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NY Judge Dismisses Blue State suit against SALT Deduction Cap


Mephistopheles
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https://www.cnbc.com/2019/09/30/new-york-judge-dismisses-blue-state-suit-over-salt-tax-deductions.html

 

As a NY'er I'm negatively affected by this. Still I think the problem is the states not the federal government.

 

"There is no doubt in my mind that President Trump's unfair tax policy targets New York and other blue states by funding tax cuts for corporations and the rich on the backs of New Yorkers," New York Gov. Andrew Cuomo, a Democrat, said in a statement.

 

I guess this socialist doesn't see the irony here.

 

Here's a solution: how about lowering SALT taxes?

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These lawsuits - and the various schemes the high-tax jurisdictions have concocted to get around the SALT cap - have a tenuous legal basis. This is the outcome I expected, although there will be many appeals and a possible grant of certiorari by SCOTUS until this issue is finally put to bed. I say the following in all frankness as someone who generally sympathizes more with the center-left than the center-right: If you don't like federal tax policy, win federal elections.

 

It's amusing to me to see the self-appointed "progressive" Boomer champions of the working class scream bloody murder now that they are unable to write off the property tax on their McMansions.

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