SALT & ECONOMY
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Congressman Tom Suozzi’s (D-Long Island, Queens) efforts to repeal the cap on the State and Local Tax (SALT) deduction continues to gain momentum, this time with the New York Daily News Editorial Board noting how Suozzi is “absolutely right to stick to his ‘No SALT, No Deal’ demand in refusing to support any changes to the federal tax code unless the horrendously unfair limitation on the deduction of state and local taxes is repealed.”
By DAILY NEWS EDITORIAL BOARD
NEW YORK DAILY NEWS | September 29, 2021
Congressman Tom Suozzi, who represents New Yorkers from eastern Queens across the northern half of Nassau County into the western sections of Suffolk, is absolutely right to stick to his “No SALT, no deal” demand in refusing to support any changes to the federal tax code unless the horrendously unfair limitation on deduction of state and local taxes is repealed.
Press Release
Will benefit over 400,000 children across Long Island and 3.4 million children across New York; Families could receive upwards of $3,600 per child
Today, Congressman Tom Suozzi (D-Long Island, Queens) and Congresswoman Kathleen Rice (D-Long Island) hosted a Zoom event reminding New Yorkers to file their 2020 Federal tax returns by this Monday, May 17th to take advantage of the newly expanded Child Tax Credit.
Today, Congressman Tom Suozzi (D-Long Island, Queens) released the following statement on the State and Local Tax Deduction (SALT):
“I have been consistent for six months, ‘No SALT, no deal.’ I have spoken personally with the Chairman, the Speaker, and Senator Schumer. I am confident that a SALT fix will be part of the final package.”
With the House Ways and Means Committee set to advance the tax portion of the budget reconciliation package this week, Congressman Tom Suozzi (D-Long Island, Queens) announced that he still stands by his original call that he will not vote for any changes to the tax code unless the State and Local Tax Deduction (SALT) is restored.
As the House Ways and Means Committee convenes to advance the tax portion of the budget reconciliation package this week, Congressman Tom Suozzi, one of “the SALT-y Democrats,” was featured prominently in Tuesday morning’s Punchbowl News:
THE TOP
As the brutal behind-the-scenes brawl plays out over the Democrats’ $3.5 trillion reconciliation package, Rep. Thomas Suozzi of New York is warning once again that he and a group of blue state Democrats won’t support any legislation that fails to restore the full deduction for state and local taxes (SALT) eliminated by the 2017 GOP tax bill.
WASHINGTON, DC – In advance of a House Ways and Means markup on the budget reconciliation package, Representatives Tom Suozzi, Earl Blumenauer, Ron Kind, Steven Horsford, Dwight Evans, Dan Kildee, Jimmy Panetta, Don Beyer, and Nanette Barragan introduced legislation, supported by every major environmental organization and labor, that would allow solar companies to qualify for a full value Production Tax Credit (PTC), which is currently only available for wind and geothermal energy.
Huntington’s Paramount Theatre and Cinema Arts Centre, Northport’s John Engeman Theater, Port Washington's Landmark on Main Street, and Roslyn's My Father's Place to benefit from the Shuttered Venue Operators Grant
Congressman Tom Suozzi (D-Long Island, Queens) announced that the advanced monthly payments for the expanded Child Tax Credit will begin to hit the bank accounts of New York families on July 15th. This expanded tax credit will be life-changing for millions and will help families with children struggling to meet their monthly expenses.
Today, Congressman Tom Suozzi (D-Long Island, Queens) introduced the Well-Being Insurance for Seniors to be at Home (WISH) Act, legislation that would address one of our nation’s most pressing challenges: financing long-term care for elderly Americans.
Every day, roughly 10 thousand Americans turn 65. By 2050, the population over 65 will almost double and the population over 85 will triple. At the same time, the number of family members available to care for these aging Americans is decreasing because families are smaller and more spread out than they used to be.
Last night, Congressman Tom Suozzi (D-Long Island, Queens) continued his tireless efforts to repeal the SALT cap by leading 10 bipartisan members of Congress on the House Floor to highlight how the cap has hurt middle class families across the country and undermined progressive state programs. Video of Suozzi leading last night’s effort is found here.