Rep. Malliotakis: Staten Islanders will benefit from SALT deduction increase in Trump’s tax bill

UPDATE: House Republicans passed President Donald Trump’s “Big Beautiful Bill” on Thursday by a narrow margin of 218-214, with two Republicans joining all Democrats opposed.

STATEN ISLAND, N.Y. — Rep. Nicole Malliotakis, the champion of the state and local tax deduction boost, gave her stamp of approval on the Senate’s changes proposed in President Donald Trump’s tax reconciliation bill, dubbed by the GOP as the “Big Beautiful Bill.”

Raising state and local tax deductions, or SALT deductions for short, has been a major priority for Malliotakis. She originally petitioned for a permanent cap raise to $30,000.

The cap currently sits at $10,000, but should the bill pass, it will increase to $40,000 a year for five years.

When the bill first left the House of Representatives, that $40,000 cap was legislated to be permanent — $10,000 more than what Malliotakis proposed.

The SALT deduction allows households to deduct what they pay in state and local income and property taxes from the amount of their income that is subject to federal taxes, meaning homeowners with hefty property taxes would have to pay less to the federal government.

“I’m happy that for the next five years, Staten Island residents are going to benefit greatly. They’re going to save thousands of dollars as a result of this. Now, of course, I would have liked it to be for a longer period of time, but five years is sufficient for now,” Malliotakis told the Advance/SILive.com Thursday. “We’ll live to fight another day in a few years.”

Malliotakis said she believed that the $30,000 permanent cap “was better,” but as she stated, “we’ll have to revisit it again.”

The Big Beautiful Bill, at the time of writing, is awaiting final approval in the House of Representatives.