The proposed $1.9 trillion infrastructure package working its way through Congress should include a repeal of the $10,000 cap on state and local tax deductions, Gov. Andrew Cuomo on Monday said.
Cuomo at a news conference in New York City pointed to the new $212 billion state budget that will include a continuous phase-in of tax rate reductions for middle-income earners and a property tax credit.
But the budget also increases taxes on those making more than $1 million a year as well as on corporations. But repealing the cap, Cuomo has said, would essentially lead to a tax cut for those earners.
The $10,000 cap, part of a 2017 package of tax actions under President Donald Trump, impacts high tax states like New York.
Cuomo has long called for a repeal of the provision, known as the SALT cap.
"They all promised to repeal SALT," Cuomo said. "They have not repealed SALT and they must. There's another big federal package being proposed. They must repeal SALT."
A full repeal would have a $12.3 billion impact on the state's taxpayers.
Rep. Tom Suozzi this month in a letter signed by multiple members of the state's House delegation pledged to oppose any tax-related legislation that does not include a repeal of the measure.