CONGRESS FOR VOTERS

RepublicanBill · H.R. 430· House(119-HR-430)

SALT Deductibility Act

Rep. Garbarino
Age: 42 years
New York
Introduced
1/15/2025
Last activity
1/15/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Andrew Garbarino
Cosponsors
Republican - 4Democrat - 21
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "Securing Access to Lower Taxes by ensuring Deductibility Act" or the "SALT Deductibility Act," aims to change the Internal Revenue Code of 1986. It specifically seeks to repeal the current limitation on the deduction for certain taxes. This includes state and local property and income taxes. The changes would take effect for taxable years beginning after December 31, 2024.

Yes· 3 of 5

  • Would high-income households be better off under this?+6

    The bill benefits high earners who frequently itemize deductions for large state and local tax payments.

  • Would middle-income households be better off under this?+5

    The bill provides relief by allowing full deductions for state and local taxes which benefits many middle-income households.

  • Does this cut taxes for middle-income families?+5

    The bill allows taxpayers to deduct state and local taxes without the current cap, which lowers the effective tax burden for many middle-income families.

The opposite

  • Does this reduce what the federal government spends?-3

    Reducing tax deductions decreases federal revenue, which may necessitate higher government spending or increased debt.