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New York and New Jersey File Suit Against Trump Tax Plan

from The New York Times

Four states including New York and New Jersey sued the federal government over a sharp reduction in the deductibility of state and local income taxes, a central part of President Donald Trump's tax overhaul, saying that the change was an "unconstitutional assault" on their sovereignty. The suit had been promised for months, as Democratic leaders of several states denounced the president's plans, including Gov. Andrew M. Cuomo, who had called the limits on such deductions an "economic missile" at the heart of New York, already a high-tax state, and its economy. more


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