Sherrill, New Jersey Congressional Delegation Continue Their Fight to Repeal the Cap on SALT Deduction, Oppose Reconciliation Unless SALT Deduction Restored
Englewood, NJ — Today, Representative Mikie Sherrill (NJ-11) joined colleagues from the New Jersey congressional delegation Representatives Bill Pascrell, Jr. (NJ-9), Josh Gottheimer (NJ-5), and Tom Malinowski (NJ-7) for a press conference as part of their advocacy for a full repeal of the unfair cap on the State and Local Tax (SALT) deduction in the upcoming budget reconciliation package. They made clear they will vote no on reconciliation unless the SALT deduction is fully restored. Repealing the cap on the SALT deduction would keep more dollars in the pockets of hardworking New Jersey families, teachers, first responders, and seniors.
Before the SALT deduction was capped in the disastrous 2017 Republican tax bill, 54 percent of NJ-11 families took the deduction.
The four Members were joined in Englewood today by homeowners who have been negatively impacted by the cap on the SALT deduction.
“I’m proud to stand alongside my colleagues today and make it clear that we’re fighting for SALT relief for New Jersey families,” said Rep. Mikie Sherrill. “This is an issue that impacts teachers, firefighters, first responders, and families in my district. Since my first day in office, it has been a top priority of mine to repeal the SALT deduction cap and provide the relief from this double taxation that families across my district need. After years of fighting that fight, we finally have an opportunity to deliver. Repealing the SALT deduction cap is a must-do and it is clear that there’s no pathway forward on the Build Back Better Act without it.”
“Despite Republicans’ lies, SALT is all about the middle class,” said Rep. Pascrell. “But what is middle class and middle income in Oklahoma or South Dakota or Wyoming isn’t the same in New Jersey where we face much higher costs of living. Paraphrasing Rodney Dangerfield, New Jersey gets no respect with these SALT lies. There is no Build Back Better and no rebuilt America without a restored SALT deduction. Any legislation we approve in the full House must include it. Period.”
“If we reinstate the SALT deduction, nearly a third of New Jersey residents — almost three million people — would get tax relief,” said Rep. Gottheimer. “That’s why we’re calling for action, and working in Congress, to ensure the SALT deduction is reinstated. We will only vote for a reconciliation package on the house floor that reinstates SALT. This is about getting more money back into the pockets of Jersey’s middle class families and stopping double taxation that only benefits Moocher states – which is why we are standing firm. No SALT, no dice.”
“Any budget reconciliation bill that is going to raise the top individual tax rate for my constituents must also address the SALT deduction,” said Rep. Malinowski. “This legislation is an incredible opportunity to restore tax fairness for states like New Jersey, and I stand with my colleagues in demanding real relief for middle-class Americans.”
Watch the full press conference here.