Showing 1 - 2 of 2
Podcast episode City Budget
January 25, 2018New York taxpayers could lose as much as $14.3 billion in federal tax deductions because of the capping of the state and local tax deduction in the new federal tax law. State Budget Director Robert Mujica and New York City First Deputy Mayor Dean Fuleihan discuss the potential impact and possible responses at a special conference event.
Podcast episode Taxes
November 09, 2017$67 billion is the amount of state and local taxes New York State residents deduct from their federal tax returns each year. Known as SALT, this deduction is the topic of intense debate in Washington. Congressional leadership proposes to eliminate or cap SALT in order to offset the cost of corporate and other tax cuts.
Special guest Jay Kriegel, Senior Advisor at Related Companies, is a New York communications and strategic advisor who has been involved in a number of major New York political and policy initiatives. In 1986, Jay led a national coalition that thwarted an attempt to eliminate the SALT deduction, and today he has taken a leadership role in the coalition to protect it.