Key New York House Republicans Reject Proposal to Raise SALT Deduction Cap in GOP Megabill
In a bold move, key New York House Republicans have announced their rejection of a proposal from GOP leadership to raise the state and local tax (SALT) deduction cap to $30,000 in the party’s bill full of President Trump’s legislative priorities. The House Ways and Means Committee, which oversees the tax portions of the GOP megabill, had been discussing increasing the SALT deduction cap from its current limit of $10,000. However, New York Republicans have stood firm in their decision to reject this proposal, citing concerns over the impact it would have on their constituents.
The SALT deduction allows taxpayers to deduct state and local taxes from their federal tax bill, providing relief for those who live in high-tax states like New York. The current cap of $10,000 has already caused significant backlash from residents in these states, who have seen their tax bills increase as a result. The proposed increase to $30,000 would still fall short of the previous unlimited deduction, but it was seen as a compromise by GOP leaders.
However, New York Republicans, led by Representatives Peter King and Lee Zeldin, have made it clear that they will not support any bill that includes an increase to the SALT deduction cap. In a joint statement, they stated, “We cannot in good conscience support a bill that would continue to unfairly burden our constituents and harm our state’s economy. The proposed increase to the SALT deduction cap is simply not enough to provide the relief that our taxpayers desperately need.”
Their stance has been met with support from other New York lawmakers, including Democratic Governor Andrew Cuomo, who has been a vocal critic of the GOP tax plan. He praised the Republicans for standing up for their constituents and stated, “The proposed increase to the SALT deduction cap is a drop in the bucket compared to the damage that this bill would do to New York’s taxpayers. We need our representatives to continue fighting for us and rejecting any proposal that would harm our state.”
The decision by New York Republicans to reject the proposed increase to the SALT deduction cap is a significant blow to GOP leaders who are trying to push through their megabill before the end of the year. With a slim majority in the House, every vote counts, and the loss of support from key members could jeopardize the passage of the bill.
But New York Republicans are not backing down. They have been vocal in their opposition to the SALT deduction cap since it was first introduced, and they are determined to see it removed from the final version of the bill. Representative Zeldin stated, “We will continue to work with our colleagues to find a solution that provides real relief for our taxpayers and does not unfairly target our state.”
Their rejection of the proposed increase to the SALT deduction cap has also gained support from other high-tax states, including New Jersey, California, and Connecticut. These states are also facing significant tax increases under the GOP plan and have joined forces with New York to fight against it.
In the face of this united opposition, GOP leaders may have to reconsider their stance on the SALT deduction cap if they want to pass their megabill. With the end of the year quickly approaching, time is running out for them to make any significant changes to the bill.
In conclusion, the rejection of the proposed increase to the SALT deduction cap by key New York House Republicans is a bold stand against a bill that would harm their constituents and their state’s economy. Their decision has gained support from other high-tax states and has put pressure on GOP leaders to find a solution that provides real relief for taxpayers. As the battle over the GOP megabill continues, New York Republicans are determined to fight for their state and its residents, and their courageous stance should be commended.
