Congressman Pete King Fights to Preserve Property & State Income Tax Deductions
While I strongly believe our tax code needs to be reformed and simplified, everything must be done to ensure property tax and state income tax deductions are preserved. No one should be taxed again on money you have already been taxed on at the state level. These tax deductions have been in place since 1913 and have ensured the taxpayer would not be burdened by a double tax. Almost half of my constituents benefit from the SALT tax deduction, and taking away these deductions would be crippling to New Yorkers, especially those on Long Island. A great majority of Long Islanders are homeowners and their home is their main asset, nothing should ever be done to make home ownership more difficult in an already extremely expensive market.
I have been very clear; I will do anything I can to prevent any attempt to take away these important deductions from Long Islanders. We must guarantee that all Americans benefit from the proposed tax reform plan, and eliminating the SALT tax would directly counter that goal.
I will be sure to keep you informed as this debate moves forward. You can be certain that I will continue to work hard to ensure these important deductions remain in place. Should you have any further questions or comments please do not hesitate to contact me.