tax reform

The recently passed tax legislation known as the Tax Cuts and Jobs Act of 2017 contains some significant negatives for New York taxpayers, and potentially for New York State.  Among the most notable are the limitations placed on the deductibility of state income taxes and real property taxes. This may be somewhat offset by the increase in the standard deduction to $12,000 for single filers and to $24,000 for a married couple filing jointly.  For many the increase in the standard deduction will eliminate the loss of the deductions for income taxes and real property taxes, but for others the answer is, it’s not even close.

Calita Kabir/Flickr

New York Governor Andrew Cuomo, in his State of the State speech January 3, floated the idea of converting the state income tax to a pay roll tax to help reverse the new federal law that limits deductibility for state and local taxes. Many support the concept, but businesses say it’s not so easy to make the change and it could bring unforeseen complications.

The Reverend Peter Cook, executive director of the New York State council of Churches, speaks against the federal tax overhaul measure at a rally at the State Capitol Friday.
Karen DeWitt

Groups opposing the federal tax overhaul plan held a demonstration at the New York state Capitol Friday, chanting “kill the bill”, and saying the measure is bad for New York and the nation.

401(K) 2012/Flickr


The governors of New York and California as well as New Jersey’s incoming governor are strongly condemning the Republican tax bills in Congress, saying they are unfair to their states and will wreak havoc on the U.S. economy. 

NYS Senator Starts Petition Against GOP Tax Plan

Nov 18, 2017
Donkey Hotey/Flickr

A Republican New York state senator from the Hudson Valley has launched a petition urging congressional leaders to steer clear of GOP tax reform that will negatively impact area residents and result in double taxation.

U.S. Capitol Building
Stacy | Flickr

The U.S. House of Representatives has approved a tax overhaul plan that some state leaders say will harm New York. Eyes are now on the Senate, where a vote is expected after Thanksgiving.

Jessica Wisneski of Citizen Action, speaks out against the house tax bill at a protest at the NY state Capitol Thursday
Karen DeWitt

Democratic Governor Andrew Cuomo is slamming the tax overhaul plan passed by the U.S. House of Representatives Thursday, saying it will be “poison” to New York.

New York Lieutenant Governor Kathy Hochul
WAMC/Pat Bradley

New York Lieutenant governor Kathy Hochul says President Trump’s top budget official is off-base in his comments this week that people are leaving New York because of its high taxes. Mick Mulvaney also said it is not up to the federal government to save New York from its bad decisions, a reference to the Republican tax reform plan that could eliminate the federal deduction for state and local taxes.

Congressman John Faso
Official Photo

New York Republican Congressman John Faso hosted a telephone town hall Tuesday night on the GOP tax reform proposal. Faso says the call was meant to help him determine the best course of action for upstate.

Courtesy of Congressman Sean Patrick Maloney's Twitter feed

Hudson Valley Congressman Sean Patrick Maloney held a telephone town hall Wednesday night on the GOP tax plan. The Democrat heard what constituents think of the proposal that is slated to be voted on next week.

Facebook: Empire Center

E.J. McMahon, research director of the Empire Center for Public Policy, is here to discuss federal tax reform. WAMC's Alan Chartock hosts.

Calita Kabir/Flickr

New York Governor Andrew Cuomo and U.S. Senate Minority Leader Chuck Schumer are once again warning that New Yorkers will be hurt if the Republican tax overhaul plan in Congress is approved.

New York Governor Andrew Cuomo
Office of New York Governor Andrew Cuomo

Governor Andrew Cuomo is not pleased with the Republican House of Representatives tax overhaul plan, calling a key provision “double taxation” on some New Yorkers.

New York Governor Andrew Cuomo
Pat Bradley/WAMC

New York Governor Andrew Cuomo, in a conference call with California Governor Jerry Brown Friday, singled out two New York GOP Congressmen for criticism, after they voted for a budget measure that clears the way for a vote on the GOP plan to overhaul the tax system.

U.S. Senate Minority Leader Chuck Schumer speaking Monday
Karen DeWitt

The state’s governor and senior senator teamed up to urge New York’s congressional delegation to oppose a provision in the federal tax overhaul plan that they say could be harmful to the state’s taxpayers and New York’s economy.

Donald Trump at the Flynn Theatre
Pat Bradley/WAMC

New York’s Democratic lawmakers are vowing to fight President Trump’s tax overhaul proposal, perhaps even in court.  Meanwhile, a think tank’s analysis finds some middle class New Yorkers could actually save a small amount of money under the income tax portion of the plan. 

Calita Kabir/Flickr

The Trump administration recently announced the outline of a tax plan that calls for lowering the corporate tax rate and decreasing the number of personal income tax brackets. While details are few, analysts are already predicting potential impacts. 

401(K) 2012/Flickr

President Trump’s tax plan is so far just a one page outline, but it’s already raising some red flags for New York’s political leaders.

Calita Kabir/Flickr

Taxes and tax reform are likely to be a major topic in the next legislative session, which begins in seven weeks. New York Governor Andrew Cuomo is relying on two separate commissions for ideas about tax changes, while progressive groups and Republicans in the State Senate are also weighing in.

  In today’s Congressional Corner, New York Representative Bill Owens tells WAMC’s Alan Chartock that he is not optimistic about comprehensive tax reform.

    In today’s Congressional Corner, New York Representative Sean Patrick Maloney and WAMC’s Alan Chartock discuss the debate over tax reform.

  In today’s Congressional Corner, Massachusetts Democratic Representative Richard Neal continues his discussion of tax reform with WAMC’s Alan Chartock.

  Members of Congress are once again tackling tax reform.

In today’s Congressional Corner, Massachusetts Democratic Representative Richard Neal tells WAMC’s Alan Chartock that corporate tax loopholes have eroded some of the public’s goodwill.

  Tax reform means different things to different people.

In today’s Congressional Corner, New York representative Paul Tonko, a Democrat who represents the 20th district, tells WAMC’s Alan Chartock that certain corporate loopholes should be closed.

The dreaded drop off the fiscal cliff has been avoided, so what does it mean for our taxes.  Before the agreement, there were dire predictions that many middle-class Americans could see their yearly tax bills go up by some three thousand dollars, if Congress and the White House did not agree on a tax and spending plan by the time the ball dropped in Times Square.