Newspaper article The Record (Bergen County, NJ)

States Planning Suit to Overturn Federal Tax Law

Newspaper article The Record (Bergen County, NJ)

States Planning Suit to Overturn Federal Tax Law

Article excerpt

New Jersey Gov. Phil Murphy and his counterparts in New York and Connecticut said they'll sue within weeks to overturn a federal tax law that lowered rates for corporations and individuals while rolling back a deduction claimed by residents of high-tax states.

Murphy, New York Gov. Andrew Cuomo and Connecticut Gov. Daniel Malloy, all Democrats, said the Republican-sponsored tax law punished their states and other Democrat-led states by limiting to $10,000 the amount of state and local tax payments residents can deduct from their earnings in federal returns.

"It has nothing to do with sound policy making," Murphy said on a call with the other governors and reporters. "It's clear that it's political. It's punitive to blue states."

The governors said they plan to file a legal challenge in a federal court within two weeks. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.