Salt Equity

Floor Speech

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Mr. LaLOTA. Mr. Speaker, my constituents need more SALT, and Congress must deliver it in this year's budget. The State and local tax deduction is the number one Federal tax issue for Long Islanders. It protects taxpayers from being taxed twice on the same income and ensures fairness in our tax system.

My Democrat colleagues claim SALT relief is a handout for the wealthy. Nothing could be further from the truth. My district has one of the highest costs of living in the Nation where what is considered a high income elsewhere barely covers expenses.

My Republican colleagues argue SALT relief subsidizes bloated State budgets, but the facts don't lie. States like New York, New Jersey, and California send billions more to Washington than we get back.

Meanwhile, States like Kentucky and South Carolina and dozens of other red States receive much more than what they contribute. We Long Islanders aren't asking for any special treatment, we just want our fair share.

A higher SALT cap means tax fairness. It means economic equity, and it means relief for hardworking families. Let's get it done.

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