In a continued tantrum against the “Tax Cuts and Jobs Act,” Governor Cuomo called the tax changes an “economic missile” as he unveiled his new budget proposal for the fiscal year. His solution? Raise more taxes mainly on businesses and restructure certain taxes so that New York … [Read more...] about Cuomo Unhinged
Governor Cuomo has come out blasting the new tax law, and in particular the substantial reduction in the deduction for State and Local Taxes (“SALT”), as unconstitutional and an “attack only on blue states.” But everybody who has any knowledge of taxation and its … [Read more...] about Governor Cuomo: Clueless or Dangerous?
I am very glad the new Tax Cuts and Job Act is now law. With ongoing work reforming and reducing regulations, the tax bill will spur economic growth, and get people to understand the importance of reducing marginal rates. On the corporate side, the huge rate reduction (from 35% … [Read more...] about The New Tax Law: Politics Over Reform
The House Ways and Means Committee & Senate Finance Committee has published a memo with highlights from the current form of the tax cuts bill that will be voted on right before Christmas. To read the memo, you can go here: The Tax Cuts and Jobs Act (H.R. 1) overhauls … [Read more...] about Tax Cuts and Jobs Act Policy Highlights
This clawback, like the Pease Amendment , is hidden in a calculation. This is fraudulent -- it intentionally tries to deceive. and tax law should not try to deceive taxpayers. With this maneuver, the Republicans are looking like the Democrats. The lowest tax bracket is the … [Read more...] about More on the GOP Clawback Proposal