CBPP v Cuomo

Repealing “SALT” Cap Would Be Regressive and Proposed Offset Would Use up Needed Progressive Revenues

CBPP is a policy priors institute of the leftwards, Dean Baker territory.

And Cuomo wants those ttxes back, they were his progressive taxes and Trump stole them.

We been here, done that. What we have is a long and protracted tax battle, add in the prop 13 revision in California. The battle is smack dab in the election fight. It is wobbling the Pocahontas campaign already. Outcome is a last hour deal, as usual. A sudden, and expected,  tax transaction cost for all.

Not a sudden stop, we are setting aside reserves. I am selling a small commercial property, I allow for a 2% regulatory risk right now, on discounted value. 2% is the maximum tax impact on property values, in the worst case. This is not a sudden stop for me.