Sherrill Statement on Movement Towards SALT Relief for NJ Families
WASHINGTON, DC – Today, Rep. Mikie Sherrill released the following statement after the House noticed that SALT relief will be considered on the House Floor:
“Securing SALT relief for New Jersey families from Trump’s disastrous tax bill has been a top priority of mine since I first took office. We passed two bills to provide significant SALT relief to New Jersey families with House Democrats in the majority. After more than a year of working to get Republican Leadership to address this unfair double-taxation, they have committed to taking the initial steps to allow the House to consider the SALT Marriage Penalty Elimination Act this week. I sincerely hope the GOP will vote to undo this Trump-era tax hike.
“This legislation, similar to the very first bill I introduced in Congress and which I led last year with Rep. Lawler, will provide SALT relief to New Jerseyans and end the penalty that married couples face from the deduction cap. I urge Members of Congress from both parties to come together to pass this essential middle class tax relief now.”
In 2017, the GOP’s Tax Cuts and Jobs Act imposed a harmful double tax and one of the largest marriage penalties in the tax code by capping the state and local tax deduction at $10,000/household. According to the Treasury Department, the SALT cap has prevented more than 11 million Americans from deducting over $300 billion in state and local taxes.
Since then, Rep. Sherrill has helped to pass through the House two separate pieces of legislation that would eliminate the SALT cap for the vast majority of New Jersey families through the Restoring Tax Fairness for States and Localities Act and Build Back Better Act. She has also introduced two bills – the SALT Relief and Marriage Penalty Elimination Act and Tax Relief for Middle Class Families Act – that would end the SALT marriage penalty and provide substantial relief to families. She is the only Democrat to be an original co-sponsor of the SALT Marriage Penalty Elimination Act, which is set to be voted on this week. Furthermore, Rep. Sherrill led efforts in both the FY 2023 and FY 2024 Appropriations bills to include language prohibiting the IRS from putting restrictions on SALT relief delivered by state and local governments.
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