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SUOZZI: “NO SALT, NO DEAL” - WILL STILL OPPOSE ANY CHANGES TO TAX CODE UNLESS CAP ON SALT DEDUCTION IS REPEALED

September 7, 2021
Press Release
Suozzi sits on the powerful House Ways and Means Committee, the chief tax-writing committee

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.

 

Since the cap on the SALT deduction was instated in 2017, Suozzi has fiercely advocated for the repeal of the cap and has highlighted how it has hurt middle-class families, union families, and undermined the ability of state and local governments to provide robust public service and social assistance/programs in high cost of living states like New York. In addition, the repeal of the cap would lower the taxes of New Yorkers and middle-class New Yorkers by $15 billion per year.

 

“No SALT, no deal. I stand by my call that I will not support any change in the tax code unless there is a restoration of the SALT deduction. The cap on the SALT deduction has been a body blow to the state and middle-class families of New York. In fact, the repeal of the cap would lower the taxes of New Yorkers by upwards of $12 billion a year. That’s just about as much federal aid as any relief program the federal government could provide to New Yorkers. I simply cannot stand by while the hardworking people across all of New York are hurting because of the SALT cap.”

 

Suozzi’s major efforts on repealing the SALT cap:

2017: Reps. Suozzi, King, and Zeldin Stand in a Bipartisan Call on Long Island for the 2017 tax bill to NOT include a cap on the SALT deduction

 

2019: Suozzi Appointed to the House Ways and Means Committee, the chief tax writing committee, where he continues his staunch advocacy for the repeal of the SALT cap

 

2019: House Passes Suozzi’s Bipartisan legislation to repeal the SALT cap

Then Majority Leader Mitch McConnell refuses to act on this legislation which would provide relief to middle class families in high cost of living states

 

2020: Rep. Suozzi and then Minority Leader Chuck Schumer Stand Together with Long Island Families unfairly targeted by the SALT cap calling for full repeal

During the event, Schumer said: “When we get in the majority we’ll do it permanently,” referencing repeal on the SALT cap

 

2021: Rep Suozzi and Majority Leader Chuck Schumer introduce dual legislation to repeal SALT cap

Legislation has over 100 bipartisan cosponsors across both chambers and is supported by major unions and middle-class advocacy groups

 

2021: Suozzi Leads 10 Ways and Means Members of Congress in a letter to the White House requesting a meeting on SALT to urge that the next major legislative package includes SALT deduction relief

 

2021: After continuing to hear from middle class constituents hurting from the SALT cap, Suozzi leads three other members in ‘No SALT, No Deal’ pledge and will oppose any changes to the tax code without restoration of the SALT deduction

 

2021: Suozzi and Rep. Nadler lead nearly the entire NY Delegation in which they say they stand ready to oppose any tax legislation that does not fully restore the SALT deduction

 

2021: Suozzi’s efforts to repeal SALT Cap goes noticed by New York media as Suozzi fights for middle class families

 

2021: Suozzi forms the Bipartisan SALT Caucus to advocate for restoration of the SALT Cap; Caucus gains over 30 members in 24 hours

 

2021: Suozzi organizes press event with Police, Teacher, and Firefighter Unions to highlight how the SALT cap unfairly targeted union families

 

2021: Suozzi organizes press event with national groups of mayors, county executives, and cities to highlight how the SALT cap has undermined the ability of local governments to effectively govern

 

Bloomberg: Mr. SALT' and N.J. Ally Fight Ocasio-Cortez to Revive Tax Break

 

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