U.S. House Representative Josh Gottheimer (D-N.J.), joined by other House members, announces the SALT Caucus for the 118th Congress at 3:45 p.m. ET on Feb. 8. The SALT Caucus was established to advocate for a repeal of the cap placed on the State and Local Tax (SALT) deduction which was passed in the 2017 Republican…
LIVE 3:45 PM ET: Josh Gottheimer and Others Congressional Members Announce the SALT Caucus for the 118th Congress
Josh Gottheimer and Others Congressional Members Announce the SALT Caucus for the 118th Congress
U.S. House Representative Josh Gottheimer (D-N.J.), joined by other House members, announces the SALT Caucus for the 118th Congress at 3:45 p.m. ET on Feb. 8. The SALT Caucus was established to advocate for a repeal of the cap placed on the State and Local Tax (SALT) deduction which was passed in the 2017 Republican…
Repealing Trump’s SALT Cap Deemed Unpopular as It Benefits Rich
WASHINGTON—A bipartisan group of lawmakers is pushing to eliminate the cap on federal tax deductions for state and local taxes (SALT) but many argue that such a move would massively favor the rich. For decades, the ability to deduct SALT has been an important tax break for taxpayers who itemize deductions on their federal income tax returns. The 2017 Tax Cuts and Jobs Act…
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