Tags: cuomo | gop | tax bill | fraud

NY Gov. Cuomo Slams Tax Bill as 'Ultimate Fraud'

NY Gov. Cuomo Slams Tax Bill as 'Ultimate Fraud'
(AP)

By    |   Monday, 11 December 2017 09:03 AM

Calling the Republican tax plan "the ultimate fraud," New York Gov. Andrew Cuomo insisted it is nothing more than a "tax cut for corporations and the rich."

Cuomo's comments came in a column in The Buffalo News.

"While the topic is complicated, here is the inarguable fact: 50 percent of the tax cut goes to the wealthiest 1 percent of Americans," he said. "And it is paid for on the backs of New York's working- and middle-class families.

"This bill is the ultimate fraud, and it will deliver a death blow to the economy in western New York and across the state."

He said the plan is financed, in large part, by eliminating or capping deductions of state and local taxes.

"It will hurt New York more than any other state: 3 million New Yorkers — including nearly 20 percent of taxpayers in western New York — will pay $16 billion more in taxes," he said.

"The plan essentially uses New York to pay for the tax cut in other states. Twelve states are hit the hardest by eliminating state and local deductions, and they are all Democratic states.

"In New York, five of nine Republican representatives bucked their political bosses and joined their Democratic colleagues to oppose this bill because they recognized that it would cause irreparable harm to our state's long-term competitiveness."

And he added: "(Republican) Congressman Chris Collins and the three other members who supported this unfair and unequal plan voted to take money from their constituents and send it to corporations and wealthy people in other states."

Cuomo said Republicans are proposing what they call a "compromise" that would permit people "to deduct up to $10,000 in income and property taxes."

"They claim this provision will protect their constituents," he said. "That's baloney."

"Even with the cap, rolling back state and local deductibility will immediately increase taxes on 129,000 taxpayers in the western New York counties represented by Collins, or nearly 15 percent of taxpayers."

But he maintained there is still time to "stop this assault on New York."

"Treating New Yorkers fairly is the right thing to do," he said. "I don't care if you're a Republican congressperson or a Democratic congressperson, this is very simple: Are you more loyal to your political party boss or are you there to represent the people in your district?"

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Calling the Republican tax plan "the ultimate fraud," New York Gov. Andrew Cuomo insisted it is nothing more than a "tax cut for corporations and the rich."
cuomo, gop, tax bill, fraud
389
2017-03-11
Monday, 11 December 2017 09:03 AM
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