Part 1/6:

Congressman Mike Lawler on Tax Policy and SALT Cap Negotiations

In a recent discussion with Maria Bartiromo, Congressman Mike Lawler, a Republican from New York, shared insights about the ongoing debate regarding the State and Local Tax (SALT) cap and the implications for taxpayers in high-tax states like New York and California.

The Importance of the SALT Cap

Lawler emphasized that New York and California, despite facing criticism for their leadership, are significant contributors to the federal tax system. He pointed out that New York is one of the highest donor states to the federal government, sending far more in taxes than it receives in return. Lawler argued that rather than being subsidized by "red states," New Yorkers are essentially helping to fund the federal government.