New York Post
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Trump pledges to restore SALT deduction ahead of rally in tax-heavy NY
Posted
September 18, 2024
Views
3,256
Likes
70
Comments
22
Engagement
2.83%
September 18, 2024
3,256
70
22
2.83%
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0:56Now PlayingFormer President Donald Trump vowed Tuesday to restore the state and local tax deduction that he previously clawed back during his first term in hopes of appealing to blue New York ahead of his Long Island rally.
The SALT deduction enables taxpayers to deduct their state and local taxes from the adjusted gross income on their federal income taxes.
Trump, 78, previously signed the Tax Cuts and Jobs Act of 2017, which capped SALT at $10,000, disproportionately affecting blue states with higher taxes, like the Empire State.
“I will turn it around, get SALT back, lower your Taxes, and so much more. I’ll work with the Democrat Governor and Mayor, and make sure the funding is there to bring New York State back to levels it hasn’t seen for 50 years,” Trump pledged on Truth Social.
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#donaldtrump #taxes #election #politics
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