GOP Rep. King: House Tax Proposal Would 'Screw' New York
On "America's Newsroom" today, Rep. Peter King (R-NY) said he plans to vote "No" on the House tax plan, and he had some strong words for Director of the Office of Management and Budget Mick Mulvaney.
He explained that the plan would completely do away with state and local tax deductions, which would hurt residents of states like New York where the property tax and state income tax levels are high.
"People will tell you that other pluses in the bill will make up for that. I just haven't seen that yet, and most of the estimates I've seen do not add up to that," King said. "It would hit, I would say, most of the taxpayers in my district. A good number of them would definitely see their taxes go up because of this."
He noted that Mulvaney recently argued high-tax states should take responsibility for their own high tax rates and stop making taxpayers in lower-tax states subsidize them through a break in the federal tax code.
"This is what Mulvaney's has been doing back when he was in Congress. He's the guy that led the fight against the Sandy relief money that was due to New York, he never supported the 9/11 health care bill for New York," King said. "And now he seems to use every opportunity to take shots at New York."
He pointed out that New York sent an estimated $48 billion more in tax payments to Washington in 2016 than it received back in federal spending, which amounts to approximately 79 cents on the dollar.
He said Mulvaney's home state of South Carolina, on the other hand, receives far more federal funds for every dollar spent in income taxes.
From Sandy aid to tax reform @MickMulvaneyOMB tries to screw New York. Probably feels inferior because New York subsidizes his state of South Carolina.
— Rep. Pete King (@RepPeteKing) November 15, 2017
"We've been subsidizing Mick Mulvaney and his constituents for years," King said. "And now he's using this opportunity to screw us."
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