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New York Republicans to urge Trump to lift state, local tax cap

^{Published on 2025-01-10 16:20:48 - MSN}

Republican members of New York's congressional delegation are set to meet with President-elect Donald Trump this weekend and push for an increase to the federal deduction for state and local taxes. Reps.

The article from MSN discusses how New York Republicans are planning to urge former President Donald Trump to support lifting the state and local tax (SALT) deduction cap if he wins the 2024 presidential election. The SALT deduction cap, set at $10,000, was part of the 2017 Tax Cuts and Jobs Act, which significantly impacted high-tax states like New York. This cap has been a point of contention, particularly for residents in high-tax areas where property and state income taxes exceed this limit. The push to eliminate the cap is seen as a way to provide tax relief to middle-class families in these states, potentially influencing voter sentiment in key electoral areas. The article highlights the political strategy behind this move, aiming to leverage Trump's influence to address a policy that has been unpopular among many New York constituents.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/new-york-republicans-to-urge-trump-to-lift-state-local-tax-cap/ar-BB1rffUp ]

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