State Comptroller Thomas DiNapoli issued the following statement on federal tax reform:
“The House and Senate Republican tax plans are both profoundly bad deals for New York. Cutting or eliminating state and local tax deductions will hurt many New York taxpayers. Both plans would also revise the rules for municipal bonds in ways that could drive up state and local costs for essential infrastructure investments.
“These tax schemes are coupled with broader budget proposals that cut billions of dollars in funding for health care and other essential services. At the end of the day, the approach taken by both the House and Senate will hurt the very people Washington claims to be helping.”