Faso, New York Delegation Tell Treasury Secretary to Protect Key Tax Provision

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Washington, D.C., June 28, 2017 | comments

Washington, D.C. – Congressman John J. Faso (R-Kinderhook), along with Reps. Donovan, Katko, King, Stefanik, Tenney, and Zeldin, of the New York Congressional Delegation, recently sent a letter to Treasury Secretary Steve Mnuchin in support of the State and Local Tax (SALT) deduction, which allows taxpayers to deduct state and local tax payments from federal taxable income.

“Upstate New Yorkers are already saddled with some of the highest tax rates in the country across the board, and they flat-out cannot afford to be paying taxes twice on the same income. The SALT deduction prevents this double taxation by allowing individuals to apply federal taxes to their income after state and local taxes have been taken out.” Faso continued, “This is common-sense policy that has been in place for over 100 years, and its elimination would cause great harm to family budgets and would slow the growth in already-struggling Upstate communities.”

To view the full text of the letter, click here.

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