bills. The same holds true for residents in New Jersey and California.

quote:

Michael Zona, a spokesman for Republicans on the Senate Finance Committee, said: "It's ironic that the same Democrats who criticized the Tax Cuts and Jobs Act for supposedly benefiting only the wealthy are now advocating for a change to the law that would primarily benefit the wealthy.”

Hoist on one's own petard, much?

The federal tax payers have been subsidizing the high tax rates in NY, CA, and IL for years. By simply capping the deduction at $10k, the subsidies have stopped.

People are now realizing that the state tax money isn't free.........

They all act like higher taxes are great, that is rill they have to start paying them, then they leave. Even Morning Joe dickhead has left and moved to Florida,but still acts like he is broadcasting form NY.

Right, as if Trump wrote the tax law.

All you assholes moving down south, quit doing the same thing to our states!!

Trump, meeting with Andrew Cuomo on tax reform, pivots to late-term abortion

https://www.foxnews.com/politi...o-late-term-abortion

New York Gov. Andrew Cuomo sat down with President Trump on Tuesday to discuss revising a portion of Trump’s 2017 tax overhaul, a measure Cuomo contends is driving the wealthy out of the state.

Before they were done, Trump had shifted gears to a discussion of his concerns about the state’s late-term abortion bill.

Cuomo was visiting the White House to discuss the $10,000 cap on federal deduction for state and local taxes (SALT), a provision he says is contributing to a dip of more than $2 billion in tax receipts.

The Democratic governor has said his state's highest earners are leaving because the deduction cap means they could see substantial increases in their federal tax bills. The same holds true for residents in New Jersey and California.

"President Trump talked about the positive impacts of the Tax Cuts and Jobs Act on the American economy, and the president listened to the governor's concerns regarding SALT,” a statement from the White House read.

Prospects for new tax legislation that would expand or remove the $10,000 cap are slim, given the Republican majority in the Senate concern about potentially increasing the deficit without corresponding new revenue sources.

Michael Zona, a spokesman for Republicans on the Senate Finance Committee, said: "It's ironic that the same Democrats who criticized the Tax Cuts and Jobs Act for supposedly benefiting only the wealthy are now advocating for a change to the law that would primarily benefit the wealthy.”

But Tuesday's conversation wasn't limited to taxes and tax legislation. Trump took aim at Cuomo and other Democrats over controversial late-term abortion legislation recently rolled out in New York and Virginia.

“The president raised his concerns to Governor Cuomo about Democrats’ support of late-term abortions,” the White House statment read.

Cuomo recently defended the legislation, which would permit abortions to be performed in New York by non-doctors up until the point of birth for a variety of reasons. “The Catholic Church doesn’t believe in a woman’s right to choose. Yes, I understand their religious view,” he said. “But I'm not here to legislate religion.”

Trump has said he wants Congress to pass a ban on late-term abortion of fetuses that "can feel pain in the mother's womb" — an unlikely proposition, given Democratic control of the U.S. House.

Screw Cuomo and the rest of the liberal, progressive, socialist demotards. These slime ball sewer rats are always looking to blame someone for their failures. So, again, SCREW CUOMO and his ilk...and NY demotards that follow his BS.....

Heh, heh. Suck it up Cuomo, you high-tax bastard.

Sounds to me that the problem is the state taxes, not the fed ones...

Winning!
Not tired of it yet, not even close. Oh the joy! Cuomo, having to come cap in hand to beg for tax relief from Trump who lets him know who's in charge.

Silent

I thought all the rich leftists wanted to pay more taxes and were just waiting for the tax code to change that made them pay more. Hard to keep up with all their bullshit lies.

Sounds like Maduro. He is the deformed love child of Amon Goeth and Nicolas Maduro...

Money, like electricity, is mobile and finds the path of least resistance. In this case, Florida & Tennessee... Coumo and his democratic crew should now have to cut the budget. Funny how the only states suffering under the salt changes are blue?

High tax states have been losing their tax base for decades. Nothing but political posturing by Cuomo.

What am I missing here? How does the Federal cap cause a $2 billion plus shortfall in the State budget?

quote:

Originally posted by pessimist:
What am I missing here? How does the Federal cap cause a $2 billion plus shortfall in the State budget?

Because...because... Trump!

I didn't see it mentioned in the article but I've seen elsewhere that 1% of New York state's population provides 46% of the state tax revenue.

Methinks there's a bigger problem there than a deduction cap.

Yeah, so often the lefties only want a ‘tax cut’ for those that don’t pay any income taxes. I think that’s called ‘welfare’.

Look at a pie graph of who pays what.

quote:

Originally posted by jljones:
The federal tax payers have been subsidizing the high tax rates in NY, CA, and IL for years. By simply capping the deduction at $10k, the subsidies have stopped.

People are now realizing that the state tax money isn't free.........

Spot on. The new tax laws have simply exposed the game that NY (and others) play with their high taxes.

quote:

Originally posted by pessimist:
What am I missing here? How does the Federal cap cause a $2 billion plus shortfall in the State budget?

I think the accusation is that the cap has caused those who have the means to do so to finally move out of New York to States with a lower tax burden because they can no longer get away with writing off their super high state taxes and having the rest of the country subsidize them so they can have a lower federal tax burden than someone who makes the same exact wage in a state with lower taxes. Make sense?

Basically people are fleeing New York because of super high taxes, and Cuomo is blaming Trump for ending the SALT deducton racket.