GOP Tax Reform Scam a Declaration of War Against Blue States Like NY
If you had any doubt of this just look at the caving of the so called GOP Senate moderates-Bob Corker, McCain, and now Susan Collins.
’ll admit, I fell for it. Even as I was warning the anti-Trump resistance not to trust Republican Senator Lisa Murkowski because she’s a conservative extremist who just happens to personally dislike Trump, and never to count on John McCain because he uses a magic eight ball to cast his Senate votes, I fell for Susan Collins. She positioned herself as a moderate Republican from a moderate state who was better than her increasingly corrupt and lawless party. Wow was I wrong.”
As for the effect of the worst tax bill since the Poor Laws itself, it’s more or less a declaration of war on Blue state governments.
The Republican tax bill, largely written by lawmakers from rural and Southern red states, is about to squeeze urban America.”
Is this an accident that it helps low tax red states and screws high tax-and high government service states-like NY?
“The bill would eliminate tax breaks for everything from bike commute subsidies to building charter schools. One break for refinancing municipal bonds — which saved New York City alone $425 million over the past four years — would be gone. A key break for rehabbing old buildings is getting scaled back. At the same time, mayors and county executives are going to face pressure to cut taxes themselves.”
“The $10,000 cap on state and local income and property tax deductions is by far the biggest blow for high-tax, high-cost-of-living, liberal big cities and their surroundings. The deduction was worth an average of $24,900 to New York County residents and $17,000 to those living in Marin County, Calif., across the bay from San Francisco, according to 2014 IRS data compiled by the Tax Foundation.”
“Capping the benefit will potentially expose residents of those areas to a higher tax liability and reduce their property values.”
“That’s immediately challenging civic leaders in those places.”
“As far as I’m concerned, this is the screw-New Jersey bill,” said Mayor Brian Wahler of Piscataway, N.J. “New York, New Jersey, Connecticut: Screw the Northeast.”
The GOP hates the state and local deductions for two reasons:
1. It helps people of modest income. The so called ‘loopholes’ for the wealthy are left in tact if not expanded.
2. It prevents blue states from funding higher public expenditures.
“Conservatives have long targeted the deduction for elimination, saying it amounts to a federal subsidy for state and local overspending. Limiting deductions for state and local taxes helps reduce tax rates for all taxpayers no matter where they live, Sen. Pat Toomey (R-Pa.) told reporters recently.”
That’s “more fair than providing a concentrated benefit for people who choose to live in a place that has very high state and local taxes,” he said.
This will lead to a ‘race to the bottom.’
“Paul White, executive director at Transportation Alternatives, a New York group that promotes walking and biking to work, put it more bluntly: “This bill runs counter to everything we are fighting for.”
“Wahler, who’s run City Hall in Piscataway for 17 years and is a past president of the New Jersey Conference of Mayors, is thinking about trimming $8 million in road improvements planned for next year, out of a project originally tabbed for $60 million in total. He’s also looking to cut back on hiring new police officers to replace those retiring from the force.”
“Emergency services and road projects aren’t the only public services expected to suffer as a greater financial burden hits cities and counties. Affordable housing and education are also on the list.”
“Public school advocates are lamenting the cap on the state and local tax deduction, fearing it will lead residents to pressure state and local officials to cut taxes that also fund public education.”
“Urban schools already struggle with inequitable school funding compared with their suburban counterparts and serve high concentrations of low-income and minority students, public school advocates said. And urban areas with a weaker tax base may struggle to make up for what public school revenue could be lost.”
“I think there’s likely to be a significant burden on urban and other low-income districts that don’t have a capacity to generate revenue at the local level,” said Thomas Gentzel, executive director of the National School Boards Association, a nonprofit.
The worst tax bill since the Poor Laws.
Meanwhile Peter King will nominally vote no today while knowing perfectly well it will pass. It’s pretty obvious that IF Paul Ryan needed his vote to pass it he’d get it.
P.S. I’m Mike Sax, I’m running for Congress in the NY 2nd District and I’m a Hillary Clinton Democrat.
Meeting her recently was one of the biggest honors in my life to stand next to such a fine public servant and trailblazer. She seemed to like our Impeachment Train campaign t shirts too!
Think of the shirt as a one time investment in restoring legitimacy to this country.
And please donate so we can compete with Peter King’s $4 million. I know no lobbyists or millionaires like Peter King. Small donations are the engine of the Mike Sax NY2 campaign. Together we can do it. Because we must.