Bloomberg Talks
Rep. Mike Lawler Talks SALT Cap, Trump Meeting
Jan 8, 2025
Mike Lawler, a Congressman from New York, advocates for expanding SALT tax deductions which greatly affect high-tax state residents. He shares insights from his visit to Mar-a-Lago and discusses the urgency of negotiating tax relief amidst New York's budget crisis. The challenges of the SALT cap, rising state budgets, and potential taxpayer migration are key concerns. Lawler emphasizes the need for pragmatic discussions on energy tax credits, U.S. debt, and economic strategy to ensure growth and support for hardworking Americans.
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Quick takeaways
- Rep. Mike Lawler advocates for raising the SALT cap to alleviate tax burdens on residents of high-tax states like New York.
- Lawler acknowledges the need for a comprehensive strategy to address the national debt while promoting responsible tax policies and energy production.
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