Canandaigua resident John DeBalso said his state and local tax deduction over the past 20 years averaged $8,500 annually. It was cash he used to help put two kids through college. Now, with a younger child he hopes to help put through college, along with meeting other expenses, DeBalso is joining others in opposing a plan in Washington to repeal or reduce the deductions.
DeBalso is a financial analyst and his wife Colleen is a teacher’s aide in Canandaigua. John talked about what the deduction means during a press conference outside his house on Arlington Park hosted by U.S. Sen Chuck Schumer. The New York Democrat is making a statewide push visiting congressional districts urging House members to oppose repeal or reduction of the state and local tax (SALT) deduction. Schumer said he chose Canandaigua because it sits at the center of two Congressional Districts where GOP Reps. Tom Reed, R-Corning in the 23rd and Chris Collins, R-Clarence in the 27th, carry weight with what happens with the GOP tax plan and looming repeal or reduction of SALT deductions.
In Collins’ district, which includes Canandaigua and much of Ontario County, 29 percent of taxpayers use the deduction and an average deduction is $12,125. In Reed’s district, which includes remaining portions of Ontario County and all of Yates County, 22 percent of taxpayers use the deduction and an average deduction is $11,716.
The calculations comes from the Institute for Taxation and Economic Policy.