ICYMI: Suozzi: “No SALT, No Deal” – Suozzi Fights in Washington for New York Families Unfairly Targeted by SALT Cap
Huntington, New York – With the Biden Administration releasing their proposed changes to the tax code to pay for an infrastructure bill, Congressman Tom Suozzi (D-Long Island, Queens) has laid down a marker and said he will not vote for any changes to the tax code unless the State and Local Tax Deduction (SALT) is restored. The SALT cap has unfairly hurt families across New York and Suozzi’s call to stand up for struggling New York families has caught the attention of the national press:
Politico: GETTIN’ SALTY: Rep. Tom Suozzi (D-N.Y.) became the first Democrat to publicly announce that he will oppose any tax code changes UNLESS Congress restores the full deduction for state and local taxes (SALT). “No SALT, no deal," he said in his release. And as my colleague Sarah notes: He is not the only House Dem who feels this way. Rep. Josh Gottheimer (D-N.J.) followed suit, telling Axios he wouldn’t consider Biden’s tax proposals unless the admin reinstates the SALT deduction capped under Trump.
The New York Times: Democrats Look to Smooth the Way for Biden’s Infrastructure Plan “In the House, where Mr. Biden can currently afford to lose only three votes, Representative Tom Suozzi, Democrat of New York, warned that he would not support the president’s plan unless it eliminated a rule that prevents taxpayers from deducting more than $10,000 in local and state taxes from their federal income taxes.”
Bloomberg: Democrat Says He Will Oppose Any Biden Tax Plan Without SALT Fix : “No SALT, no deal,” Representative Tom Suozzi said in a statement Monday. “I am not going to support any change in the tax code unless there is a restoration of the SALT deduction.”
Forbes: Three House Democrats Vow To Oppose Biden Tax Plan Without Concession: Rep. Tom Suozzi (D-N.Y.), a moderate who represents mostly suburban areas of Long Island and Queens, said in a statement he is “not going to support any change in the tax code” without a “restoration” of the SALT deduction. Suozzi said the cap has been a “body blow” to residents of his state and “middle-class families in New York,” blaming it for a population exodus from New York to lower-tax states and arguing “families will continue to leave” if it remains.
Politico: Blue-state Democrats demand SALT relief in Biden's next big bill: “I think that if it doesn’t happen now, it’s not going to happen,” said Rep. Tom Suozzi (D-N.Y.), who this week became the first Democrat to vow he'd oppose any future tax increases without a restoration of the SALT deduction. “There’s certainly a lot of support" among House Democrats for reviving the full SALT deduction, he added. "The question is, who’s willing to draw a line in the sand on this issue?”
In Congress, Suozzi sits on the powerful House Ways and Means Committee and leads bipartisan legislation in the House with 106 cosponsors to have the SALT cap repealed. In the Senate, Majority Leader Chuck Schumer leads companion legislation. The proposal would allow taxpayers to fully deduct their state and local taxes on their federal income returns. At the end of 2017, the deduction was capped at $10,000 and resulted in a tax increase for many middle-class families across New York.
Rep. Suozzi has continued to highlight why the cap on the SALT deduction is unfair to New York:
- New Yorkers already subsidize other states by paying $20-30 billion more in taxes than we receive back from the federal government;
- The repeal of the SALT deduction results in double taxation by imposing federal taxes on the income used to pay state and local taxes;
- The elimination of the deduction drives wealthier people to other states and leaves middle- and lower-income taxpayers to pay either increased taxes to make up the difference or face cuts in services, effectively holding the bag to pay for school, police, and other essential state and local tax burdens.
In addition to bipartisan support in the House of Representatives, a repeal of the SALT deduction is supported by state leaders and several national leaders including:
- US Conference of Mayors
- National Association of Counties
- National League of Cities
- International Association of Firefighters
- National Association of Realtors
- American Federation of Teachers
- National Education Association
- National Association of Police Organizations