salt cap 2021: How a Repeal of the SALT Cap Would Help Long Island Homeowners - 02/16/21 07:45 AM
A new administration in the White House means a new opportunity for New York lawmakers to push for a repeal of the SALT cap. With President Biden sworn in and changes to the makeup of the House and Senate, conversation about the SALT cap has renewed with support from Governor Andrew Cuomo, Senate Majority Leader Chuck Schumer, and Congressman Tom Suozzi, among others. Both Schumer and Suozzi introduced legislation in late January to the newly Democratic-controlled House and Senate.
The SALT cap was enacted in 2017 by former President Trump as part of his tax reform package, the Tax Cuts and Jobs … (0 comments)