Trump Pledges to Restore SALT Write-Off, Tax Break He Curbed
“There are some people from New York who have been speaking to me about doing something about that, about changing things,” Trump said at the time.
Repealing the SALT cap would add $1.2 trillion to the cost of that tax law extension over the next 10 years, according to the Committee for a Responsible Federal Budget.
Trump’s Long Island rally, at Nassau Veterans Memorial Coliseum in Uniondale on Wednesday, is off the beaten path for presidential candidates, who generally focus on the battleground states most likely to decide the election. But Long Island has taken center stage in the hard-fought battle for control of the U.S. House of Representatives. Democrats are pouring resources into efforts to unseat GOP House members Anthony D’Esposito and Nick LaLota.
Forty-seven percent of high-income tax returns filed in Nassau County in 2021 had their state and local tax deductions capped, according to IRS statistics.
New York has voted Democratic in every election since 1984, and polls show Kamala Harris with a double-digit lead in the state.
But the former president, a native New Yorker, has long cast a quixotic eye on the state, especially after his conviction earlier this year in Manhattan on charges he falsified business records to cover up a hush-money payment to a pornographic actress.
“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 said in his social media post.
Last month, Trump called New York Governor Kathy Hochul “very unpopular” and “the nastiest speaker” at the Democratic National Convention. Hochul has referred to Trump as a “fraud, a philanderer and a felon.”