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Cuomo, Schumer team up against tax plan
Oct 24, 2017 2:45 pm
Governor Andrew Cuomo and New York Senator Chuck Schumer spoke on Oct. 23 in Albany County against the current tax proposal in Washington that would eliminate state and local tax deductions. In Albany County, they said, the proposal would, raise taxes on one in three taxpayers by an average of $3,438. Cuomo and Schumer will tour the state's congressional districts to urge representatives to vote against the bill. Locally, Rep. John Faso (R-Kinderhook) signed on to a letter in June with many other Republican representatives opposing this part of the larger tax proposal being discussed in Congress. Cuomo said, "Now they put a proposed compromise on the table, on the theory that New Yorkers are stupid. We are not stupid. This is like the old three-card Monte trick on the corner. What they now say is, 'well we will only raise taxes on the wealthier New Yorkers.' They'll have an income cutoff. 'And we'll only eliminate the deductibility above that income.' Yeah. And what happens when those people who see their taxes skyrocket? Say, 'you know what, I'm going to move out of the county. You know what, I'm going to move out of the state. It's too much.' That tax burden falls on everybody else."