DAvideo
alle Bilder sehen ;)
Designed by: Hinx3
OSWD 2004

Valid HTML 4.01!

Cuomo Sees Blow From New York Tax Hike Plan Offset by SALT Repeal

Bloomberg Quicktake: Now
New York Governor Andrew Cuomo said he expects the tax increases in his state budget deal to be offset by a repeal of the federal cap on state and local tax deductions.

Cuomo said he has spoken to New York’s congressional representatives and President Joseph Biden, and “fully” expects a SALT repeal. When that happens, net taxes will be 37% lower, the third-term governor said Wednesday during a press briefing.

“When you talk about this tax package you cannot talk about it without anticipating a SALT repeal,” he said. “When SALT is repealed, the taxes will be going down.”

It remains unclear if the SALT cap will be repealed. The $10,000 cap is a prime focus for Democrats in Congress, who have said they won’t support Biden’s tax increases to fund his infrastructure proposal unless the plan includes a repeal of the cap. Representatives from high-cost states, including New York and New Jersey, have said the restrictions on the tax break -- enacted by former Republican President Donald Trump -- have caused their residents to pay more in taxes.

Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm

Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.

To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.

Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30

Connect with us on…
YouTube: https://www.youtube.com/user/Bloomberg
Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews
Twitter: https://twitter.com/quicktake
Facebook: https://www.facebook.com/quicktake
Instagram: https://www.instagram.com/quicktake

· 07.04.2021 · 20:18:30 ··· ··· Wednesday ·· 3 (3)
· 07.04.2021 · 20:39:46 ···
0**

· 20.03.2021 · 00:00:00 ···
· 16.04.2021 · 15:09:02 ···
· 16.04.2021 · 05:16:03 ···
· 16.04.2021 · 10:09:14 ···