Page 4 - Salt Deduction News Today

Republicans need to find more ways to be competitive in blue state swing districts, but handouts to wealthy homeowners through the tax code are not the answer.

Resign. those calls have continued. they have been, you know, resolute in those and they have said that they will not work with him on any legislation even though some actually share many similar priorities. there are two different bills, george santos has one and his colleague has another on the salt deduction that burdens many high income states including new york and those congressmen have said that they will not work with him. and you have heard that echoed by other freshman gop members. and...

Lawmakers are re-introducing legislation to repeal the deduction cap on state and local taxes

Once primarily an issue for Democrats, GOP gains in New York have made the deduction an issue for them, too.

Once primarily an issue for Democrats, GOP gains in New York have made the deduction an issue for them, too.

Sen. Susan Collins introduced the SALT Deduction Fairness Act last week, the latest effort to restore a full income tax deduction for state and local taxes.

The bill, introduced in the House by Rep. George Santos, R-NY, is one of three currently circling around Congress that would lift the state and local tax deduction.

Representative George Santos may not be well liked by his colleagues or constituents, but his first bill in Congress deals with something wildly popular in his district on New York's Long Island — the state and local tax deduction.

"This new law builds on our already strong business climate and continues to make Indiana a great place to live and work," state Sen. Scott Baldwin, R-Noblesville.

The issue is important to lawmakers in high-tax states, and is also important to municipal issuers in those places who have said the cap infringes on their fiancial sovereignty.