Rep. Nicole Malliotakis (R-N.Y.), one of the blue-state Republicans working to raise the state and local tax (SALT) deduction cap that was enacted as part of the 2017 Trump tax cuts, insisted Wednesday that lifting it to $25,000 wouldn’t be enough.
“$25,000 is not going to cut it,” she said, declining to name the level necessary to win her support.
Whether Republicans will pursue a higher cap for individuals at the expense of joint filers, or whether joint filers will be prioritized, is something that’s currently under discussion, she said.
“The question is, do we want a higher individual number? Or do we want to eliminate the marriage penalty, which would make the number lower for individuals? That’s the question we have to agree [on],” Malliotakis said.
The SALT deduction, a popular tax break among wealthy taxpayers in higher tax states that was limited to $10,000 in 2017, is among the most contentious provisions that Republicans are now debating.
— Tobias Burns