Page 10 - Salt Cap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Leave the state of new york. nothing else explains it, and he said as much in his tweet. you know? he said it was the, that he was not being treated well by the political forces. he's referring to the manhattan district attorney. he's also being sued by the state attorney general for information on his charity. so i think -- i think it's all about another legal tactic to avoid justice, which is is what we've been acome tcustomed to. >> you've been critical of the 2017 federal tax law passed by republicans and blame it for some residents fleeing your state because of the cap, the salt cap limit...

Scrutiny about its losses and the ceo's conflicts of interest. he stepped down last week. the new ceo says we have every intention to work as a public company. we look forward to revisiting the public equity mafshrkets ine future. a new york federal judge handed the trump administration a win, dismissing a lawsuit against the president's salt cap. the attorneys general of new york, new jersey and maryland, was unable to prove that it had exceeded its authority where it had the tax deduction. the deduction was capped to pay for lower tax rates for individuals and companies. andrew cuomo says ...

We know what the rules are and that's forcing states like new york to endure tax competition. paul: we heard cuomo ring the alarm bell, no question about that and candidly so. are we seeing states like new york change their behavior, change their policies to become more competitive in terms of the business climate? so far at least, i don't see that happening here. is it going to have to happen? >> i think it will over time as states begin to realize they can no longer shift this bu burden o washington. you know, the governor tries to blame this on a blue state, red state issue. it's really not...

>> that's right. paul: that makes the salt deduction issue ever more damaging to new york state. andrew cuomo's gone to donald trump and said can you help me with this. is that likely to happen? >> no, it's not likely to happen. i get pretty good assurances from folks in the white house that they may be accommodating the governor but i don't think they're going to give anywhere. you're certainly not going to see any give in the senate which would also have to approve this. this is law now and the great thing about the salt cap is it puts everyone on equal footing. no matter where you live in a...

Everyonone else in america. now we're on the same footing, we know what the rules are and that's forcing states like new york to endure tax competition. paul: we heard cuomo ring the alarm bell, no question about that and candidly so. are we seeing states like new york change their behavior, change their policies to become more competitive in terms of the business climate? so far at least, i don't see that happening here. is it going to have to happen? >> i think it will over time as states begin to realize they can no longer shift this bu burden o washington. you know, the governor tries to b...