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Long Islanders Subsidizing Spending

Floor Speech

Date: Dec. 13, 2023
Location: Washington, DC

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Mr. LaLOTA. Mr. Speaker, for far too long, Long Islanders have paid much more in taxes to both Washington and Albany than we have received back in investments.

Published recently, the Long Island Regional Planning Council's 2023 Balance of Payments comparison highlights this disparity--a Long Island-D.C. deficit of $26 billion; and a Long Island-New York State deficit of $15 billion.

Mr. Speaker, addressing this injustice where Long Islanders subsidize Albany's and Washington's bloated spending is vitally important to my constituents.

To right this wrong, Albany lawmakers must implement judicious spending cuts and reduce income taxes, while at the same time providing proper investments in Long Island's infrastructure and schools.

Here in Washington, Congress must increase the State and local tax deduction cap. By increasing the cap, Congress can make a substantial impact on lowering the cost for all New Yorkers.

The collaboration between State and Federal entities on these comprehensive measures is crucial for securing a brighter and more prosperous future for Long Islanders.

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