NY & NJ pols: Bill is worth its SALT

Three House Democrats from New York and New Jersey have said that they’ll support the massive spending plan their party forced through the Senate over the weekend — despite their earlier insistence that any such bill lift the cap on state and local tax (SALT) deductions.

Reps. Tom Suozzi, Mikie Sherrill and Josh Gottheimer insisted that the $740 billion so-called Inflation Reduction Act would not raise taxes on individuals, despite a recent analysis by the Joint Committee on Taxation that found levies would jump by $16.7 billion on American taxpayers making less than $200,000 in 2023, while those who make between $200,000 and $500,000 would have to pay $14.1 billion more.

SALT deductions were limited to $10,000 as part of former President Donald Trump’s tax reform plan in 2017, hurting residents of high-tax states like New York and New Jersey.

Last year, all three lawmakers insisted that President Biden’s Build Back Better package increase the SALT caps, with Suozzi embracing the mantra: “No SALT, no deal.

Suozzi told The Post Monday that he would support the package “because it is good for my constituents, good for America, and great for the environment.”

He said the Inflation Reduction Act “does not increase personal income taxes and ‘No SALT, no deal’ does not apply.”

Gottheimer on Sunday indicated he too would support the bill, but said he would “insist that we restore SALT,” if tax rates in his district changed.

Sherrill expressed similar commitment to reforming SALT, but said the bill had her support as it “does not raise taxes.”