Washington Times: Andrew Cuomo complains about tax breaks for wealthy — then signs off on N.Y. loopholes

Matthew Gardner, a senior fellow at the left-leaning Institute on Taxation and Economic Policy, said this appears to be another example of wealthy Americans “gaming” the tax system through special loopholes.

“The whole point is to help New Yorkers to avoid a tax hike, and in particular to help wealthy New Yorkers avoid a tax hike,” he said.

Mr. Cuomo’s office didn’t respond to requests for comment, but New York is just one of a handful of high-tax blue states that sought to find ways to protect its residents from changes in the federal law.

Along with the governors of Connecticut and New Jersey, Mr. Cuomo has vowed to sue the federal government. The governors say the tax law illegally targets their states, leaving some residents with higher tax bills relative to others who received bigger tax cuts. Read more

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