Rep. Maloney Hosts Forum on How New Tax Law Affects New York
NEW YORK—Today, Congresswoman Carolyn B. Maloney (NY-12) hosted a community forum on how the GOP tax law affects New York State. She was joined by a panel of experts including Director of Metro New York Health Care for All Campaign Mark Hannay, Senior Budget & Policy Analyst at the Fiscal Policy Institute Jonas J. Nazimoff Shaende and AARP New York State Director Beth Finkel. The panel used their expertise to help break down the GOP tax law that was rushed through the House and Senate at the end of 2017 despite opposition from every Democrat in both chambers.
“While Americans were celebrating the holidays, President Trump and Congressional Republicans handed millions of hardworking people a big lump of coal with their tax scam, disguised as a tax reform bill,” said Congresswoman Maloney. “This tax scam will be devastating for New York City and raise taxes on over 80 million Americans across this country. The new Republican tax law steals from states like New York and borrows another $2.3 trillion that our children and grandchildren will have to pay back, in order to give massive tax breaks to big corporations and the wealthiest, fortunate few.
“This bill is a disaster for the middle class, for healthcare, and for New York. Our state already pays more than its fair share. We were already sending over $56 billion more to the federal government in taxes than we got back in federal spending. We are a donor state – and proud to do our part, but we’re not fools and can see how badly we’re being taken advantage of.”
Constituents spent over an hour asking questions about the State and Local Tax Deduction cap, the mortgage interest cap, the repeal of the Affordable Care Act individual mandate, the $25 billion cut to Medicare, and the Republicans’ plan to slash funding for Social Security, Medicare, and Medicaid. A full video of the event can be found here.