With the cap on state and local tax (SALT) deductions set to expire next year, New York lawmakers are firmly opposing any attempts to reinstate it. The $10,000 limit, introduced in 2017 under former President Donald Trump, has disproportionately affected taxpayers in high-tax states like New York.
Senate Majority Leader Chuck Schumer vowed not to support any legislation that would bring back the cap, stating it “hurts New York so badly.” Representatives from competitive districts echoed this sentiment, with Rep. Pat Ryan calling for the cap’s complete elimination and Rep. Marc Molinaro asserting he wouldn’t vote to extend it.
The outcome may hinge on the upcoming congressional elections, which could shift the balance of power. As negotiations loom, New York officials are leveraging their positions to advocate for their constituents and push for the cap’s removal.
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