Thursday, December 19, 2019

LATIMER CALLS ON FEDERAL LAWMAKERS TO VOTE TO RESTORE SALT DEDUCTIBILITY.


WESTCHESTER COUNTY EXECUTIVE GEORGE LATIMER CALLS ON FEDERAL LAWMAKERS TO VOTE TO RESTORE SALT DEDUCTIBILITY.

“I thank the Westchester Congressional delegation for co-sponsoring the Restoring Tax Fairness for States and Localities Act (H.R. 5377) and for thinking of the people in Westchester County, sitting at their kitchen tables paying bills – and with them in mind, acting to stop this assault on the middle class.  I strongly urge the U.S. House of Representatives to vote for this legislation, which would eliminate the $10 thousand dollar limit SALT deductions for 2020 and 2021.

“In Westchester County, more than 47% of residents itemize their federal tax deductions with an average of $34,300 in deductions, well above both the cap and the new standard deduction. This results in double taxation on the same income, and effectively raises taxes on thousands of middle-class and working families in Westchester who depended on the deduction. Many of our federal representatives have championed this issue – I now ask others to join the fight.”

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