Washington, June 10 -- Congresswoman Laura Gillen issued the following press release:
Congresswoman Laura Gillen (D-NY-04), alongside Congressman Mike Lawler (R-NY-17), introduced the bipartisan Cost of Living Tax Cut Act to lower federal taxes for families on Long Island and other regions paying the highest costs of living in the country. Currently, families in high-cost areas pay the same income tax rates as those in more affordable areas. The legislation would lower taxes by creating a more equal tax system that adjusts federal tax brackets to reflect regional cost of living where it exceeds the national average.
According to Moody's Analytics data reported in Newsday, Long Island's cost of living is 32% over the national average when ...