Bi-Partisan Push On For State, Local Tax Deduction Fix
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.
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.
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.
READ THE LAWSUIT: Civil Action No. 18-cv-6427
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.
