Politics

Almost all of New York's House Democrats draw a hard line on state and local tax deductions

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Each Empire State House Democrat besides Rep. Alexandria Ocasio-Cortez and Kathleen Rice signed the letter, a copy of which was obtained by POLITICO.

The group is a component of a rising refrain of Democrats calling to roll again the tax deduction cap instituted to assist pay for the GOP’s pricey tax-cut package deal in 2017. Supporters of that push embody Speaker Nancy Pelosi, who informed reporters earlier this month that she hopes to safe the restoration of limitless SALT deduction within the broader package deal.

“I feel we’re constructing momentum and we’re persevering with to construct momentum,” Suozzi mentioned in an interview Tuesday.

Rolling again the SALT cap would give reduction to taxpayers in blue states, who pay the best charges of state and local taxes throughout the U.S. However the coverage hasn’t been with out controversy within the occasion. Some progressive Democrats, together with Ocasio-Cortez, have argued that rolling again the deduction — which might value tens of billions of {dollars} the primary yr alone — would solely assist the wealthiest taxpayers.

“Lots of progressives help this, actually from New York delegation, different states as nicely,” Suozzi mentioned, when requested about some of the liberal pushback on the proposal.

“When this was achieved by President Trump and the GOP, they weren’t making an attempt to be progressive, I can guarantee you on that. This had the largest adverse impression on progressive states,” Suozzi mentioned.

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