HAUPPAUGE, N.Y. (CBSNewYork) – Suffolk County Government Steve Bellone has launched a web-based petition for residents to induce lawmakers to not move the Republican tax overhaul plan.
“Will probably be completely devastating for Lengthy Island,” he informed WCBS 880’s Sophia Corridor.
Learn Extra: Lengthy Island Lawmakers Warn GOP Tax Plan Would Be ‘Punch In The Intestine’
These phrases have been stated repeatedly by lawmakers on Lengthy Island.
“One report by the Lengthy Island Affiliation says it might be a greater than $four billion tax improve for a area like ours that already sends $23 billion than we get in return from Washington,” stated Bellone. “That is only a slap within the face.”
Extra: Lawmakers Warn Tax Reform Will Be ‘Horrendous’ For Lengthy Island Residents
The proposed GOP tax plan would get rid of householders’ state and native revenue tax deductions. Property tax deductions can be capped at $10,000, and mortgage curiosity deductions for brand spanking new house loans can be restricted to $500,000 as an alternative of the present $1 million.
“The impacts of what would quantity to an enormous tax improve on Lengthy Island – federal tax improve – are widespread,” Bellone stated. “Decrease property values, much less shopper spending, much less income coming into the native authorities to do issues like combatting MS-thirteen.”
On Tuesday, Republican and Democratic leaders stood collectively on Lengthy Island, urging Congress to sluggish the method and think about the methods they’re hurting their neighbors within the Northeast.