Page 2 - Donor State News Today

Protecting illegal immigrants and legalizing pot its priorities. is it time for the golden state to secede and become its own country. the man who says yes joins us right now. hes the president and co-founder of yes, california. marcus, why do you want to leave us? >> we need money and our cultures are not intact. look at the war the federal government launched on california. you never had a california governor talk like that. now you have 30 lawsuits from california against the federal governme...

Raise the taxes. municipalities, to access the bonds market for murch of the infrastructure, and really cant borrow more. thats why the federal government especially for infrastructure, its so critically important. and all theyre trying to do is shift all of those costs back over to local governments who cant afford them. >> so, andre, how do you pay for this? i mean, some of the available pay-fors were used in the tax reform bill. and now when it comes to infrastructure, initially, it was a tri...

You take away those deductions and you replace that with a $24,000 deduction and that winds up being a tax increase for many new yorkers. you talk about the average new yorker. a hard working, middle class taxpayer. in new york thats a schoolteacher and a firefighter, a police officer and a nurse. a construction worker and a bus driver. making $200,000 as a family income doesnt make them rich. thats middle income here. but that will result in eliminating those deductions for those hard-working p...

Number one, we are a donor state. what does that mean? that means in the state of connecticut we will send to the federal government we will send more than we receive. and we do that gladly because we think its important especially on veterans day to make sure we are taking care of our veterans and our national parks, inf infrastructure, health, we believe in tall all of that. but since 1913 when the code was first established, there was put in there a provision for state and local tax deduction...

What would allow you to support this piece of legislation? >> the only way to even be considered would be if the full property tax deduction was restored. and if the state income tax is restored. other than that, this is going to be a tax increase on my constituents. first of all, theyd be losing two major deductions that have been in the tax code for years. and new york is a donor state. we give more money to the federal government than we get back. so were subsidizing the rest of the country a...

Concern about the elimination of state and local tax deductions. >> if the tax bill increases that too much, you are a know? >> i want to make sure we have reasonable assumptions. >> to take away that deduction without -- that will be a devastating impact on new york state. the fact is, new york is a donor state. we give $48 billion more to the federal government and we get back. right now there is still strong resistance to that. >> harris: missouri senator roy blunt is vice chairman of the con...

Putting this all together? >> oh, but its so clear that there is a large problem that the middle class is facing. and the elimination of the state and local income tax deduction is something that is very problematic for so many. california is one example where it is a donor state. it actually gives $17 billion more than it receives back. and if there is the elimination of the state and local tax deduction, salt, that would hurt the revenue that comes into our federal government. >> the let me as...

Subsidized by the federal government allowing this deduction. in fact, new york is a donor state. for every dollar we spend we only get 79 offensive dollars spent. >> now spring in the senior editor for roll call, david, always good to talk to. we will start here, the bumpy or smooth path forward. what lawmakers are willing to give a little bit, well talk about them and what is they are wanting return and is in the realm of possibility? >> my questions there. it will be a bumpy road for sure. if...

States. i would like to see a state and local tax deduction entirely but i understand we need to figure this out and there are people who want to eliminate it entirely, i will try to find common ground. >> harris: 20 of you, thats a big number. >> theres a philosophy in washington, we are being subsidized by the federal government, new york is a donor state, we only get $0.79 worth of federal aid to back or federal resources back, we are a donor state. >> harris: thats an excellent point. how ti...

Counties, and states across the country that are considered sanctuary jurisdictions. heres californias attorney general. >> california is a donor state to the federal treasury. we always give more taxpayer dollars that we get back. now we are being told we will not get some of those dollars back then we not only deserved but are entitled to simply because we will not follow toms edict on immigration? we will take him on. >> sandra: meanwhile attorney general jeff sessions to give a speech tomorr...