Gov. Cuomo Says GOP Tax Plan has ‘Diabolical Dimension’

John Jordan | November 3, 2017

New York State Governor Andrew Cuomo

ALBANY—New York Gov. Andrew Cuomo joined a chorus of business and political leaders to voice his opposition to the GOP tax reform plan released on Thursday by the U.S. House Ways and Means Committee.

In a statement released to the press, the governor did not mince words saying the tax cut plan by the GOP in Congress is a “tax increase plan” for New York State taxpayers.

“It has a diabolical dimension, which is the elimination of the deductibility of state and local taxes,” the governor said. “Now that’s a mouthful, and I think they’re trying to rush the plan through before people understand what that means, but that means in a state like New York you cannot deduct your state income tax and your property tax before you pay the federal tax. So it is a tax on your taxes.”

Gov. Cuomo said that the tax plan is double taxation that affects New York, California and another 12 states the hardest, which so happen to be blue or Democratic Party leaning states.

“What makes it an even more gross injustice is, the state of New York contributes more to the federal government than any other state,” Gov. Cuomo stated. “New York contributes more to Washington than any other state. We’re the number one donor state. We give $48 billion more than we get back. Why you would want to take more from New York, is a gross, gross injustice.”

He concluded his statement by charging that the GOP tax plan would increase taxes for middle-class workers. He also noted that of the nine Republican members of the New York Congressional delegation, seven have stated they would vote against it. In addition, all Democratic members of Congress representing New York are against the GOP tax plan, the governor noted.

John Jordan
Editor, Real Estate In-Depth