Schumer: Democrats will try to overturn tax deduction cap

Posted: Updated:

WASHINGTON (AP) - Senate Democrats are attempting to repeal an IRS regulation that is designed to keep people from exceeding the $10,000 limit on state and local tax deductions.

Democrats will force a vote, scheduled for Wednesday, to overturn the regulation through the Congressional Review Act, Senate Minority Leader Chuck Schumer told The Associated Press on Tuesday.

The vote takes aim at an IRS rule from June that prohibits states from creating charitable funds that taxpayers can contribute to in exchange for a state tax credit. The workaround gave residents in some states a way to get around the limit on so-called SALT deductions. The 2017 GOP tax overhaul limited the amount of state and local taxes that taxpayers can write off.

The Democrats' measure would use what has been a rarely successful legislative tool to overturn a regulation. The Congressional Review Act gave Congress the ability to overturn recently issued federal rules with a simple majority of both chambers of Congress and approval of the president.

"I think we are very, very close," Schumer said.

He said Americans living in suburban neighborhoods in high-tax states, like New York and California, are already paying some of the highest property and school taxes in the nation and "for the federal government to then penalize them is so unfair."

"The devastation in New York is very, very bad," Schumer said, adding that it is also affecting "many Republican states."

(Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • NewsMore>>

  • Suffolk DA: BWI charges dropped in deadly Mattituck boating accident

    Suffolk DA: BWI charges dropped in deadly Mattituck boating accident

    Friday, November 22 2019 5:26 PM EST2019-11-22 22:26:44 GMT
    BWI charges have been dropped against the boat operator in a fatal Mattituck crash.BWI charges have been dropped against the boat operator in a fatal Mattituck crash.
    BWI charges have been dropped against the boat operator in a fatal Mattituck crash.BWI charges have been dropped against the boat operator in a fatal Mattituck crash.
    BWI charges have been dropped against the boat operator in a fatal Mattituck crash.
    BWI charges have been dropped against the boat operator in a fatal Mattituck crash.
  • GUIDE: SopranosCon comes to New Jersey – For the Fans, By the Fans

    GUIDE: SopranosCon comes to New Jersey – For the Fans, By the Fans

    Hey! Oh, OH! Guess what’s coming to the Meadowlands Exposition Center on Nov. 23 and 24? No, it’s not Christopher getting fake whacked in the weeds. It’s SopranosCon – and the highwater mark for 90s and early-2000s is celebrating it’s 20th anniversary.Hey! Oh, OH! Guess what’s coming to the Meadowlands Exposition Center on Nov. 23 and 24? No, it’s not Christopher getting fake whacked in the weeds. It’s SopranosCon – and the highwater mark for 90s and early-2000s is celebrating it’s 20th anniversary.
    Hey! Oh, OH! Guess what’s coming to the Meadowlands Exposition Center on Nov. 23 and 24? No, it’s not Christopher getting fake whacked in the weeds. It’s SopranosCon – and the highwater mark for 90s and early-2000s is celebrating it’s 20th anniversary.Hey! Oh, OH! Guess what’s coming to the Meadowlands Exposition Center on Nov. 23 and 24? No, it’s not Christopher getting fake whacked in the weeds. It’s SopranosCon – and the highwater mark for 90s and early-2000s is celebrating it’s 20th anniversary.
    Think Comic Con with mobsters and antipasta.
    Think Comic Con with mobsters and antipasta.
  • County Executive Bellone responds to bombshell dropped at ex-DA's trial

    County Executive Bellone responds to bombshell dropped at ex-DA's trial

    Friday, November 22 2019 6:21 PM EST2019-11-22 23:21:38 GMT
    Suffolk County Executive Steve Bellone responded Friday to the bombshell testimony dropped at the obstruction of justice trial of former Suffolk District Attorney Thomas Spota and his top aide Christopher McPartland.Suffolk County Executive Steve Bellone responded Friday to the bombshell testimony dropped at the obstruction of justice trial of former Suffolk District Attorney Thomas Spota and his top aide Christopher McPartland.
    Suffolk County Executive Steve Bellone responded Friday to the bombshell testimony dropped at the obstruction of justice trial of former Suffolk District Attorney Thomas Spota and his top aide Christopher McPartland.Suffolk County Executive Steve Bellone responded Friday to the bombshell testimony dropped at the obstruction of justice trial of former Suffolk District Attorney Thomas Spota and his top aide Christopher McPartland.
    Suffolk County Executive Steve Bellone responded Friday to the bombshell testimony dropped at the obstruction of justice trial of former Suffolk District Attorney Thomas Spota and his top aide Christopher McPartland.
    Suffolk County Executive Steve Bellone responded Friday to the bombshell testimony dropped at the obstruction of justice trial of former Suffolk District Attorney Thomas Spota and his top aide Christopher McPartland.
  • SlideshowsGalleriesMore>>

  • Dog Day Fridays for November 22

    Dog Day Fridays for November 22

    Friday, November 22 2019 9:30 AM EST2019-11-22 14:30:13 GMT
    Ripley came to us as a stray via the police. He is 1.5 years old and is absolutely adorable. He likes other dogs and is playful with them. He is sweet, fun, and walks well on the leash.Ripley came to us as a stray via the police. He is 1.5 years old and is absolutely adorable. He likes other dogs and is playful with them. He is sweet, fun, and walks well on the leash.
    Ripley came to us as a stray via the police. He is 1.5 years old and is absolutely adorable. He likes other dogs and is playful with them. He is sweet, fun, and walks well on the leash.Ripley came to us as a stray via the police. He is 1.5 years old and is absolutely adorable. He likes other dogs and is playful with them. He is sweet, fun, and walks well on the leash.
    This week's dogs are up for adoption at the Town of Hempstead Animal Shelter. The shelter is located at 3320 Beltagh Ave. in Wantagh. Their phone number is (516) 785-5220. The shelter's email is adoption@tohmail.org.
    This week's dogs are up for adoption at the Town of Hempstead Animal Shelter. The shelter is located at 3320 Beltagh Ave. in Wantagh. Their phone number is (516) 785-5220. The shelter's email is adoption@tohmail.org.
  • Congress holds public hearings in impeachment inquiry

    Congress holds public hearings in impeachment inquiry

    Photos from the public congressional hearings as part of the impeachment inquiry into President Donald Trump and his administration's dealings with Ukraine.
    Photos from the public congressional hearings as part of the impeachment inquiry into President Donald Trump and his administration's dealings with Ukraine.
  • Dog Day Fridays for Nov. 15

    Dog Day Fridays for Nov. 15

    Friday, November 15 2019 10:28 AM EST2019-11-15 15:28:42 GMT
    This week's dogs are up for adoption at Ruff House Rescue. The shelter is located in Oceanside. Their phone number is 516-306-4998.This week's dogs are up for adoption at Ruff House Rescue. The shelter is located in Oceanside. Their phone number is 516-306-4998.
    This week's dogs are up for adoption at Ruff House Rescue. The shelter is located in Oceanside. Their phone number is 516-306-4998.This week's dogs are up for adoption at Ruff House Rescue. The shelter is located in Oceanside. Their phone number is 516-306-4998.
    This week's dogs are up for adoption at Ruff House Rescue. The shelter is located in Oceanside. Their phone number is 516-306-4998.
    This week's dogs are up for adoption at Ruff House Rescue. The shelter is located in Oceanside. Their phone number is 516-306-4998.
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."