Governor Andrew Cuomo is trying to counter a unilateral Trump Administration proposal to cut capital gains tax, saying the move could cost New York State half a billion dollars per year. Cuomo says it will take uncoupling from the federal tax system:
The governor also knocked the Trump Administration for what he says is further enriching the rich:
Cuomo says the loss of $500 million would be a further burden on the state’s coffers.
The Governor’s entire remarks are below: