Cuomo Calls On House Dems To Repeal SALT Deduction Cap [POLL]

NEW YORK — Homeowners in New York continue to be burdened by the Trump-era tax reform rules that capped federal income tax deductions for state and local taxes — or SALT.

There seems to be a consensus among Democrats in New York City, the Hudson Valley and Long Island that the SALT deduction cap must be repealed.

After all, in many parts of New York such as the lower Hudson Valley and Long Island, the property taxes for even modest homes can well exceed the current $10,000 limit under the cap.

On Monday, Gov. Andrew Cuomo signed a law that lowers the income tax rates for middle-class taxpayers, which he said would save 4.8 million New Yorkers more than $2.2 billion this year.

Cuomo again called on Congress to repeal the 2017 federal Tax Cuts and Jobs Act, which got rid of the full deductibility of SALT.

He said the "SALT assault" cost New York homeowners $30 billion — or $2,600 per home.

"Because of SALT, in 2017, New York had the largest tax hike of any state in the nation — that's why it was personal and devastating," Cuomo said.

The Hill reported that last week, most of the New York Democrats in Congress threatened to oppose any future tax legislation that didn't include repealing the SALT deduction cap.

Cuomo said the Democrats need to keep their promises to get rid of the burden that SALT imposes on New Yorkers.

Now it's your turn to weigh in on the issue. Vote in our unscientific poll and tell us what you think in the comments.