Congressmembers Suozzi, Bowman, and Jones Join Forces with County Executive Latimer to Push for Repeal of SALT Cap: “We Are in a Battle to Save New York!”
White Plains, NY – Today, Congressman Tom Suozzi (NY-03), Congressman Jamaal Bowman (NY-16), Congressman Mondaire Jones (NY-17), and Westchester County Executive George Latimer joined forces in calling for the repeal of the cap on State and Local Taxes (SALT) to be included in the next package to come out of Washington, DC. The elected officials held a joint press conference outside the home of a White Plains family that is feeling the negative impacts of the SALT cap. Photos from the event can be found here.
“Since the previous President capped the SALT deduction at $10,000 in 2017, hundreds of thousands of people in my district, where we pay the highest property taxes in the entire nation, have been forced to pay thousands of dollars more in taxes each year -- a crushing burden for middle-class families, and a key contributor to the affordability crisis here in our district,” said Congressman Jones. “That is why Congressman Suozzi and I, with Congressman Bowman as a cosponsor, introduced the SALT Deductibility Act. Our bill would fully restore the SALT deduction and put thousands of dollars back into the pockets of hundreds of thousands of working people here in Westchester -- money that can be spent on housing, food, transportation, child care, health care, and so much more.”
“We are in a battle to save New York! Every day the SALT cap remains in place, New Yorkers hurt. The SALT cap is crushing New York and many other high-cost progressive states,” said Congressman Suozzi, who is the lead sponsor of the SALT Deductibility Act in Congress. “Higher-income residents are fleeing our state for lower-taxed states that don’t provide the same level of services. As New York loses population, we also lose influence in the Congress even though we are the largest net donor to the federal government. My top priority in Congress remains to repeal this unfair cap on our state and local tax deduction.”
"The SALT deduction cap passed during the Trump administration has caused financial distress for so many of my constituents," Congressman Bowman said. “We are dealing with the worst pandemic in 100 years, which has devastated our communities, and must do everything we can to put money back into the hands of New Yorkers and make people whole. I’m proud to co-sponsor this legislation which would do just that by eliminating the cap on SALT deductions."
“The largest tax increase hardworking Westchester residents have seen was the elimination of the SALT Tax Cap by the GOP controlled Congress in 2017. This tax increase most greatly impacts middle-class Westchester residents who are already struggling,” said Westchester County Executive George Latimer. “Thanks to Congressmen Suozzi, Jones and Bowman, and our US Senators Schumer and Gillibrand, the SALT Deductibility Act will reverse this added burden and provide much needed relief to residents who choose to live in Westchester because of all it has to offer. No longer should residents of states with greater public services be forced to carry weight for states that receive more in federal funds then they give.”
"We love our community, but Westchester is a hard place to try and stretch a dollar. So, you might imagine, every penny of our income goes towards raising our family. Restoring the SALT deduction would present the opportunity to continue to do our best as parents to provide the quality of life for our children they deserve. and that we work hard to achieve,” said White Plains homeowners Ayeshah and Brian Parker.
Before the cap was placed on the deduction, more than 230,000 Westchester County residents and over 67,000 Rockland County residents used the SALT deduction – many of whom are working, middle-class families. The average SALT deduction for Westchester and Rockland in 2017 was $36,263 and $22,249.
In Congress, Suozzi is the lead sponsor of the SALT Deductibility Act, legislation that would repeal the SALT cap. Jones is an original co-sponsor and Bowman is a co-sponsor of that legislation. In 2019, the House passed legislation to repeal the cap, but was blocked by a then Republican-controlled Senate.
Senator Chuck Schumer, now the Majority Leader, leads companion legislation in the Senate to repeal the SALT cap.