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Gov. Cuomo signs tax bill, takes shots at federal tax capPosted: Updated:
Gov. Andrew Cuomo used an official bill signing event in Elmsford Tuesday to take a stand against the Trump administration.
Cuomo signed a bill that he believes will help New Yorkers circumvent the tax caps that are part of the federal tax law passed last year. He insists the federal law will be devastating to the state.
"You launch a missile from Washington and the middle is headed to New York. OK. We're gonna get out the way," said Cuomo.
The law allows taxpayers to convert their local property taxes into charitable contributions and then claim that donation on their federal taxes.
Cuomo's second measure would allow employees to convert their income tax into payroll tax that could also be deducted from their federal taxes.
The governor says changing state law was the only way to protect New Yorkers from what he called double taxation by the federal government.
Cuomo says his goal is to help repeal the federal tax law, but until then, he hopes the law he signed Tuesday will bring some relief to homeowners.
Go HERE for extended footage from Cuomo's address.