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Democratic Governors to Sue Over Tax Law

Democratic Governors to Sue Over Tax Law

That will disproportionately harm their residents, the governors said in a conference call, and is motivated by politics rather than sound fiscal policy.

And while the precise legal details of the lawsuit are still being finalized, and there are questions about how successful it might be, the three Democratic governors also hope the suit will allow a public behind-the scenes look at the partisan politics they believe drove the tax bill.

Cuomo said the federal law uses high-tax states like NY to help pay for tax breaks in Republican states.

"An interesting discovery" was the phrase that New Jersey Gov. Phil Murphy used Friday to describe the goal of the document review that the case will trigger.

Those sentiments, naturally, were shared by the other governors in the coalition, who agreed the new law - championed by Trump and squeaked through the GOP-led Congress - will unfairly cost their states billions of dollars.

Malloy added that the vast majority of money raised from property taxes in CT go to education, and the federal government in Washington, D.C. should not have a role in "local decision-making" regarding where the money is spent.

"This is purely double taxation", Cuomo said.

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They also said they are talking to other states about potentially joining the coalition. "In short, hundreds of thousands of residents could see a tax increase even as their property values decrease". "The coalition we launch today will fight against the discriminatory impacts of this shortsighted and damaging Republican law on our states".

"In so many ways, these changes discriminate against our state, against our economy, against the individual citizens that live in our state", said Malloy.

In 2015, the average New Yorker's SALT deduction was $22,000. "Infrastructure is critical to creating jobs and increasing economic opportunity in our region, and I believe this funding will go a long way in making our communities safer and more accessible".

"All you need is one email that says, 'These are Democratic states and therefore we can get it passed, ' " Mr. Cuomo said, referring to the tax law. The payroll taxes are still deductible by companies under the new federal tax law.

Experts, though, have questioned whether states can successfully fight the federal government's decision to limit tax deductions.

"States are not colonies of the federal government". Coincidentally have virtually no representation in the United States Senate. The governors said they plan to file a lawsuit in the coming weeks - perhaps with other states, too - to try to overturn it. They could then deduct that contribution from their federal taxable income.


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