NEW YORK / WASHINGTON, D.C. (TIP): Congressman Tom Suozzi (D – Long Island, Queens), who was nicknamed “Mr. Salt” by Crain’s New York Business for “his single-minded devotion to the issue,” has again been named a Co-Chair of the House SALT Caucus. SALT stands for the state and local tax deduction. The group is dedicated to relief from the $10,000 limit on the federal deduction for state and local taxes that was passed in 2017.
“I have four priorities in Congress: 1) bring ‘order to the border,’ 2) bring money back to the district, 3) try and heal some of the partisan divides, and 4) restore the SALT deduction,” said Suozzi.
The Congressman warned that the biggest battle for SALT restoration is yet to come. The 2017 bill that capped the SALT deduction at $10,000 is set to expire next year, in 2025.
Suozzi warned that President Trump and the Republican majority threaten to eliminate the SALT deduction entirely if they take control. We must start preparing now to reinstate the entire SALT deduction.
The cap on SALT deduction was “a punch in the gut” and “double taxation” for Long Island and Queens residents. Suozzi reminded us that SALT has been a staple of the federal tax code for more than 100 years.
“It was one of the original federal tax deductions when the income tax was first established in 1913. Congress realized that it was inherently unfair to penalize Americans by requiring them to pay taxes on taxes they had already paid,” Suozzi explained.
Since the summer of 2017, when Republicans first floated the idea that their new tax reform bill would cap the SALT deduction, Tom Suozzi has taken the lead in protecting and preserving it in the House of Representatives.
During the last several years, because of his persistence, the House passed, with bipartisan support, three separate Suozzi bills to restore the SALT deduction. Unfortunately, the bills were always blocked by Republicans in the Senate.
Suozzi returns to Co-Chair the caucus he first formed in April 2021 with Democrat Josh Gottheimer (NJ-5), Republican Michele Steel (CA-48), Republican Andrew Garbarino (NY-2), and 29 other bipartisan members.
Suozzi left Congress at the end of the last session, 2022, and returned after winning last February’s special election to replace the expelled George Santos in the 3rd congressional district.
“I will not rest until this unfair burden on New Yorkers is removed and the SALT deduction is restored,” he said.
You are my intake, I have few web logs and infrequently run out from to post : (.
I conceive this website holds some real fantastic info for everyone. “Philosophy triumphs easily over past evils and future evils but present evils triumph over it.” by La Rochefoucauld.
I reckon something really interesting about your weblog so I saved to favorites.
제주 노래방은 매장마다 이용 방식이 다를 수 있어 원하는 분위기와 비용 구성을 먼저 확인하는 게 좋겠습니다. 관련 내용은 제주노래방 안내에서 참고할 수 있습니다.
Hello, Neat post. There’s an issue together with your web site in internet explorer, may check this?K IE nonetheless is the market chief and a good section of people will leave out your excellent writing due to this problem.
I like this post, enjoyed this one thanks for posting.
I have been absent for a while, but now I remember why I used to love this web site. Thank you, I’ll try and check back more frequently. How frequently you update your website?
Wonderful paintings! That is the type of information that should be shared around the internet. Disgrace on Google for now not positioning this publish upper! Come on over and visit my web site . Thank you =)
Some really nice stuff on this internet site, I like it.
Pretty section of content. I just stumbled upon your blog and in accession capital to assert that I get in fact enjoyed account your blog posts. Any way I will be subscribing to your augment and even I achievement you access consistently rapidly.
Precisely what I was searching for, appreciate it for posting.
I have recently started a website, the info you provide on this website has helped me greatly. Thanks for all of your time & work. “There can be no real freedom without the freedom to fail.” by Erich Fromm.
Great post, I conceive people should larn a lot from this website its rattling user genial.
Your house is valueble for me. Thanks!…
Hi, i think that i saw you visited my web site so i came to “return the favor”.I’m trying to find things to enhance my website!I suppose its ok to use a few of your ideas!!
hi!,I like your writing very much! share we communicate more about your article on AOL? I require a specialist on this area to solve my problem. May be that’s you! Looking forward to see you.
I am extremely impressed with your writing skills and also with the layout on your weblog. Is this a paid theme or did you modify it yourself? Either way keep up the nice quality writing, it’s rare to see a great blog like this one nowadays..
Hey very cool website!! Man .. Beautiful .. Superb .. I will bookmark your web site and take the feeds additionallyKI’m happy to find so many helpful info here within the put up, we’d like develop extra techniques on this regard, thanks for sharing. . . . . .
Good, I should definitely pronounce, impressed with your site. I had no trouble navigating through all tabs and related info ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, site theme . a tones way for your client to communicate. Excellent task.
Thanks a lot for sharing this with all of us you actually know what you are talking about! Bookmarked. Kindly also visit my site =). We could have a link exchange arrangement between us!
Just wanna comment on few general things, The website design is perfect, the content is very excellent : D.
Spot on with this write-up, I really suppose this web site needs way more consideration. I’ll in all probability be again to read much more, thanks for that info.
Of course, what a magnificent site and educative posts, I surely will bookmark your blog.Have an awsome day!