[talaniman]

We can have that debate, but I'm not sure what you mean by ripping off, so help me out as logic tells me that a high value, high populated, area needs a lot of taxes just to support the energy and water bills. We are talking 8 million folks in NYC, alone right? Hmm, even with the biggest casino in the known world... Wall Street, it would seem that NYS would be flush. WHY isn't it?

In addition how does that help those poor red states that take more of those federal dollars than they put in? If Big blue states are contributing to the federal coffers why should they get less back than the red states who don't? Not logical.

[tomder55]

let the states tax until the cows come home . I don't care .That is the state's business and the people of the state's business. The people can vote with the ballot or with their feet . I have always objected to this notion that the den of thieves in Albany can plunder my money and then say .....but you can deduct it from your Federal Taxes . Why should the people of Texas have to pay for a carp sandwich like this ?
https://www.vox.com/policy-and-polit...subway-phase-2
I joked about the Big Dig in Boston ;but they are pikers compared to the corruption in Albany and Manhattan.

If you crunch the numbers, and figure out how much more federal income tax residents of NY state will pay with the scaling back of the SALT deduction (and mortgage interest cap), I would wager it couldn't buy 1 mile of subway track/tunnel...

[paraclete]

I'll bet you would care if those taxes weren't deductible, but tell me, Tom, what happens to those who don't have enough income to make a deduction worthwhile. What it means is those at the bottom pay effectively more tax than those at the top, so tax cuts to the wealthy are a little suss, don't you think? Unless the low end gets a real tax cut?

[tomder55]

I'm opposed to all deductions . All that really is is a redistribution scheme. It certainly isn't the fault of taxpayers in Texas and Florida that NY State screws their residence .

[talaniman]

Repubs sure couldn't have passed their tax cuts bill through the reconciliation process without those cuts to the blue states deductions and as it stands they still needed some carve outs for specific senators to get on board. It still remains deficit spending, which means budgetary cuts yet to come from somewhere. Traditionally tax cuts have never triggered wage growth, but has caused interest rates to rise, and prices tick up and for the ordinary citizen that could very well eat whatever tax cut benefits they thought they were getting.

Now that the holiday season is over, I expect those job numbers and GDP growth number to take a hit as seasonal adjustments are accounted for and people start paying for their Merry Christmas, and Happy New Year. While Trump gets on TV and touts his tax cuts for the middle class, he brags to his fellow rich guys at Mara Lago how he made them a whole lot richer. Talk about redistribution schemes!

Can't wait to see the reactions of the states, coming soon to a city near you.

[tomder55]

il Duce Cuomo is already threating law suits over alleged equal protection clause violations .His logic escapes me .

[talaniman]

Taking The Dufus and his sycophants to court IS LOGICAL. He hasn't done that well with the rule of law.

[paraclete]

Taking The Dufus and his sycophants to court IS LOGICAL. He hasn't done that well with the rule of law.

He hasn't done that well with the rule of anything