Tag: salt
Suozzi Leads Charge in Washington to Repeal SALT Cap
U.S. Rep. Thomas Suozzi (D-Glen Cove) is ramping up the pressure on Congress and the Biden Administration to repeal the 2017 law imposing a $10,000 cap on federal income tax deductions for state and local taxes (SALT).
U.S. Appeals Court Skeptical of Ending Cap on State And Local...
A federal appeals court in Manhattan on Thursday appeared skeptical of arguments by four Democratic-leaning U.S. states to overturn Republican President Donald Trump's decision to cap federal deductions for state and local taxes.