During a recent meeting with President-elect Donald Trump, it was highlighted that New York's state spending has ballooned by nearly $90 billion since 2015, resulting in the state having the highest combined state and local tax burden.
The discussion focused on the necessity of lifting the SALT cap, which limits deductibles for state and local taxes on federal income tax, but also hinged on the need for New York to address its excessive spending, which has surged under Gov. Kathy Hochul.
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