Cuomo, Trump Set To Meet On SALT, GOP Tax Plan

Albany, N.Y. - New York Governor Andrew Cuomo is meeting with President Trump today to discuss recent changes to the federal tax code.

A tax reform package that was pushed through in 2017 capped the State and Local Tax Deduction at ten-thousand-dollars, which Governor Cuomo says targets states with a high cost of living.

President Trump has expressed some willingness to reinstate the full SALT deduction in recent days.

Governor Cuomo says the state faces a budget shortfall of over two-billion-dollars, which he blames on the changing tax code, and high-income residents leaving the state.

PhotoCred: Getty Images.

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