Page 26 - Salt Deduction News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

Pay any tax and they doubled the standard deduction. the corporate rate was at 35%. that was dissuading companies from investing and bringing back money to the united states. most people agree the corporate rate had to come down. there is a debate -- it could have gone down to 21%. you are saying the salt deduction. >> bill: they could have gone more on the individual side. there will be payback at tax time. >> corporations having lower taxes will encourage them to hire more people, create more jobs, and invest their money. >> bill: we'll have a ton to talk about, aren't we? cheerios is $4 a b...

Your screen through the pro forma return, max out the retirement plan contribution and put money away in a 5-to-9 plan. >> we have a lot to cover. and have your accountant do a pro forma forecast, a big deal for you and for me, standard deduction doubled this year that might preclude you itemizing your deduction and keep those receipts and it is easier to file. and -- rob: a lot of people are losing their salt deduction. >> a lot of people are but it is a standard deduction and individual rates have fallen significantly for a lot of the middle class.

Democrats were campaign on health care and not talking about the president, weirdly enough i think people there were crazy. >> i think what happened is the electorate was softened up in being anti-trump. in new york and new jersey, they layerred the salt deduction in high tax districts in order to grab points from republicans. then they used the pre-existing conditions because of the vote that never became law as another layer. democrats weren't campaigning on a particular policy agenda with health care, they want to make it more accessible. less costly. we all do. i don't think they were layi...

Health care and not talking about the president, weirdly enough i think people there were crazy. >> i think what happened is the electorate was softened up in being anti-trump. in new york and new jersey, they layerred the salt deduction in high tax districts in order to grab points from republicans. then they used the pre-existing conditions because of the vote that never became law as another layer. democrats weren't campaigning on a particular policy agenda with health care, they want to make it more accessible. less costly. we all do. i don't think they were laying out a marker as to what ...