Trump, who enacted a SALT deduction cap, now promises to restore it.

• If reelected, former President Donald Trump pledged to restore SALT.
• The Republican presidential nominee, Trump, signed a law capping state and local tax deductions.
• Kamala Harris has pledged not to increase taxes on Americans earning less than $400,000 annually, but she has not indicated whether she will maintain the Trump-era tax cuts.

On Tuesday, former President Donald Trump pledged to restore the SALT deduction if he is reelected, indicating that he would repeal the cap on state and local tax deductions that he signed into law in 2017.

In a Truth Social post aimed at winning over New York voters, Trump, the Republican presidential candidate, pledged to support them in the upcoming election against Democratic Vice President Kamala Harris on November 5th.

Trump argued that crime, immigration, and inflation have harmed New York residents, stating that the state has a chance of winning for the first time in many decades.

I will turn it around, get SALT back, lower your taxes, and so much more," he said in the post. "VOTE FOR TRUMP!

In both the 2016 and 2020 elections, Trump lost New York by more than 20 points. Recent polls of the state indicate that Trump is down by double digits against Democratic presidential nominee Kamala Harris.

The Republican's campaign did not provide a direct answer when asked for clarification on Trump's social media post regarding the SALT cap he signed into law.

President Trump's pro-growth, pro-energy policies will make life affordable again, and he will swiftly provide tax relief for working people and seniors, as stated by spokeswoman Karoline Leavitt.

The Trump campaign did not immediately respond to follow-up questions from CNBC.

The 2017 Tax Cuts and Jobs Act, a significant achievement of Trump's presidency, restricted the SALT deduction to $10,000.

The tax bill was funded in part by an increase in the federal revenue generated by the cap.

Blue states, such as New York and Connecticut, are disproportionately affected by the SALT deduction limitations, which have been criticized by Democrats.

While some progressives and tax-policy experts have defended the cap, they argue that repealing it would primarily benefit the wealthy.

The SALT cap and other tax provisions of the 2017 tax law will expire at the end of 2025. Harris has not indicated whether she will attempt to maintain the Trump-era reductions, but she has pledged not to increase taxes on Americans earning less than $400,000 annually.

The Committee for a Responsible Federal Budget claims that removing the SALT cap would result in high costs, distortions, and regressivity.