Tags: peter king | omb | mulvaney | state | local | deduction

Peter King: OMB's Mulvaney 'Screws' New York

Image: Peter King: OMB's Mulvaney 'Screws' New York

By    |   Tuesday, 14 Nov 2017 11:28 PM

Rep. Peter King said Tuesday that White House budget director Mick Mulvaney "tries to screw New York" by doing away with the state and local deduction in the competing Republican tax plans pending in Congress.

King, the New York Republican, took to Twitter:

The deduction — used heavily by residents in such high-tax states as New York, California and New Jersey — gives credit for payments of state and local income, sales and property taxes.

The Senate version, introduced last week, does away with the entire deduction, while the House plan — to be voted on Thursday — allows individuals to deduct property tax payments up to $10,000.

Mulvaney was a fourth-term representative from South Carolina when President Donald Trump named director of the Office of Management and Budget in December. He was confirmed by the Senate in February.

In King's tweet, he was referring to a report from the Tax Foundation showing that South Carolina receives $1.35 for every federal tax dollar it sends to Washington versus 79 cents for New York, Newsday reports.

"The fact is that states like South Carolina are living off New York," King told the New York newspaper. "Is that fair?"

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The deduction — used heavily by residents in such high-tax states as New York, California and New Jersey — gives credit for payments of state and local income, sales and property taxes.
peter king, omb, mulvaney, state, local, deduction
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2017-28-14
Tuesday, 14 Nov 2017 11:28 PM
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