Additionally, the governor said New York is the first state to take action to protect its taxpayers against the federal tax assault. The state wants to ensure that New York families will not become a piggy bank to pay for tax cuts for big corporations.
“Now, the IRS is hastily proposing politically motivated regulations to further the agenda of the Trump administration and block reforms that deliver relief to New York taxpayers,” Cuomo said.
The governor promised that New York “will not stand for this abuse of government power.” The state “will fight back” and “will use every tool” at its disposal, including lawsuit.
“We are confident that the recently enacted opportunities for charitable contributions to New York State and local governments are consistent with federal law and follow well-established precedent,” he said.
