NY may re­view tax code, says gov­er­nor

Daily Nation (Barbados) - - Front Page -

WASH­ING­TON – The gov­er­nor of New York said yes­ter­day that the state was con­sid­er­ing restruc­tur­ing its tax code in re­sponse to a fed­eral tax over­haul bill that re­cently be­came law, which he said may be un­con­sti­tu­tional.

Repub­li­cans in Congress passed the largest over­haul to the na­tion’s tax code in three decades last week, a bill that U.S. Pres­i­dent Don­ald Trump signed into law on Fri­day.

Among the changes to the tax code is a cap on a de­duc­tion for state and lo­cal taxes. Crit­ics to that pro­vi­sion say it pe­nalises states like New York that have high taxes, many of which did not vote for Trump or have Repub­li­can sen­a­tors.

“We’re go­ing to pro­pose a restruc­tur­ing of our tax code. I‘m not even sure what they did is le­gally con­sti­tu­tional and that’s some­thing we’re look­ing at now,” said An­drew Cuomo in an in­ter­view with CNN.

“You can change the tax code. You can’t penalise my state be­cause of its po­lit­i­cal af­fil­i­a­tion. There’s never been a dou­ble taxation be­fore in the his­tory of the na­tion,” Cuomo added, al­though he sug­gested a le­gal bat­tle in the court sys­tem may prove dif­fi­cult. (Reuters)

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