The newly enacted federal income law provision limiting state and local tax (SALT) deductions "is likely to substantially decrease home values" in New York, Connecticut, Maryland and New Jersey.
That's a key claim of the lawsuit filed by the four states against the Trump administration today with the goal of having the $10,000 SALT deduction cap declared unconstitutional.
High-tax New York has just lost one of its oldest money-management firms to low-tax Nashville, Tennessee—highlighting an ongoing shift of Wall Street jobs, and of high earners in general.
The region’s highest 2017 effective tax rate - $62.95 per $1,000 of home value - was shouldered by Village of Liberty homeowners, according to an Empire Center report released Monday.
Count New York’s government-employee unions among the biggest winners of this year’s budget battle — with taxpayers as the big losers.
In the dead of night, the Legislature adopted language that aims to protect public unions’ political power from a likely US Supreme Court ruling.
Led by New York's Charles Schumer, U.S. Senate Democrats just unveiled a "Jobs and Infrastructure Plan" that would be financed disproportionately by Empire State taxpayers.
To cover the 10-year, $1 trillion price-tag of their package, Senate Democrats would reverse several provisions of the newly enacted federal tax changes—including reductions in the top income tax rate and in the Alternative Minimum Tax (AMT).
Click headline for data table.
New York’s public building costs are the most expensive in the world partly because taxpayers are subsidizing skyrocketing pension and health care costs for the construction industry, according to a study released on Monday.
State Senate Republicans today issued a "Blueprint for a Stronger New York" that combines a few solid big-picture tax reduction priorities with more of the wasteful "tax relief" gimmickry that's become a standard feature of the Senate GOP tax policy agenda in recent years.