Governors of three high-tax states said Monday they’re considering suing to stop the GOP-backed tax overhaul that limits deductions for state and local taxes.
”We are looking at the legality now. This is double taxation. They are taxing the taxes,” said Gov. Cuomo during a conference call with California Gov. Jerry Brown and New Jersey Gov.-elect Phil Murphy.
”This is from the party that is against taxation. This takes from the richest states and has them subsidize a tax cut for the less wealthy states. It may well be illegal and unconstitutional.”
Brown said the tax plan, which Republican lawmakers insist will spur the economy, will not only negatively affect high-tax states but the country as a whole.
”They’re hurting California, Massachusetts and New York but they’re also hurting the United States. They’re attacking the vital sinews of the American economy. It’s really stupid,” he said. “The right thing for America is to defeat this bill.”
The Senate and the House have passed their tax plans – and both eliminate state and local income tax deductions and limit property tax deductions to $10,000.
The two chambers now have to reconcile their versions, and President Trump said he wants a bill ready to sign by the end of the year.
Murphy said there’s still time to stop it.
”We’re in the ninth inning,” he said.
