WASHINGTON, DC — Today, Congressman Bill Pascrell (D-NJ), Chairman of the House Ways and Means Subcommittee on Oversight, joined with Congressman Tom Suozzi (D-NY) and Congressman Josh Gottheimer (D-NJ), who yesterday opposed any efforts to alter the tax code unless there is a restoration of the SALT deduction. In a joint statement, the representatives said:
“We say ‘No SALT, no deal.’ The GOP passed an unfair cap of $10,000 on state and local tax (SALT) deductions to pay for their 2017 tax giveaway. Due to the GOP cap, our home states of New York and New Jersey have been crushed and residents have been leaving for other states. This impacts middle and lower income residents in high cost of living states who are left to make up the difference. The SALT cap doesn’t just hurt our taxpayers but our communities too, which face savage cuts to vital public services if relief is not enacted. New York and New Jersey are also the largest net donors to the federal government and annually contribute more than we receive. Therefore, we will not accept any changes to the tax code that do not restore the SALT deduction and put fairness back into the system.”
Original source can be found here.
