Some Long Islanders skeptical about proposed GOP tax plan

Posted: Updated:
WOODBURY -

President Donald Trump is touting his proposed tax cut plan as a "Christmas present" for the middle class, but many Long Island residents are not convinced.

The popular online real estate website Trulia says Long Island tops the list of regions across the country that will be hit the hardest.

Economic analyst Marty Cantor says it could affect current and future homeowners in a few different ways, including capping the deduction for state and local property taxes at $10,000.

"Real estate values in the short term will go down, however, you can't look at Long Island in a vacuum. It's part of a region - Connecticut and New Jersey will be impacted as well," says Cantor.

Analysts also say the tax plan would lower taxes on the richest Americans.

Rob Eisenberg, of Melville, agrees and says it helps businesses more than individuals.

"I think it's good for the corporations and donors and the Republican party, at least in their own mind, but I don't think it's good for us Long Islanders, New Yorkers, Californians, communities that want to invest in themselves and pay to have services they want," says Eisenberg.

Florence Delustro, of Bethpage, says she is going to hope for the best.

"Anything should be better than what we have right now," says Delustro.

The House is expected to vote on the bill Tuesday, and the Senate after that.

President Trump wants to sign it before Christmas.

  • SlideshowsGalleriesMore>>

  • Dog Day Fridays for Jan. 24

    Dog Day Fridays for Jan. 24

    Friday, January 24 2020 8:39 AM EST2020-01-24 13:39:06 GMT
    This week's dogs are up for adoption at Jake's Rescue Ranch, Inc. They brought five puppies!
    This week's dogs are up for adoption at Jake's Rescue Ranch, Inc. They brought five puppies!
  • Photos: Viral outbreak in China

    Photos: Viral outbreak in China

    Chinese health authorities urged people in the city of Wuhan to avoid crowds and public gatherings.
    Chinese health authorities urged people in the city of Wuhan to avoid crowds and public gatherings.
  • Sights and scenes from the 2020 SAG Awards

    Sights and scenes from the 2020 SAG Awards

    Sights and scenes from the 2020 SAG AwardsSights and scenes from the 2020 SAG Awards
    Sights and scenes from the 2020 SAG AwardsSights and scenes from the 2020 SAG Awards
    Sights and scenes from the 2020 SAG Awards
    Sights and scenes from the 2020 SAG Awards
sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."