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Gottheimer Helps Unveil New Bipartisan Legislation to Fully Restore the SALT Deduction, Provide New Jersey Families a Tax Cut
By JAMES ADAMS
Credits: Provided
January 31, 2021 at 3:43 PM
WASHINGTON, D.C. Today, U.S. Congressman Josh Gottheimer (NJ-5) joined a bipartisan group of six other Members in the House to introduce the SALT Deductibility Act, a bipartisan bill to fully restore the full State and Local Tax (SALT) deduction. The proposal would allow taxpayers to fully deduct their state and local taxes on their federal income returns, end double taxation, and give families in Northern New Jersey a tax cut. In 2017, the deduction was gutted and capped at $10,000 by the Moocher States and resulted in a tax hike for many middle-class families.