Bloomberg Talks Rep. Mike Lawler Talks SALT Caucus Vote
May 21, 2025
Mike Lawler, Republican Representative for New York, dives into the critical issues surrounding the SALT deduction cap that he’s pushing to lift to $40,000. He emphasizes its significance for middle-class families burdened by high property taxes. Lawler also discusses the importance of work requirements for Medicaid as part of broader efforts to control spending. His insights highlight the balance between economic fairness and necessary fiscal policies, especially in the politically charged atmosphere ahead of elections.
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SALT Cap Lift Aids Middle Class
- Lifting the cap on the SALT deduction to $40,000 targets middle-class families in high tax states.
- This provides lasting tax relief over the entire 10-year bill duration, benefiting those most burdened by property and income taxes.
SALT Caucus Confidence Grows
- The SALT caucus negotiated a deal they believe in and support after years of advocacy.
- There is optimism about passing the bill soon with real tax relief and fiscal responsibility measures included.
SALT Deduction's Historical Fairness
- New York is a donor state sending more to Washington than it receives.
- The SALT deduction originally existed for over 100 years as a fair offset and was used to fund doubling the standard deduction.