New Jersey Gov. Phil Murphy is confident that his state's lawsuit against the federal government over charitable donation tax write-offs will succeed, he told CNBC.
The federal government imposed a new $10,000 limit on the state and local tax deduction in the 2017 Tax Cuts and Jobs Act. The deduction had primarily been beneficial to people in high-tax states like the ones that filed suit.
"We believe that federal courts as far back as the '80's have been crystal clear about defending the very action that we believe we can take through these charitable contributions," he told CNBC's "" on Wednesday. "It's crystal clear that we're right which is why we're taking the action that we took today."
It follows another suit last year by the three states plus Maryland against the Treasury Department and Secretary Steven Mnuchin challenging the $10,000 SALT cap itself. That suit is pending.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Playing sports | girlshealth.govTeam sports and solo activities can help you feel great. If you're interested in playing sports, we can help you pick ones that are right for you.
Leer más »
Health effects of too much sun | girlshealth.gov
Leer más »
Another Mississippi Gov. Candidate Refuses To Be Alone With Woman Other Than WifeFormer state Supreme Court Justice Bill Waller Jr. is the second Republican in the race to say he follows the "Billy Graham rule."
Leer más »
Gov. Bullock preps for debate, takes aim at Iowa2020 Democratic candidate, Gov. Steve Bullock of Montana, joins Morning Joe to discuss making the second debate, keeping potential donors on his side, how to unite the Democrats, if he supports health care for undocumented workers.
Leer más »
Distracted Driving | girlshealth.gov
Leer más »