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Tax bill showdown shapes NY rate fight and SALT battle
Katko and Tenney push to lower property taxes and defend SALT deductions urging Cuomo and the Legislature to act. Democrats challenge the plan over CBO JCT forecasts showing higher taxes for some low and middle income families while Republicans defend cuts to corporate rates and aimed deficits. The dispute centers on eliminating state and local deductions, Obamacare penalties, and future tax relief timelines amid Senate House divergences and fiscal risks.
MENTIONED IN THIS ARTICLE
Cuomo
Congressional Budget Office
CBO
Joint Committee On Taxation
JCT
Senate
GOP
Congress
Paul Ryan
R-Wis
America
House
Nancy Pelosi
California
New York
Ways and Means Committee
Rep
Kevin Brady
Texas
North Country
Elise Stefanik
Willsboro
Benedict Arnold
John Thune
R-Sd
Ron Johnson
Wisconsin
Johnson
Susan Collins
Maine
Jeff Flake
John McCain
Arizona
Bob Corker
Tennessee
Lisa Murkowski
Alaska
Mike Pence
Treasury