I can tell you, you know, I live in a 2,000 square foot home on a quarter acre of land and I pay over $15,000 in property taxes right off the gate before you even get to state income taxes. So The $10,000 cap really had a negative impact on states like New York. We've seen a mass exodus in large part because of the cost of living. And, you know, putting the $10,000 cap on salt had a significant impact. (02:15–02:22)
CLAIM
Asserts that the $10,000 SALT cap negatively impacted states like New York.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
