Sunday, February 11, 2018

D.C. budget deal creates winners and losers in NY

Crain's New York reports:
The two-year budget deal reached in Washington on Friday ensures no draconian cuts in federal aid to the state and city, undercuts arguments to raise some local taxes and portends problems for Gov. Andrew Cuomo as he exaggerates the impact of Congress’s tax bill on New Yorkers.
There's more:
The D.C. deal is bad for those proposing a state tax increase on wealthy households who got a federal tax cut.
Imagine that.