Quantcast

Gotham Gazette

The Place for New York Policy and politics

Citizens Union
Loading

STATE

What’s The [DATA] Point? $67 billion


whats the data point


What's The Data Point? Episode 19 -- $67 billion, with Jay Kriegel of Related Companies and Americans Against Double Taxation [You can download What's The [Data] Point? wherever you get your podcasts, including on iTunes]

wtdp 19

$67 billion is the amount of state and local taxes paid that New York State residents deduct from their federal tax returns each year, under a deduction, SALT for short, that has been part of the federal tax code since it began in 1913, but is again being targeted by Republicans in Washington, D.C.

The push to end or drastically limit SALT is part of a larger effort by the Trump administration and congressional Republicans to overhaul the tax code, including a major corporate tax cut and the removal or reduction of other popular deductions, like for medical expense and student loan payments.

New York elected and civic leaders -- including this episode's guest, Jay Kriegel, are vehemently opposed to the effort to reduce SALT. Kriegel explains what's at stake and what he is doing to prevent what many believe would be a catastrophe for New Yorkers, and residents of other states as well.

Listen to the conversation and let us know what you think: Ben Max of GG (@TweetBenMax), Carol Kellerman of CBC (@cbcny), and guest Jay Kriegel (@NoDoubleTax). Listen below or download wherever you get your podcasts!

***
by Ben Max, Gotham Gazette
     

Read more by this writer.



Print Friendly and PDF

Editor's Choice


Gotham Gazette: East New York Rezoning, One Year Later East New York Rezoning, One Year Later Gotham Gazette: City Council Members Opt Out of Campaign Finance Program City Council Members Opt Out of Campaign Finance Program Gotham Gazette: Cuomo Contradicts Bharara on Prosecutors & Government Oversight Cuomo Contradicts Bharara on Prosecutors & Government Oversight Gotham Gazette: De Blasio Attempts to Clarify Latest Media Insult De Blasio Attempts to Clarify Latest Media Insult


Comments
Comment(s)

The comments section is provided as a free service to our readers. Gotham Gazette's editors reserve the right to delete any comments. Some reasons why comments might get deleted: inappropriate or offensive content, off-topic remarks or spam.