Dear Editor,
Regarding Evan Triantafilidis’ article about restoring the state and local tax deduction, I disagree with efforts by congressmen Tom Suozzi and Gregory Meeks to
end the $10,000 cap the deductions on federal income tax returns that was set in 2017 as part of the tax code overhaul.
Congresswomen Alexandria Ocasio-Cortez says ending the cap is a “gift to billionaires” that will increase income inequality.
Many of those billionaires live in Silicon Valley and are represented in Congress by Speaker Nancy Pelosi, who wants to raise the cap because it will benefit them and her.
She has a personal net worth of $120 million. Don’t reward one-percenters while screwing average taxpayers.
Sincerely,
Richard Reif
Kew Gardens Hills