US EditionNew York Republicans Signal $80,000 SALT Cap Could Be on Table
- New York Republican representatives demand raising the state and local tax deduction cap from $10,000 to $30,000 or more amid ongoing tax concerns.
- The SALT cap was imposed in 2017 by a Republican-controlled Congress and White House, and Democrats have not repealed it since gaining power in 2020.
- Millions of New Yorkers face high property and state taxes, with lawmakers arguing that the $10,000 limit unfairly increases their federal tax burden.
- House Speaker Mike Johnson’s offer of a $30,000 SALT cap represents an improvement, but some representatives and constituents still consider it insufficient.
- If the deduction cap is not increased, New York Republicans warn they will withhold support from broader tax legislation, reflecting continued regional tax disputes.
5 Articles
5 Articles
A just fight for SALT fairness: New Yorkers Lawler, Stefanik, Garbarino and LaLota must keep pushing
New York Republican Reps. Mike Lawler, Elise Stefanik, Andrew Garbarino, and Nick LaLota back President Trump and his One Big Beautiful Bill on taxes and spending, but they put their home state above party loyalty and are absolutely right to insist that the unfair and punishing $10,000 cap on deductions of state and local taxes (called SALT) in place for the past few years be increased. Otherwise, they won’t support the larger bill, no matter ho…
Political Wire
Market ScreenerNew York Republicans Signal Potential $80,000 SALT Cap
“Two New York Republicans signaled that the cap on the state and local tax deduction may rise to as much as $80,000 as GOP lawmakers from high-tax states demand a boost in exchange for their votes on President Donald Trump’s tax package,” Bloomberg reports.
GOP’s SALT Offer Has 'Opportunity' to Grow, New York Lawmaker Says
New York Republican Nicole Malliotakis said Wednesday there’s an “opportunity” to grow the $30,000 state and local tax deduction cap offered by House GOP leaders in negotiations on President Donald Trump’s giant tax bill.
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