Supreme Court Declines New York’s Challenge to Trump-Era Federal Cap on State and Local Tax Deductions
Posted: Mon Apr 18, 2022 3:48 pm
The Supreme Court decided on April 18 not to hear an appeal from New York and three other Democrat-dominated northeastern states that were challenging the cap on state and local tax (SALT) deductions imposed by President Donald Trump’s 2017 tax law. The case is New York v. Yellen, court file 21-966. Janet Yellen was being sued in her official capacity as secretary of the U.S. Department of the Treasury. The respondents were New York, New Jersey, Connecticut, and Maryland. According to its usual practice, the high court did not provide reasons why it refused to take up the case. The four states sued Yellen’s predecessor, then-Secretary of the Treasury Steven Mnuchin, and the IRS in July 2018 after the Tax Cuts and Jobs Act of 2017—a tax reform law that was backed by Trump—took effect. ...
Source: https://www.theepochtimes.com/supreme-c ... 10767.html
Source: https://www.theepochtimes.com/supreme-c ... 10767.html