Hudson Valley homeowners impacted by increase of SALT deduction cap
Local leaders, along with Rep. Mike Lawler, gathered to highlight the impact of increasing the state and local tax (SALT) deduction cap to $40,000.
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An event aimed at celebrating the passage of legislation increasing the SALT cap turned into a disruptive scene in Yorktown.
It happened Friday morning at Yorktown Town Hall.
Local leaders, along with Rep. Mike Lawler, gathered to highlight the impact of increasing the state and local tax (SALT) deduction cap to $40,000.
During the event, a couple dozen protesters showed up with signs, and at times interrupted the speakers - including Lawler.
They tell News 12 that they were protesting against Lawler and President Donald Trump's "big beautiful bill" that recently passed.
The press conference was aimed at celebrating the tax relief that is being applauded by many.
"I was seeing my money go away, now with this tax deduction, this $40,000 SALT cap, I'll be able to deduct again. Even if I break even, that will be fine," says Jay, who lives in Yorktown.
Passed earlier this summer, the legislation raises the SALT deduction cap for households making less than $500,000.
"Every single homeowner in this community will see a benefit and over 90% will be able to fully deduct their state and local taxes come next year," says Rep. Lawler.
Local leaders, homeowners and realtors say this will be beneficial, especially for first time home buyers.
"We saw a quite bit of people leave or not purchase in Westchester County or in New York, specifically because of taxes. We lost or had attrition into Connecticut - that will slow this down," says Crystal Hawkins Syska, who is with the Hudson Gateway Association of Realtors.
