Pass The SALT: LIBOR Joins Bipartisan Press Conference on Federal Tax Reform

LIBOR was invited to speak at a press conference last week hosted by Congressman Nick LaLota (R-Commack, Port Jefferson, East End) on efforts to secure state and local tax (SALT) relief for all homeowners, particularly those within the LIBOR jurisdiction of Queens, Nassau, and most of Suffolk.

Marlo Paventi, LIBOR’s Senior Director of Public Policy & Government Affairs, addressed the crowd alongside several state, county, and town lawmakers and local homeowners, emphasizing the challenges faced by potential homebuyers and homeowners alike:

“As REALTORS®, we are on the ground every day, witnessing firsthand the struggles that potential homebuyers endure…Our role extends beyond just facilitating transactions; we are advocates for our clients and their dreams. We understand the urgency and frustration felt by many, and we are committed to finding solutions that can help turn the tide. That is why we stand firmly in support of measures that incentivize homeownership. One such proposal is a substantial increase in the SALT deduction limit. By alleviating some of the financial burdens on homebuyers, we can help make the dream of homeownership more attainable.”