The State and Local Tax Deduction (SALT) saves New Yorkers more than $70 billion a year. Here in Westchester, the average SALT deduction is about $34,000.
Make no mistake, the elimination of SALT, now under active consideration by Republicans in Congress and the Trump Administration, would devastate household budgets in our community and in other high-cost regions throughout the nation. That’s not my idea of “tax reform” or a “tax cut.”
Fortunately, many leaders in Congress, including our federal representatives, Chuck Schumer, Kirsten Gillibrand, and Eliot Engel, are fighting this outrageous proposal and standing up for middle-class taxpayers. Let’s hope they prevail.