Published: Wed, February 13, 2019
Worldwide | By Isabel Fisher

Gov. Cuomo to meet with Trump about impact of tax changes

Gov. Cuomo to meet with Trump about impact of tax changes

Gov. Andrew Cuomo is meeting President Trump at the White House Tuesday to discuss how changes in the federal tax code are hurting NY, the governor announced Monday.

Cuomo asked Trump for a revision to the federal tax code, which limits state and local deductions to $10,000 on federal returns.

Cuomo says that change is prompting some wealthy residents to leave NY and leading to a worrisome drop in state revenue.

Democratic control of the U.S. House increases the likelihood that the cap could be repealed, Cuomo said.

Cuomo plans to travel to Washington on Tuesday and return to NY later in the day.

"Because he understands: You hurt NY, you hurt California, you're hurting the economic engines of this nation", Cuomo said on WCBS Newsradio 880. He added that the session "demonstrates the president's willingness to meet regularly with our nation's governors".

The president "listened to the governor's concerns", Trump spokesman Judd Deere said in a statement following the White House meeting.

"The president discussed economic growth opportunities for the State of NY, including helping lower energy prices throughout the entire Northeast by allowing low-cost, American energy to thrive with fracking and pipeline systems", Deere said.

Cuomo recently defended the legislation, which would permit abortions to be performed in NY by non-doctors up until the point of birth for a variety of reasons.

Prospects for new tax legislation that would expand or remove the $10,000 cap are slim, given the Republican majority in the Senate concern about potentially increasing the deficit without corresponding new revenue sources.

Sen. Chuck Grassley, R-Iowa, chairman of the Senate Finance Committee, shot down Cuomo's plea. Trump signed the tax reforms into law in late 2017.

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