President Donald Trump appealed to New York voters, promising to reinstate the state and local tax (SALT) deduction if he is re-elected president.
in post On Truth Social, the former president Rally Speaking at the Nassau Veterans Memorial Coliseum in Uniondale, New York on Wednesday, Trump said he would “turn New York around” and asked voters, “What have you got to lose?”
“The Nassau Coliseum on Long Island will be a real big deal tomorrow,” Trump wrote. “It will be packed with patriots! New York, we have a real chance to win for the first time in decades. Hundreds of thousands of immigrants, record crime, terrorists on the rise, inflation eating away at your soul. What have you got to lose? Vote Trump! We'll turn it around, bring back salt, lower taxes, and so much more to do.”
As Breitbart News previously reported, the SALT deduction has been in existence since the ratification of the 16th Amendment to the U.S. Constitution in February 1913. However, it has been described as “controversial” because it was subsidized by Democratic-leaning states and resulted in “higher income and property taxes.”
The SALT deduction has been around since the ratification of the 16th Amendment to the U.S. Constitution in 1913, giving Congress the power to impose income taxes. However, it is highly controversial because it tends to subsidize liberal states that set higher income and property taxes. As a result, taxpayers in just 10 states receive 62% of the SALT deduction, meaning that the average SALT deduction in those two states is $4,200, while in the other 40 states it is just $2,300.
The Trump Tax Cuts and Jobs Act of 2017 put a $10,000 cap on the SALT deduction.
In February, the House of Representatives Blocked The bill would temporarily double the limit on the SALT deduction.
Trump added that he would work with New York Governor Kathy Hockle (D-NY) and New York City Mayor Eric Adams (D) to secure funding to bring the state's economy “back to levels not seen in 50 years.”
“People are fleeing. Maybe we can get them to 'flee back,'” Trump added. “See you Wednesday at 7pm ET at the Nassau Veterans Memorial Coliseum!”
