A slew of prominent New York lawmakers urged incoming President Donald Trump on Sunday to remove the SALT property tax deduction cap a day before he takes
office.
SALT was a federal program that allowed itemizing filers to deduct state and local tax payments from their federal taxes, putting money back in their pockets. The cap was instituted in 2017 as part of Trump’s tax cut plan that year, which largely benefited the wealthiest Americans. “We are calling on President-elect Donald Trump and the congressional Republicans to fix the problem they created that has taken money out of New Yorkers‘ pockets for years,” Gillibrand said. “In 2017, Republicans imposed a $10,000 cap on SALT deductions, essentially robbing middle-class families in states like New York to pay the tax cuts for the uber-wealthy. The SALT production cap has cost New Yorkers as much as $12 billion every year since it took it back to 2018.
“The president certainly wants to increase the deduction for SALT to provide more relief, because he knows that our mayors and governors are crushing taxpayers,” Brooklyn/Staten Island Republican Rep. Nicole Malliotakis told Politico.
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