NEW YORK (CBSNewYork) – Lawmakers from both sides of the aisle are working to bring back the state and local tax deduction, also known as SALT.
Long Island congressmen Rep. Tom Suozzi, a Democrat, and Republican Rep. Peter King held a press conference Monday to talk about a bill they are introducing.READ MORE: Campaign 2021: Early Voting Begins In New Jersey And New York City
The law would end the provision of the 2017 tax law that capped deductions at $10,000.
Officials say the cap negatively affected middle class families especially in high tax areas like Long Island.READ MORE: Many New Yorkers Canceling, Scaling Back Halloween Festivities Due To COVID Concerns
This summer, New York, New Jersey, Connecticut and Maryland filed a lawsuit the federal government over the Republican-led tax overhaul.
The SALT deduction is especially unpopular in high-tax, Democratic states, where many homeowners will see big increases in their federal tax bill.Alec Baldwin Was Told Gun Was 'Cold' Before Fatal Movie Set Shooting, Court Records Show
Gov. Andrew Cuomo says the tax bill was crafted specifically to hurt blue states. He says it’s also unconstitutional because it interferes with state taxing authority.