On the recordFebruary 14, 2024
We have been in this Chamber for a few minutes now, and we have been reminded at least three times with fancy posters and words from my colleagues on the other side of the aisle about how we got here. Clearly, we know how we got here, and that is why we are trying to fix it. We have also heard that, well, we don't want to support this because it is only 1 year, and we have heard offers of 2 years. We just got past the Super Bowl, and I am pretty confident that for every play in football, you don't get to throw a Hail Mary and score a touchdown or run a 90-yard run back into the end zone. Sometimes you need to make your way down the field in order to score that touchdown. That is exactly what we are trying to do here. {time} 1245 My constituents in New York's Fourth Congressional District sent me here to Congress to provide meaningful tax relief to local families, and the SALT Marriage Penalty Elimination Act will do exactly that. This important bill would double the State and local tax deduction for married couples from $10,000 to $20,000 for the 2023 tax year. This would allow middle-class families to receive tax relief when they file this year. The Tax Cuts and Jobs Act wrongly penalized married taxpayers as the $10,000 cap was implemented for single taxpayers as well as married couples who filed jointly. Married couples were further penalized with the establishment of a $5,000 SALT cap if these taxpayers filed separately.…
