‘No better way to lower taxes.’ Rep. Gottheimer fights against SALT cap for NJ families
Rep. Josh Gottheimer is fighting to raise the state and local tax cap, also known as SALT.
During a news conference in Ridgewood on Monday, the congressman spoke about his latest efforts ahead of a House vote this week. He says that he sent a letter to the Ways and Means Committee and another letter directly questioning the United States Treasury secretary.
Gottheimer says that the SALT cap hurts middle-class homeowners living in regions with steep property taxes.
"Ahead of [Tuesday's] snowstorm, Jersey families don't just need salt for their roads. However, they also need more SALT for their pocketbooks. With the tax man coming in April, there would be no better way to lower taxes for Jersey families than to restore the State and Local Tax Deduction. And it starts with a vote this week on legislation in Congress,” Gottheimer said.
A new proposal would effectively double the SALT cap, allowing many married couples filing jointly to deduct up to $20,000 for tax year 2023.