LaLota Delivers $5,000+ SALT Relief, Cuts Middle-Class Taxes, Protects Social Security, and Strengthens Long Island’s Economy

This press release from Representative Nick LaLota (R-NY) was published on Wed Jul 02 and titled "LaLota Delivers $5,000+ SALT Relief, Cuts Middle-Class Taxes, Protects Social Security, and Strengthens Long Island’s Ec". It focuses on healthcare and touches on the economy, taxes.

LaLota Delivers $5,000+ SALT Relief, Cuts Middle-Class Taxes, Protects Social Security, and Strengthens Long Island’s Economy LaLota Delivers $5,000+ SALT Relief, Cuts Middle-Class Taxes, Protects Social Security, and Strengthens Long Island’s Economy Lauren.Lembo@m… Thu, 07/03/2025 - 16:40 Image LaLota Helps Pass Congressional Republicans’ Budget Bill Delivers $5,000+ SALT Relief, Cuts Middle-Class Taxes, Protects Social Security, and Strengthens Long Island’s Economy WASHINGTON, D.C. — Congressman Nick LaLota (R–Suffolk County) released the following statement after voting to pass H.R. 1 – the One Big, Beautiful Bill Act , a sweeping legislative package that delivers the most significant tax relief for the middle class in a generation, includes historic investments in national security and workforce development, and provides direct financial relief to Long Island families. “It’s official—Congressional Republicans’ signature budget bill passed the House and is heading to President Trump’s desk,” said LaLota. “This bill quadruples the SALT cap for five years, boosts the Child Tax Credit, eliminates taxes on tips and overtime, and delivers the biggest middle-class tax cut in decades. Just the SALT provision alone means that a Long Island family earning $250,000 and paying $18,000 in property taxes will get $5,000 more back when they file their 2025 taxes—real relief I fought tooth and nail to deliver.” A taxpayer can calculate his or her gain under the new SALT cap here. “This is a pro-worker, pro-family, pro-growth bill. It avoids the $1,700 Biden tax hike that would have taken the equivalent of eight weeks of groceries from many households. Instead, it expands 529 education savings, creates newborn savings accounts, and protects Social Security and Medicare—while finally ending the provider tax scam that let states game Medicaid. Taxpayers deserve transparency, not gimmicks,” LaLota added. “Raising the SALT cap was the toughest legislative fight of my time in Congress. Some on the right called it a ‘blue state bailout.’ Many on the left dismissed it as welfare for the wealthy and refused to fix it—despite years of empty rhetoric. But despite opposition from 213 Members and 53 Senators, I didn’t blink. The SALT cap is now $40,000. That’s a hard-earned win for Long Island families,” said LaLota. Background What’s in the One Big, Beautiful Bill. The legislation delivers direct, measurable benefits to Suffolk County and middle-class families across the country. State and Local Tax (SALT) Deduction Relief. Raises the SALT deduction cap to $40,000 for five years for households earning under $500,000, indexed to inflation. For many Long Island families, this restores nearly all the tax relief lost in 2017. Direct Tax Relief for Working Families. Eliminates taxes on tips, overtime, and car loan interest—putting more money back into workers’ paychecks. Prevents the $1,700 tax hike previously projected under the Biden administration. Pro-Family Provisions. Increases the Child Tax Credit to $2,200, expands 529 accounts to cover apprenticeships and job training, and establishes childcare and newborn savings accounts. Alternative Minimum Tax (AMT) and PTET Fixes. Permanently raises the AMT exemption and phase-out thresholds to prevent surprise tax hikes for upper-middle-income families. Fixes the Pass-Through Entity Tax (PTET) to help small businesses grow and reinvest locally. Deficit Reduction Without Touching Social Security or Medicare. Closes the Medicaid provider tax loop