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By Che Odom
New York Gov. Andrew Cuomo (D) asked President-elect Donald Trump to preserve the federal tax deduction for taxes paid to states.
Cuomo, who met the new president on Jan. 18 in New York, told reporters in the lobby of Trump Tower that ending the deduction for state and local taxes “would be devastating on the state of New York,” as well as California and other large states.
Trump has expressed an interest in ending the deduction. Cuomo’s meeting demonstrates the importance of the issue at the state level.
New York’s personal income tax rates are seventh-highest in the country and second-highest for New York City residents, who also pay the city income tax, according to E.J. McMahon, research director at the Empire Center for Public Policy, a conservative Albany think tank.
“This would dramatically raise the effective tax price of living and doing business in New York, compared to states with low or no income taxes,” McMahon said in a recent blog post.
Cuomo said he also talked with Trump about repeal of the Affordable Care Act, which he said could have a dramatic impact on the 3 million New Yorkers who were uninsured before the law was enacted. It also could have a tremendous impact on public health.
“It is very important to protect the accomplishments of Obamacare,” he said.
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