Governor Cuomo: "New York contributes more to Washington than any other state. We're the number one donor state. We give $48 billion more than we get back. Why you would want to take more from New York, is a gross, gross injustice."
Earlier today, Governor Andrew M. Cuomo addressed the GOP tax plan and its impacts on New York State.
VIDEO of the Governor's remarks is available on YouTube here.
AUDIO of the Governor's remarks is available here.
A rush transcript of the Governor's remarks is below.
Governor Cuomo: The tax reform plan, they call a tax cut plan. In the State of New York, it is a tax increase plan. It has a diabolical dimension, which is the elimination of the deductibility of state and local taxes. Now that's a mouthful, and I think they're trying to rush the plan through before people understand what that means, but that means in a state like New York you cannot deduct your state income tax and your property tax before you pay the federal tax. So it is a tax on your taxes. This from a party that said they want to cut your tax, it's the first double taxation that we can come up with. It affects New York. It affects California. It affects about 12 states the hardest. All 12 states happen to be states that are so-called blue states. And not that I'm going to succumb to the conspiracy theory, but it's a heck of a coincidence. It would increase taxes for the people in the State of New York. What makes it an even more gross injustice is, the state of New York contributes more to the federal government than any other state. New York contributes more to Washington than any other state. We're the number one donor state. We give $48 billion more than we get back. Why you would want to take more from New York, is a gross, gross injustice. And then all of the compromises they're talking about, none of them work. It's just how much pain you would inflict. And how much you would increase taxes for middle-class workers. This is not a partisan issue. There are nine Republican Congress people. Seven of the nine were voting against it. Seven of the nine. Only two were supporting it. So it's not a partisan issue. It's all across the board. It's every Democratic Congressperson and seven of the nine.