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New York Gov. Andrew Cuomo vows he will fight to protect his state from fallout from the new tax law. AP Photo/Hans Pennink

Why states may get away with creative income tax maneuvers

New York, California and other high-tax states are angling to use the charitable deduction and state payroll taxes as workarounds to shield both their residents and their revenue.
The Capitol is lit up at dawn on Nov. 30, 2017 as Senate Republicans work to pass their sweeping tax bill. AP Photo/J. Scott Applewhite

The GOP tax plan, state and local taxes deductions – and you

If you own property and make less than US$200,000, the Republican tax overhaul is likely going to eliminate a tax deduction you use.
Speaker Paul Ryan talks about the new GOP tax plan. Reuters/Kevin Lamarque

Do tax cuts stimulate the economy more than spending?

President Trump recently released his tax plan, but he's also said he wants to stimulate the economy with infrastructure spending. Is one more effective than the other at boosting growth?

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