2 Ways Andrew Cuomo is Trying to Cheat the GOP Tax Cuts 2 Ways Andrew Cuomo is Trying to Cheat the GOP Tax Cuts – NTK Network

2 Ways Andrew Cuomo is Trying to Cheat the GOP Tax Cuts

The governor of New York, and possible 2020 presidential candidate, doesn't like the GOP tax cuts. So he's trying to get his constituents to cheat the code.

By NTK Staff | 01.17.2018 @12:00pm
2 Ways Andrew Cuomo is Trying to Cheat the GOP Tax Cuts

Gov. Andrew Cuomo (D-NY) has been on a months-long crusade against the GOP tax bill, offended by the tax cuts because it reduces an exemption that gave high-tax states like his an unfettered excuse to raise taxes to unlimited heights.

NTK Network recently pointed out that when Cuomo says the reduction of the state and local tax (SALT) deduction is “double taxation,” he fundamentally misunderstands how taxes work.

Now that his lawsuit against the federal government is falling flat, though, Cuomo is looking for a new way to undercut the tax cuts: he wants to help New Yorkers cheat the tax code.

CNN Money reported:

Cuomo has directed his Department of Taxation and Finance to outline options for creating a state payroll tax to replace the income tax on wages.

The payroll tax would be paid by employers based on the wages they pay their workers. And the employers may still deduct those payroll taxes on their federal return.

…To help offset the limitation on people’s property tax deductions at the federal level, Cuomo has also asked his tax department to outline options to let New York state residents make a charitable contribution to the state through local government funds that might help finance education or health programs.

To be clear, Cuomo has come up with two ways to divert state and local taxes around the federal government’s reach. It’s a shameless grab to keep in place New York’s high-tax, high-spend status quo, and could put at risk the individual and corporate tax rates that the other 49 states, and many New Yorkers, are enjoying under the new bill.

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