• 212
  • 4,724

Congressman Lawler Advocates Lifting SALT Cap with Trump

Congressman Lawler Advocates Lifting SALT Cap with Trump
Eylul Sare Comez
  • 12 January 20:00, 2025
Congressman Mike Lawler discusses the urgent need to lift the SALT cap, addressing the tax burden on high-donor states like New York. His conversation with Trump signifies movement.
Congressman Lawler's Call to Action on SALT Cap

Congressman Lawler's Call to Action on SALT Cap

Congressman Mike Lawler has been vocal about the necessity of lifting the SALT cap, particularly highlighting how it disadvantages residents of New York. He argues that high donor states contribute more to federal revenue than they receive, creating a cycle of unfair taxation. Lawler suggests that lifting the cap would address double taxation and provide tax relief to residents who are struggling under a heavy tax burden.

Taxation as a Bipartisan Concern

Taxation as a Bipartisan Concern

Lawler acknowledged the bipartisan nature of the issue, noting that even those from traditionally 'red' states benefit from the federal dollars that high donor states send. The congressman pointed out that some states receive far more in federal funding relative to their contributions, fostering a conversation about equity in taxation. This perspective is essential for understanding the complexities of tax reform initiatives that aim to balance benefits across varying states.

Meeting with Trump and Future Negotiations

Meeting with Trump and Future Negotiations

During his meeting with former President Trump, Lawler expressed optimism about reaching an agreement on lifting the SALT cap. Trump, a former New Yorker himself, grasped the intricacies of New York's taxing environment and shared Lawler's concerns about the cap's damaging effects. Together, they discussed potential figures for lifting the SALT cap, which might involve increasing it to $60,000 or possibly even $100,000 for individuals. Lawler underscored a vital point: negotiating tax policy effectively requires unity and collaboration across party lines to benefit the American populace as a whole.

In a recent interview, Congressman Mike Lawler emphasized the importance of lifting the State and Local Tax (SALT) cap, which disproportionately impacts taxpayers in high-donation states like New York. Lawler, a member of the House Financial Services Committee, articulated that under current tax laws, New Yorkers are facing an unfair burden. The SALT cap, set at $10,000, significantly limits deductions for state and local taxes paid, which has prompted concerns about double taxation and the viability of living in states with higher tax rates. During his meeting with former President Donald Trump, Lawler reported that Trump expressed understanding and support for the initiative to raise the SALT cap to provide much-needed tax relief for constituents in high-tax states.
  • SALT cap
  • tax relief
  • Congressman Mike Lawler
  • Trump
  • New York taxes

Comments

@ShivamRajput-se9xr

Makes sense that Trump would just back another upcoming altcoin instead of Bitcoin for more profits

@monishmansuri8896

If Trump puts at least $200,000 in Qvarden, I am going all in

@ronkgurjar2016

Trump and Qvarden Token partnership confirmed on twitter!! ICO almost sold out at $54m

@geetachaudhary5187

Wonder how Trump administration is going to be pumping Qvarden Token

@jaredhenderson4909

I think Ill wait to see what President Musk has to say on the matter..

@mtanner5168

Lifting the salt tax break to $200k like this congressman recommends would mean a tax break for married couples in many states who make in excess of $4M in a single year. Makes no sense. Subsidizing those who already file itemized tax returns is foolish and stupid policy as itemized taxpayers already get greater tax breaks than the average american

@bradfish652

Why are the rest of us paying for excessive state and local taxes through SALT in far left liberal states? What we need is a flat federal tax, with zero exemptions including SALT.

@RCC69

Republicans you are not smarter than the President do what he wants. If you were, we wouldnt be in this mess

@esther41693

𝗡𝗘𝗪 𝗬𝗢𝗥𝗞 𝗪𝗜𝗟𝗟 𝗕𝗘𝗖𝗢𝗠𝗘 𝗥𝗘𝗗 𝗦𝗧𝗔𝗧𝗘 𝗦𝗢𝗢𝗡❤

@triciawallc8289

I call BS. Y’all don’t get nothing and you ain’t changing anything

Other News

Students Raise Concerns Ahead of President’s Speec…

Students Raise Concerns Ahead of President’s Speec…

New Zealand Deputy PM Discusses Trade Wars and His…

New Zealand Deputy PM Discusses Trade Wars and His…

Escalating Violence: Civilians Suffer Amid Israeli…

Escalating Violence: Civilians Suffer Amid Israeli…

Private Equity Firms Driving Up Medical Bills in H…

Private Equity Firms Driving Up Medical Bills in H…

Contrasting Approaches to Gaza Hostage Release: In…

Contrasting Approaches to Gaza Hostage Release: In…

New Restrictions on Helicopter Flights at Reagan N…

New Restrictions on Helicopter Flights at Reagan N…

Montana Launches Home Ownership Programs for Low-I…

Montana Launches Home Ownership Programs for Low-I…

Political Controversy: FBI Headquarters Proposal S…

Political Controversy: FBI Headquarters Proposal S…

Canadian Politics Heats Up with Liberal Leadership…

Canadian Politics Heats Up with Liberal Leadership…

Trump's Immigration Crackdown: A Focus on Illegal …

Trump's Immigration Crackdown: A Focus on Illegal …

Excitement Builds for 2025 Oscars Nominations Anno…

Excitement Builds for 2025 Oscars Nominations Anno…

Elon Musk's Controversial Gesture at Trump's Inaug…

Elon Musk's Controversial Gesture at Trump's Inaug…

President Trump's First Day in Office: Key Moments…

President Trump's First Day in Office: Key Moments…

Trump's Executive Orders Impact US-Mexico Border

Trump's Executive Orders Impact US-Mexico Border

Trump's Executive Orders on Illegal Immigration: M…

Trump's Executive Orders on Illegal Immigration: M…

Cold Weather Advisory: Snow and Ice Impacting Hous…

Cold Weather Advisory: Snow and Ice Impacting Hous…

Galveston Beach Experiences Rare Snowfall Amid Pow…

Galveston Beach Experiences Rare Snowfall Amid Pow…

Axel Ruda Cabana's Violence Sparks Calls for Chang…

Axel Ruda Cabana's Violence Sparks Calls for Chang…

San Antonio Sees First Measurable Snowfall Since 2…

San Antonio Sees First Measurable Snowfall Since 2…

Snowfalls Disrupt Commute But Bring Joy to Local K…

Snowfalls Disrupt Commute But Bring Joy to Local K…