![]() The SALT Deductibility Act, first introduced in January 2018, would repeal the limit on the SALT deduction, providing tax relief for the millions of families who rely on the deduction.Ĭongresswoman Lowey has been a leader in the U.S. The Republican tax law, however, caps the SALT deduction at $10,000, effectively raising taxes on millions of middle-class Americans who depend on the deduction. In Congresswoman Lowey’s district, the 17th Congressional District of New York, the rate is even higher, with 45 percent of taxpayers relying on the state and local tax deduction at an average of $26,000. The SALT deduction was a major source of tax fairness for high-taxed states like New York, where 35 percent of taxpayers deduct an average of more than $22,000 every year. Prior to enactment of the Republican tax law, New York taxpayers who itemized could deduct their state and local property and income taxes. That’s a $48 billion shortfall and hurts our middle class Long Islanders. For every dollar we give, we get $.79 back. “We give far more to Washington then we get back. “Eliminating deductions for local and state taxes the tax reform plan will have a devastating effect on New York,” said Congressman King. Our bill ensures that New York families see tax relief, not more tax burdens.” “Protecting this deduction is more important than ever with the Trump Administration’s continued assault on the middle class. That’s why I’m proud to reintroduce my bill,” said Congresswoman Lowey. “Repealing the SALT deduction was a callous move designed to target New York taxpayers, who are taxed enough as is. Members unless permission has been secured from POZ.WASHINGTON, DC – Congresswoman Nita Lowey (D-NY17/Rockland-Westchester), Chairwoman of the House Appropriations Committee, and Congressman Peter King (R-NY02/Nassau-Suffolk) today introduced the Securing Access to Lower Taxes by ensuring Deductibility Act of 2019, or SALT Deductibility Act, a bill to fully restore the state and local tax (SALT) deduction, which was significantly curtailed by the federal tax overhaul signed into law in December 2017. Product advertisement-including links banners editorial content and clinical trial, study or survey participation-is strictly prohibited by forums.Additionally, all forums members must post information which are Provide hyperlinks with full URLs or full citations of published works not available via the Internet. We ask all forums members to provide references for health/medical/scientific information they provide, when it is not a personal experience being discussed.Click here for posting guidelines pertaining to all other POZ community forums. Click here for “Do I Have HIV?” posting guidelines. Posting guidelines, including time-out and banning policies, have been established by the moderators Forums members must behave at all times with respect and honesty.If otherwise, users must clearly define themselves as such. All members of these forums are, by default, not considered to be licensed medical providers.The information shared in these forums, by moderators and members, is designed to complement, not replace, the relationship between an individual and his/her own.We do not allow the deletion of anything you post in these forums, so think before you post. Username or avatar that are self-identifying in any way. If you are HIV positiveĪnd disclose this in our forums, then it is almost the same thing as telling the whole world (or at least the World Wide Web). Privacy Warning: Please realize that these forums are open to all, and are fully searchable via Google and other search engines. Click on the links below to browse our various forums scroll down for a glance at the most recent posts or join in theĬonversation yourself by registering on the left side of this page. Welcome to the POZ Community Forums, a round-the-clock discussion area for people with HIV/AIDS, their friends/family/caregivers, and
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