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New York Democrat Suozzi Takes on the SALT Cap
Manage episode 291834165 series 1461619
Contenido proporcionado por Bloomberg Tax. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Bloomberg Tax o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
Rep. Tom Suozzi (D-N.Y.) is among lawmakers from high-tax states who want to repeal the $10,000 cap on deductions for state and local taxes paid. Individuals in Democratic states like New York and California have seen their tax bills go up as a result of the cap, which was part of the 2017 tax law.
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Manage episode 291834165 series 1461619
Contenido proporcionado por Bloomberg Tax. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Bloomberg Tax o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
Rep. Tom Suozzi (D-N.Y.) is among lawmakers from high-tax states who want to repeal the $10,000 cap on deductions for state and local taxes paid. Individuals in Democratic states like New York and California have seen their tax bills go up as a result of the cap, which was part of the 2017 tax law.
Suozzi is leading the fight against the cap, trying to pressure the Biden administration and leaders in Congress to include the repeal in an upcoming legislative package.
In this week’s episode of Talking Tax, reporter Kaustuv Basu talks to Suozzi about the battle to get rid of the cap and what he sees happening in the next few months.
339 episodios
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continue reading
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