Cuomo says East Coast states will sue feds, looking to thwart key piece of tax overhaul

by
January 27, 2018

Andrew Cuomo

New York Democratic Gov. Andrew Cuomo announced Friday that a coalition of East Coast states will sue the federal government over the Trump-signed tax overhaul, in the latest bid to undermine the law that Republicans have cheered.

The states — New York, New Jersey and Connecticut — appear to be taking aim at a provision that limits residents’ state and local tax deduction (SALT) to $10,000. While the law contains sweeping tax rate cuts for businesses and individuals, taxpayers in high-tax states like those in the Northeast are expected to take a hit from the SALT change.

Cuomo called it an “economic missile.”

“The elimination of full state and local deductibility is a blatantly partisan and unlawful attack on New York that uses our hardworking families and tax dollars as a piggy bank to pay for tax cuts for corporations and other states,” Cuomo said in a statement. “This coalition will take the federal government to court to protect our residents from this assault.”

A press release from Cuomo’s office claimed that the elimination of full SALT deductibility will cost New York $14.3 billion.

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