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"Special Statement" ...A strong thunderstorm will affect southern Fairfield... southeastern Bergen...southern Westchester...Bronx...western Suffolk...New York (manhattan) and northern Nassau counties... At 227 PM EDT, a strong thunderstorm was located over East Tremont, moving northeast at 40 mph. Winds in excess of 30 mph are possible with this storm. Locations impacted include... Yonkers, Stamford, Norwalk, New Rochelle, White Plains, Mott Haven, East Tremont, Hackensack, Commack, Huntington Station, Port Chester, Glen Cove, Bergenfield, New Canaan and Huntington. Torrential rainfall is also occurring with this storm, and may cause localized flooding. Do not drive your vehicle through flooded roadways. Frequent cloud to ground lightning is occurring with this storm. Lightning can strike 10 miles away from a thunderstorm. Seek a safe shelter inside a building or vehicle. Lat...Lon 4088 7411 4103 7397 4100 7389 4108 7389 4127 7362 4105 7341 4100 7361 4087 7376 4085 7376 4091 7364 4090 7349 4095 7349 4091 7341 4096 7339 4085 7323 4080 7376 4084 7380 4084 7381 4078 7395 time...Mot...loc 1827z 246deg 36kt 4085 7389 Met 228 PM EDT Tue Jul 17 2018 ...A strong thunderstorm will affect southern Fairfield... southeastern Bergen...southern Westchester...Bronx...western Suffolk...New York (manhattan) and northern Nassau counties... At 227 PM EDT, a strong thunderstorm was located over East Tremont, moving northeast at 40 mph. Winds in excess of 30 mph are possible with this storm. Locations impacted include... Yonkers, Stamford, Norwalk, New Rochelle, White Plains, Mott Haven, East Tremont, Hackensack, Commack, Huntington Station, Port Chester, Glen Cove, Bergenfield, New Canaan and Huntington. Torrential rainfall is also occurring with this storm, and may cause localized flooding. Do not drive your vehicle through flooded roadways. Frequent cloud to ground lightning is occurring with this storm. Lightning can strike 10 miles away from a thunderstorm. Seek a safe shelter inside a building or vehicle. Lat...Lon 4088 7411 4103 7397 4100 7389 4108 7389 4127 7362 4105 7341 4100 7361 4087 7376 4085 7376 4091 7364 4090 7349 4095 7349 4091 7341 4096 7339 4085 7323 4080 7376 4084 7380 4084 7381 4078 7395 time...Mot...loc 1827z 246deg 36kt 4085 7389 Met -- Tuesday Jul.17 18,03:04 PM

Governor Cuomo: 10 Reasons Why The GOP Tax Plan Is An Economic Death Blow To New York And The Nation

LongIsland.com

Governor Calls on New York Congressional Delegation to Vote Against Devastating Reconciliation Bill.

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NYS Governor Andrew M. Cuomo.

Photo by: Governor's Press Office, via Flickr.

Albany, NY - December 6, 2017 - Governor Andrew M. Cuomo today outlined 10 key reasons, both resulting from and in addition to the unacceptable elimination of state and local tax deductibility, why the GOP tax plan will deliver an economic death blow to New York and the nation. Additionally, the Governor is calling on the New York Congressional delegation, including the four representatives who voted for the tax bill in the House of Representatives, to vote against the future reconciliation bill due to its devastating impact on New York.
 
"The GOP tax plan, if passed through the conference committee, will be an economic dagger at the heart of New York and our nation - crippling our economy, exploding the federal deficit, increasing healthcare costs for millions and widening the gap between the richest and poorest Americans," Governor Cuomo said. "Congress must come together to do the right thing, do their jobs and put the American people first by stopping this devastating bill from robbing middle- and working-class New Yorkers of their hard earned dollars. I call on New York's Congressional delegation to stand with their constituents and vote against the final reconciliation bill."
 
To urge members of Congress against voting for the final reconciliation bill, call the House of Representatives switchboard at (202) 224-3121.
 
The GOP tax plan will:
 
  1. Raise income taxes:  These changes will increase federal income taxes for 2.4 million New York tax filers by an average of $3,200. 
  2. Effectively raise property taxes: 725,000 New York households pay property taxes exceeding the proposed $10,000 cap on deductions. Effectively, the property tax bill for these homeowners will increase by an average of $2,750.
  3. Cut taxes on corporations by $1.5 trillion without requirements for job or wage growth: Instead of prioritizing people, the bill gives a 40 percent tax cut to the biggest companies in the world. Many corporations will simply use that cut to add to their savings; others will share the savings with wealthy stockholders; some will invest in automation technology to put even more Americans out of work. Worse, while hardworking New Yorkers will lose or have capped the ability to deduct state and local taxes from their federal income calculations, corporations would still be able to claim state and local taxes as a regular business expense.
  4. Reduce the value of millions of middle class homes: According to Moody's Analytics, the tax changes could initially cut home values by 10 percent in more expensive markets such as in New York and by 3 percent to 5 percent across the United States, diminishing the value of the largest investment, their home, held by many New York families. 
  5. Limit the ability to deduct interest on millions of home mortgages: The House bill will limit the ability to deduct mortgage interest to loans up to $500,000 instead of the current $1 million limit for couples filing jointly. This will impact 20 percent of homes in New York, lowering their value if they were put on the market, according to analysis by the National Association of Home Builders.  Homes will be more expensive to buy and worth less when sold, devastating the housing market.
  6. Raise health care costs: The GOP tax plan will undermine the Affordable Care Act, significantly raise health care costs, and potentially decimate Medicaid funding by eliminating the individual mandate.
  7. Raise costs for students: The bills will discourage participation in postsecondary education by making college more expensive and undermining the financial stability of colleges and universities. The education provisions will increase taxes by over $64 billion over the next 10 years, nationally. More than 800,000 New York college students will lose the student loan deduction, and graduate student instructors and research assistants will be taxed on income they never even see.
  8. Raise costs for teachers: The House tax bill targets our teachers by eliminating the teacher spending deduction for out-of-pocket classroom expenses. This will raise taxes for 290,000 New York teachers by an average of $260.
  9. Eliminate key deductions and credits, including: alimony paid by divorcees, moving expenses, except for those in the military, commuters who travel back and forth to work on bicycles, and renewable and electric vehicles.
  10. Explode the federal deficit: The Senate bill will increase the nation's deficit by more than $1.4 trillion over the next decade, according to the Congressional Budget Office. The House plan will cost about $1.7 trillion over 10 years.