Several House Republicans met with President-elect Donald Trump to discuss the need to raise the cap on the SALT deduction, which has been a financial burden for many middle-class families.
The state and local tax — or SALT — deduction allows taxpayers to deduct up to $10,000 of property taxes plus local and state income taxes or state and local sales taxes that they already paid. Several House Republicans met with President-elect Donald Trump at Mar-a-Lago on Saturday for a strategy meeting, where the topic of SALT deduction took centerstage.
Local lawmakers call SALT a bipartisan issue on Long Island, and many say the SALT cap has been a financial strain on middle class families. SALT was capped at $10,000 under a Trump-backed tax plan passed by House and Senate Republicans in 2017. Previously, there was no cap. Rep. Nick LaLota was one of 16 House Republicans who met with Trump. He said the president-elect did not back away from fixing the issue of SALT, and all options are still on the table. “We aim to help as many people here on Long Island as possible and there are a lot of numbers being thrown out. We’ve rejected the initial proposal by some to merely eliminate the marriage penalty which would make it a $20,000 deduction for married couples. We know we need to go much higher than that,” he said. Rep. Tom Suozzi said he applauds Republican lawmakers for meeting with Trump on this issue. While both sides of the aisle agree that SALT needs to be fixed, Suozzi said he would like to see the cap removed altogether. 'We are crushed by our property taxes, our income taxes. We need to get the state and local tax deduction back. We shouldn’t be taxed on the taxes we’ve already paid and that was in place for 100 years until President Trump and the Republicans capped it back in 2017,” he said. The SALT bill expires at the end of 2025, but Republican lawmakers said they are aiming to get a new bill passed in the spring
SALT DEDUCTION REPUBLICANS TAXES TRUMP LONG ISLAND
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