ALBANY, N.Y. — New York Gov. Andrew Cuomo is travelling to Washington, D.C., to urge President Donald Trump to rethink a provision in the 2017 tax overhaul that Cuomo says is prompting a sharp decline in state revenues.
The Democrat will meet with the Republican president Tuesday to discuss the tax law’s $10,000 cap on the federal deduction for state and local taxes.
Cuomo says the cap is prompting wealthy residents to flee New York and contributing to a recent drop of more than $2 billion in tax receipts.
Trump has praised the tax changes but said recently he has heard it’s causing problems for some New Yorkers.
Speaking on public radio before his one-day trip, Cuomo says he’s more hopeful the cap could be repealed now that Democrats control the U.S. House.
The Associated Press
