WASHINGTON – Democrats and Republicans have established a bipartisan SALT Caucus for the 118th Congress.
The group, which includes Rep. Pat Ryan (D, NY-18), is dedicated to restoring the State and Local Tax (SALT) deduction, which would provide significant relief from this unfair double taxation.
“I came to Congress to deliver relief for middle class New Yorkers who are struggling to afford everything from housing to healthcare, heating their home to fueling their car,” said Ryan. “The SALT deduction cap is blatant double taxation and unjustly punishes hard working families across the Hudson Valley. I’m proud to stand and fight with colleagues from both parties to reinstate this deduction and put dollars back in the pockets of Hudson Valley families.”
“Reversing the loss of all state and local tax deductions will help Orange County families,” said Orange County Executive Steven Neuhaus. “I urge the entire United States Congress to repeal the SALT deduction cap and appreciate Congressman Ryan’s support for such repeal.”
“We are in favor of actions that reduce undue tax burden on Dutchess County residents,” said Dutchess County Executive William O’Neil. “For each of the past nine years, our county administration has provided meaningful tax relief to our residents, and any endeavor the federal government takes to complement Dutchess’ efforts would be welcomed. We are hopeful the formation of the SALT Caucus will similarly lessen the tax burden for Dutchess County families.”
Ward Todd, president of the Ulster County Regional Chamber of Commerce called the tax “an unfair double tax on tens of thousands of New Yorkers.”
“With unemployment taxes and fraud running rampant, anything that will provide reprieve to his constituents will be appreciated,” said Orange County Regional Chamber of Commerce President Heather Bell.
“Elimination of the State and Local Tax deduction cap will put money back in the pockets of hardworking Hudson Valley residents,” said Dutchess County Regional Chamber of Commerce President Frank Castella Jr.
The 2017 Tax Law imposed a $10,000 cap on the SALT deduction. According to research by the National Association of Realtors, in New York, 35 percent of taxpayers claimed the SALT deduction in 2016 before it was capped. Raising the SALT cap would therefore lower taxes for tens of thousands of New Yorkers.
