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Trustee Archive
Our current tax code permits a deduction for real estate taxes - also known as a property tax. In 2017, the Trump administration passed a $1.9 trillion tax reduction bill, 86% of which benefitted corporations and the wealthy. This legislation capped federal deductions for state and local real estate and income taxes (SALT) at $10,000 a year and also eliminated some mortgage interest deductions. Advocates say this adversely affected homeowners in high cost-of-living areas where property taxes are much higher than other geographical regions.
Pending Legislation: H.R.2555 - SALT Deductibility Act
Sponsor: Rep. Andrew Garbarino (NY)
Status: House Committee on Ways and Means
Chair: Rep. Jason Smith (MO)
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- I oppose reforming current property tax deduction policy and wish to donate resources to the campaign committee of Speaker Mike Johnson (LA).
- I support securing Access to Lower Taxes by ensuring Deductibility Act or the SALT Deductibility Act by repealing the temporary restrictions in taxable years 2018 through 2025 on the deductibility of state and local taxes, and wish to donate resources to the campaign committee of Rep. Jason Smith (MO) and/or to an advocate group currently working with this issue.
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| Winning Option
»» No issues were voted |
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I support securing Access to Lower Taxes by ensuring Deductibility Act or the SALT Deductibility Act by repealing the temporary restrictions in taxable years 2018 through 2025 on the deductibility of state and local taxes, and wish to donate resources to the campaign committee of Rep. Jason Smith (MO) and/or to an advocate group currently working with this issue.
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- Representative
If elected as a trustee, the campaign committee of Rep. Jason Smith (MO) will be unconditionally awarded the funds pledged to this issue along with a letter requesting him to favorably consider passing H.R.2555 - SALT Deductibility Act Prospective.
- Americans for Tax Fairness
If elected as a trustee, Americans for Tax Fairness will be awarded the funds pledged to this issue along with a letter requesting these funds be used to advocate for increasing real estate tax deductions for homeowners.
About: Americans for Tax Fairness is a diverse campaign of more than 420 national, state and local endorsing organizations united in support of a fair tax system that works for all Americans. It has come together based on the belief that the country needs comprehensive, progressive tax reform that results in greater revenue to meet our growing needs. This requires big corporations and the wealthy to pay their fair share in taxes, not to live by their own set of rules.
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- No trustee votes received.
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| Poll Opening Date |
May 06, 2024 |
| Poll Closing Date |
May 12, 2024 |
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