Race against the clock for deal on state and local tax deductions

President Donald Trump Tuesday told house Republicans, like Long Island Rep. Nick LaLota, not to let the debate over state and local tax deductions stop the passage of his legislative agenda, according to a senior White House official.

The latest proposal for the SALT is to raise the cap on deductions from $10,000 to $30,000.

But lawmakers, like Republican Rep. Nick LaLota say even greater relief is needed for constituents.

"We're talking about regular, hardworking, middle-class folks who are being shut out right now," LaLota said.

Currently, SALT 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.

According to Tax Foundation, the median property taxes in Nassau and Suffolk exceed $10,000.

As News 12 reported, Long Island's congressional delegation has been pushing for no cap on SALT deductions.

Democratic Rep. Tom Suozzi is urging his Republican colleagues to stand their ground.

"When everything is said and done, it's about the people we represent and the people we represent need the state and local tax deduction back," Suozzi said.

Republicans first enacted the cap on SALT in 2017, as part of their tax cut bill.

It's set to expire at the end of 2025.

President Trump campaigned on restoring SALT during a September rally at the Nassau Coliseum.

"I will cut taxes for families, small businesses and workers, including restoring the SALT deduction saving thousands," President Trump said in September.

Homeowners on Long Island say they would like to see some relief.

"I would love for it to be raised higher obviously being a homeowner," said Kevin Burke, of Massapequa Park.

Another look at this pending bill is happening early Wednesday morning.

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