SARATOGA & CAPITAL REGION HOMEOWNERS IN TAX JEOPARDY AS NEWLY CONFIRMED U.S. TREASURY SECRETARY SUGGESTS REDUCTION IN MORTGAGE INTEREST AND STATE & LOCAL PROPERTY TAX DEDUCTIONS; WOULD HIT CAP REGION PARTICULARLY HARD; SENATOR PLEDGES TO USE NEW ROLE TO FIGHT ANY EFFORTS THAT WOULD PICK THE POCKETS OF ALREADY-STRAPPED TAXPAYERS & HOMEOWNERS

Standing with Saratoga County homeowners and amidst rising local anxiety, today U.S. Senate Minority Leader Charles E. Schumer launched a push to preserve popular, but increasingly at-risk tax deductions Saratoga homeowners and taxpayers depend upon to keep the Capital Region’s cost of living in-check. Whether new Saratoga homeowners, longtime owners, or those looking to buy right now, Schumer said locals are in tax jeopardy as newly-confirmed U.S. Treasury Secretary Mnuchin has suggested threats to mortgage, state and local property tax deductions.