The Herald has editorialized a half-dozen times on Long Island’s desperate need to restore the federal income-tax deduction for state and local taxes . . .
more
12/9/21
|
The Biden administration has rightly proposed a massive $1.7 trillion infrastructure bill, dubbed the American Jobs Plan, to repair and restore . . .
more
6/3/21
|
We will need years, if not decades, to unravel and repair the damage that President Trump has done to the nation with his politics and policies.
more
1/21/21
|
In December 2017, Congress passed the Tax Cuts and Jobs Act, pushed by President Trump throughout his first year in office. The act limited the deduction for state and local taxes — previously unlimited — to $10,000.
more
10/1/20
|
U.S. Rep. Tom Suozzi, a Democrat from Glen Cove, has campaigned relentlessly to eliminate the $10,000 cap on deductions of state and local taxes imposed by the 2017 Tax Cuts and Jobs Act, which President Trump shepherded through Congress.
more
7/31/20
|
In 2017, President Trump and a Republican-controlled Congress passed the Tax Cuts and Jobs Act. It was supposed to supercharge the economy, bringing new manufacturing jobs to hard-hit areas, and no doubt, it brought some success.
more
3/26/20
|
As taxpayers filed their returns for 2018 by the April 15 deadline or possibly later because of granted extensions, the first year of the federal 2017 Tax Cuts and Jobs Act is having a significant impact as some are paying more incomes taxes, especially in New York state with the loss of the State and Local Taxes deduction.
more
By Jeff Bessen
|
4/18/19
|
In the coming weeks, many of us will be busy with — that is, distracted by — holiday preparations. December has traditionally been a time to tune out Washington political wrangling. This year is no time to check out, however.
more
11/30/17
|
As Congress takes up the issue of tax reform, it would do well to look back to a successful tax overhaul that should be the guide for getting it done right again this time.
more
10/13/17
|
There was a grand old party on Election Day, as voters sent President Obama and his party a message: They’re fed up with the political rhetoric and want action.
more
11/13/14
|