New York and New Jersey File Suit Against Trump Tax Plan

ALBANY — Four states including New York and New Jersey sued the federal government on Tuesday over a sharp reduction in the deductibility of state and local income taxes, a central part of President Trump's tax overhaul, saying that the change was an ... New York and three other states claim Trump tax law is unconstitutionalCNN States challenge federal deductions cap on state and local taxesThe Hill States sue US to void state and local tax deduction capReuters Bloomberg -CNBC -National Review -New York State Attorney General

Continue Reading...

States Sue IRS, Treasury To Strike Down SALT Cap Under New Tax Law

In the days following tax reform, leaders in some states complained loudly about feeling targeted by deduction caps imposed on state and local taxes (SALT). Now they've taken action. Today, four states (Connecticut, Maryland, New Jersey, and New York) ... States challenge federal deductions cap on state and local taxesThe Hill New York and three other states claim Trump tax law is unconstitutionalCNN States sue US to void state and local tax deduction capReuters Bloomberg -National Review -CNBC -NJ.com

Continue Reading...

Democratic States Sue Trump Administration Over Tax Overhaul

A coalition of states led by New York sued the federal government Tuesday, alleging that last year's tax overhaul was politically motivated and designed to interfere with the rights of states to manage their finances. New Jersey, Connecticut and

Continue Reading...

New York and three other states claim Trump tax law is unconstitutional

(CNN) New York, Connecticut, Maryland and New Jersey filed a lawsuit Tuesday claiming last year's tax overhaul violated the constitution by unfairly targeting Democratic states. The law puts a new cap on how much Americans are allowed to deduct for

Continue Reading...