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New York’s Top Two Democrats Team Up Against Federal Tax Changes

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ALBANY (WSKG) –  The state’s governor and senior senator teamed up to urge New York’s Congressional delegation to oppose a provision in the federal tax overhaul plan that they say could be harmful to the state’s taxpayers and New York’s economy. Speaking outside a suburban home in Albany County, Senator Chuck Schumer and Governor Andrew Cuomo called the federal plan to get rid of the state and local tax deductions “double taxation”. Schumer says middle class New Yorkers will pay more money in taxes each year if the proposal is approved. They cite a study from the Institute for Taxation and Economic Policy, which finds the GOP plan would cause 23 percent of New York taxpayers making $65,900 to $111,100 to see an average tax increase of $460,  and 42 percent of taxpayers making between $111,100 and $240,900 to see an average tax increase of $1,960 next year. “That’s a lot of money out of the pockets of middle class and upper middle call New Yorker’s,” Schumer said.