STATEMENT FROM IDC LEADER JEFF KLEIN
The Independent Democratic Conference has long opposed this bad tax policy coming from Washington that will burden New Yorkers, especially our middle-class homeowners who would lose the ability to deduct their property taxes on a state level. To a middle-class family, a home is their greatest asset and we should not make homeownership a hinderance. In an analysis conducted in May, the IDC found that the President’s tax plan will collectively cost homeowners $21 billion more annually, and we call on Congress to combat it on a federal level. Our working- and middle-class residents cannot afford to lose these benefits come tax time. In the worst case, Senator David Carlucci already introduced legislation which would preserve a state property tax deduction if the ill-conceived plan moves forward in Washington.
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