New York’s governor met with the president yesterday to discuss a full repeal of SALT. That’s the part of the president’s 2017 tax cut package that capped the deductibility of state and local taxes. In a speech last week in the city, Governor Andrew Cuomo called SALT a political attack on New York…
Bloomberg News reported a Trump spokesman said the president “listened to the governor’s concerns” but offered no assurances on any changes. TheHill.com reported the president suggested opening the state up to fracking to improve its economy, and also expressed concern about the recently-passed abortion legislation. Cuomo has called the federal tax law a redistribution of wealth from richer, blue states to poorer, red states.