FALSE – N.Y., NJ Governors Blame Shrinking Revenue on Federal Tax Changes
ALBANY—Northeast states governed by Democrats are blaming recent revenue shortfalls on the 2017 federal tax law and its changes to the deductibility of state and local taxes.
New York Gov. Andrew Cuomo and New Jersey Gov. Phil Murphy have both regularly attacked the provision of the tax overhaul that capped the deductibility of state and local taxes, or SALT, at $10,000.