Washington, DC—Below is a statement by Tom Cochran, CEO and Executive Director of the United States Conference of Mayors, in support of the SALT Deductibility Act:

“On behalf of the nation’s mayors, I want to express our strong support for the Securing Access to Lower Taxes by Ensuring Deductibility Act (SALT Deductibility Act). This bipartisan proposal would repeal the $10,000 cap on federal income tax deductions for state and local taxes. Before the enactment of the cap in the 2017 Tax Cuts and Jobs Act, all state and local taxes were deductible, which recognized the autonomy of state and local tax systems and helped taxpayers avoid double taxation. Since its enactment, the cap has been harmful to moderate-income taxpayers in many states. And, during a time when the COVID-19 pandemic has imposed enormous hardship on state and local budgets, it is further undermining the ability of state and local governments to raise the revenue they need to support critical public services.”