Bloomberg Talks Rep. Mike Lawler Talks SALT Standoff, Trump Middle East Trip
May 16, 2025
Mike Lawler, a Republican Congressman from New York's 17th district, dives into the heated negotiations around the SALT cap tax, highlighting its impact on constituents facing high property taxes. He discusses the pressing need for moderate voices in Congress to balance fiscal responsibility and support social programs. Additionally, Lawler reflects on President Trump's recent Middle East trip and underscores the necessity for reforms to improve transparency in stock trading for lawmakers, igniting a conversation about accountability in government.
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SALT Negotiations Begin in Earnest
- Negotiations on SALT cap increases began this week after months of delay, focusing on real numbers and compromise.
- The key challenge is accommodating high property and income taxes in districts like mine, far beyond set caps.
SALT Cap as a Savings Tool
- Agreeing on a SALT cap actually provides a deficit savings since the current cap expires at year's end.
- Multiple levers in the tax code are under discussion to offset costs of raising SALT limits.
Moderates Key for GOP Majority
- Moderate Republicans like me are crucial to maintaining the GOP majority in the House.
- Our districts have different needs than safer seats, requiring compromise to keep the majority.