Here comes federal “Tax Reform 2.0” by E.J. McMahon | | NY Torch

Congressional Republicans today unveiled a summary of their plans for permanently extending last year's federal income tax cuts—presumably (but not explicitly) subsidized by a permanent $10,000 cap on state and local tax (SALT) deductions.

More on that flaky SALT suit by E.J. McMahon | | NY Torch

The New York-led multi-state lawsuit challenging the new federal tax law is not as weak as you might have heard.

If anything, it's even worse—a 141-page mashup of half-baked numbers, dubious factual assertions and (largely well-founded) political arguments masquerading as constitutional jurisprudence.

A SALT cap surprise (so far) by E.J. McMahon | | NY Torch

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.

Wind costs will blow north by Ken Girardin | | NY Torch

Upstate New York ratepayers will pick up more than half the multi-billion-dollar tab for a massive offshore wind turbine project that will provide very costly power for Long Island and New York City.

Shifting Shares by Bill Hammond | | Reports

This issue brief explores the financial considerations and policy challenges associated with eliminating the local Medicaid share and reviews the options for implementing a state takeover.

Cuomo’s upstate hype continues by E.J. McMahon | | NY Torch

Governor Cuomo frequently asserts that his policies have ignited an economic turnaround in upstate New York, and he's been known to cherry-pick numbers to back himself up. He was at it again during a swing through the Mohawk Valley earlier this week—and, once again, the statistical cherries were in bloom.

How NY will thwart Janus rights by Ken Girardin | | NY Torch

A senior member of the state Assembly is already promising to introduce legislation that would effectively use taxpayer money to reimburse government unions for the “agency fees” they are no longer allowed to collect under last week’s SCOTUS decision in Janus v. AFSCME.
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