County Association Releases Guiding Principles for Federal Tax Reform - Hello Friends New News, In the article you read this time with the title County Association Releases Guiding Principles for Federal Tax Reform, We have prepared this article well for you to read and take the information in it. Hopefully the contents of the post Artikel IFTTT, Artikel Wellsville Regional News (dot) com, Which we write you can understand. Okay, happy reading.

Judul : County Association Releases Guiding Principles for Federal Tax Reform
link : County Association Releases Guiding Principles for Federal Tax Reform

County Association Releases Guiding Principles for Federal Tax Reform

In advance of the Vice President of the United States meeting in Western, New York, the NYS Association of Counties released the following guiding principles as negotiations continue to reform the Federal Tax Code:

 

• Federal tax reform is necessary, but it must not undermine federalism in the process. The deduction for state and local taxes has been in the federal tax code since the beginning and it protects taxpayers from double taxation. Making individuals and families pay federal taxes on taxes they already pay is something that should never be compromised.  

 

• Tax reform must be fair to New Yorkers, especially middle class families that are homeowners. These individuals are particularly vulnerable to paying higher federal taxes than they already do under the outlined proposals because of the elimination of the State and Local Tax (SALT) deduction, even if there is a doubling of the standard deduction.

 

• New York taxpayers already pay more in federal taxes than any other state, compared to what we get back in in federal outlays. The proposals on the table would make that imbalance worse. Federal tax reform must be fair and should not be financed on the backs of a handful of states.

 

For more on NYSAC’s opposition to eliminating the SALT deduction, visit http://ift.tt/2yPG0dp.

from Wellsville Regional News (dot) com http://ift.tt/2kV78BA
By New News

Such is the article County Association Releases Guiding Principles for Federal Tax Reform

That's an article County Association Releases Guiding Principles for Federal Tax Reform This time, hopefully can benefit for you all. Well, see you in other article postings.

You are now reading the article County Association Releases Guiding Principles for Federal Tax Reform With link address https://njuas.blogspot.com/2017/10/county-association-releases-guiding.html

Tweet

Subscribe to receive free email updates: