The governors of New York, New Jersey and Connecticut said on Friday that they would sue the federal government to overturn the new U.S. tax law, saying the measure unconstitutionally discriminates against Democratic-leaning states. The three governors, all Democrats, said they would file the lawsuit in federal court in several weeks. The legal action will argue that the new tax law’s cap on state and local tax deductions infringes on states’ rights and amounts to double taxation, the governors said in a joint conference call...

Source: Wall Street Journal January 26, 2018 18:38 UTC