Business Council opposes GOP tax plan
Nov 11, 2017 12:05 am
Rick Karlin reports in Capitol Confidential that New York's Business Council has joined state Democrats in condemning the Republican tax plans in Congress that eliminate or sharply curtail the SALT, or state and local tax deduction. This week the Senate unveiled its plan that would completely eliminate the deduction, which would be especially costly for New Yorkers. The Business Council is not considered a liberal organization, typically opposing taxes. Business Council President and CEO Heather Briccetti said Nov. 9, “While The Business Council remains committed to the principles of tax reform, we are deeply dismayed that the Senate’s bill goes even further than the House by completely eliminating State and Local Tax deductibility (SALT). As we have said repeatedly throughout this process, New York is a net donor state, giving far more in tax dollars to the federal government than we receive. Eliminating SALT will only exacerbate that disparity." Read the full story in Capitol Confidential.