New call to restore SALT deductions previously capped by Trump administration

Senate Majority Leader Chuck Schumer and Rep. Tom Suozzi have reintroduced legislation to restore the full state and local tax deduction - a deduction that had been capped at $10,000.

News 12 Staff

Jan 29, 2021, 11:24 PM

Updated 1,175 days ago

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There's a new call in Washington to restore tax breaks that would help thousands of Long Islanders save money.
Senate Majority Leader Chuck Schumer and Rep. Tom Suozzi have reintroduced legislation to restore the full state and local tax deduction - a deduction that had been capped at $10,000 by the Trump administration.
"Bottom line, the coronavirus and elimination of the SALT deduction -- we have to fix this problem," Suozzi said. "We are going to fight like hell to get it done."
The legislation has bipartisan support in the House but is only backed by Democrats in the Senate.
Republican Long Island Reps. Andrew Garbarino and Lee Zeldin support the measure, arguing that middle class New Yorkers should be entitled to the SALT deduction because they pay some of the highest taxes in the country. But other Republicans argue the SALT deductions benefit primarily the wealthy.
Long Island homeowners like Jen Sabin, a teacher and mother of two teenagers, says she and her husband could use the full tax deduction.
"It doesn't matter your political stance. It's right for the people, and the people... they need their money back," says Sabin.
The lawmakers say they hope repealing the SALT tax cap will stem the flow of New Yorkers and Long Islanders leaving the state because of high taxes and an economy crippled by the pandemic.


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