Trump Pledges To Restore SALT Write-Off, Tax Break He Curbed

Published on September 18, 2024

Donald Trump said that he would revive the state and local tax deduction, a popular tax break for New Yorkers that the former president limited during his time in the White House.   “I will turn it around, get SALT back, lower your Taxes, and so much more,” Trump said in a Truth Social post on Tuesday, a day before he is scheduled to hold a rally on Long Island, New York.   The deduction is a particularly potent issue in New York City-area suburbs where the combination of high tax rates and high property values make the tax write-off especially valuable. The Tax Cuts and Jobs Act, Trump's signature tax law, capped the value of that deduction at $10,000, regardless of marital status.   Trump didn't specify what changes he would make to SALT.   Limiting the SALT deduction had broad support from Republican members of Congress

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US Department of Labor inducted 9 labor unions into its Century of Service Honor Roll of American Labor Organizations

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