Collins Applauds Restoration of SALT Property Tax Deduction
Congressman Chris Collins (NY-27) released the following statement applauding Ways and Means Committee Chairman Kevin Brady’s decision to include a state and local property tax deduction in the House Republican tax reform bill.
"I am pleased that Chairman Brady has agreed to keep the SALT property tax deduction in the new tax reform legislation. It goes to show you that leadership does listen to the concerns we as members point out. Now, New York taxpayers are poised for a big victory when federal tax reform provides them with more money in their pockets and better economic opportunity. It’s time for Andrew Cuomo to follow our lead and deliver comprehensive tax reform when it comes to the state income and property taxes New Yorkers pay."
The Ways and Means Committee is expected to release its tax reform legislation on Wednesday. For more information on the unified framework for fixing our broken tax code, click here.