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New Yorkers would pay more under Trump's federal tax proposal

Apr 28, 2017 12:03 am
Robert Downen reports in the Albany Times Union that the federal tax cuts proposed April 26 by President Donald Trump would cost New Yorkers a lot of money. Trump's one-sheet proposal would eliminate deductions for state and local income and property taxes for New Yorkers. The right-leaning Tax Foundation says Capital Region taxpayers saved between $2,000 and $5,000 in 2012 through these deductions. The proposal also cuts the corporate tax rate from 35 percent to 15 percent, and gives multi-millionaries other tax breaks. Read the full story in the Albany Times Union.
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