Bloomberg Talks Rep. Malliotakis Talks SALT Debate
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Jan 13, 2025 
Nicole Malliotakis, the Republican Representative for New York’s 11th District, dives into her recent meeting with President-elect Trump about enhancing state and local tax deductions. She discusses tax relief for middle-class families in high-tax states and strategies for innovative tax solutions amidst the SALT debate. The conversation also touches on the interplay of fiscal legislation with border security, highlighting the need for bipartisan efforts. Additionally, she shares insights on immigration enforcement's effects on communities and offers personal finance tips.
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SALT Deduction Targets Middle Class
- Rep. Malliotakis believes the SALT deduction increase should benefit middle-class families.
- She suggests a range between $20,000 and $60,000, rather than the higher end of $100,000.
Incentivizing State Tax Reform
- Congresswoman Malliotakis proposes increasing the SALT deduction if states freeze or lower tax rates.
- She suggests limiting the property tax portion of the deduction to primary residences to target those most in need.
One Bill Strategy
- Rep. Malliotakis favors a single bill approach for tax cuts and border security.
- She believes combining these issues will ensure necessary Republican support and prevent tax increases.