WXXI AM News

Capitol Bureau

Governor Cuomo and New York Senator Chuck Schumer are once again warning that New Yorkers will be hurt if the Republican tax overhaul plan in Congress is approved.

Schumer, who is Senate Democratic Leader, says while the tax plan has changed from the original version, 71% of the deductions that now benefit state residents would be eliminated. The plan would end deductions for state and local income taxes, and cap the property tax deduction at $10,000 a year.  

Governor Cuomo is not pleased with the Republican House of Representatives tax overhaul plan, calling a key provision “double taxation” on some New Yorkers.

Cuomo says the proposal to eliminate the deduction of  state and local income taxes from federal tax forms is a  “diabolical dimension” that will raise taxes overall for many middle and upper middle class New Yorkers.  That’s because New York is a relatively high tax state.

“It is a tax on your taxes,” Cuomo said.

Proposition One on New York’s ballot, which asks voters whether there should be a constitutional convention, is getting a lot of attention, with TV ads and social media posts.

But there are two other proposals for voters to consider.

Proposition Two would modify the state’s constitution to allow judges the discretion to strip the pensions from some elected officials convicted of felonies. It was prompted by a corruption crime wave that’s hit the State Capitol in recent years and resulted in dozens of arrests, indictments, convictions and imprisonments.

It appears opponents of holding a state constitutional convention have the momentum as Election Day approaches. They’ve spent more money than supporters, and a recent poll shows the public is leaning against it. But backers are not giving up just yet. 

A new poll finds that the ballot question on whether to hold a constitutional convention in New York has become widely unpopular with voters. 

The Siena College poll finds likely voters in the Nov. 7 elections are leaning against Proposition One “by a better than two-to-one margin,” said Siena spokesman Steve Greenberg.

Wall Street profits are up by one-third over the same period last year, the New York state comptroller said.

Comptroller Tom DiNapoli said the gain of $12.3 billion is good news for New Yorkers with retirement accounts invested in the market, as well as the state’s pension fund.

New York Gov. Andrew Cuomo, in a conference call with California Gov. Jerry Brown, singled out two New York GOP congressmen for criticism after they voted for a budget measure that clears the way for a vote on the Republican plan to overhaul the tax system.

Cuomo has been speaking out nearly every day against a proposal in the federal tax overhaul plan to eliminate state and local tax deductions from federal income tax filings. He calls it double taxation and a political attack on New York.

New York’s leaders are continuing to struggle with actions in Congress on the federal budget and tax overhaul that could adversely affect the state’s finances. 

Gov. Andrew Cuomo has said it’s possible he’ll call a special session to address potential gaps in the state budget that could total several billion dollars. But he said the uncertainty over what will happen in Washington on health care funding and on major tax changes is making it hard to plan.

There’s some misinformation on social media regarding a key ballot item in next month’s elections on whether to hold a constitutional convention.

New Yorkers have a choice of voting yes or no on three proposition questions on the November ballot. A posting that has gone viral on social media is spreading some misinformation to voters. It warns against what it said is a “sneaky and underhanded” rule regarding the question on Proposition One — whether New York should hold a constitutional convention.

New Yorkers who use e-cigarettes will have to comply with the same limits on smoking cigarettes in public, now that Gov. Andrew Cuomo has signed a bill into law.

But anti-smoking advocates say more needs to be done to combat the rising use of the nicotine product.

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