From the start, limiting New Yorkers state and local tax deductions to $10,000 had a big impact on residents.
This week the House of Representatives moved to temporarily repeal the cap in the coming years.
Governor Andrew Cuomo rallied against the cap, which he said had a big impact on the state. That said, EJ McMahon of the Empire Center didn’t agree.
“I don’t think it’s a good tax bill, but the fact is the vast majority, the vast majority are paying lower taxes now than when the tax bill passed,” McMahon said.
President Donald Trump has threatened to veto the measure, and Senate Republicans have shown little interest in taking up the measure.
There were a total of five Republicans in the House who voted to lift the SALT cap. Among those locally were Representatives John Katko and Tom Reed.
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