Gottheimer Calls for Reinstatement of Full SALT Deduction in Next Coronavirus Relief Package
Our families need real tax cuts and economic relief as New Jersey continues to be hit hard by the Coronavirus
GLEN ROCK, NJ – On March 31, 2020, U.S. Congressman Josh Gottheimer (NJ-5) called on Congressional leadership to include reinstatement of the full State and Local Tax (SALT) deduction in any forthcoming coronavirus economic relief package. New Jersey has the second highest caseload in the country, along with New York and other hard-hit SALT states. Reinstating SALT would provide northern New Jersey families with real tax cuts as the state continues to be hit hard by the coronavirus outbreak.
“New Jersey is already an expensive place to live, and, right now, the coronavirus outbreak is hitting us hard — impacting our families, their jobs, their incomes, and local business owners. That’s why I’m calling on Congressional leadership to include in the next coronavirus relief package a full reinstatement of our SALT deduction, to get real tax cuts to help rescue Jersey families from this health and economic crisis,” Congressman Josh Gottheimer (NJ-5) said. “For years now, ever since Jersey got whacked with higher taxes, I’ve been fighting to fully reinstate SALT and finally cut taxes for North Jersey. Our state has the second highest number of coronavirus cases in the country, and with those numbers continuing to rise, our families need real economic relief. That’s what I’m fighting for.”
This Congress, Gottheimer led the introduction of the bipartisan bill, H.R. 4274, to fully reinstate the State and Local Tax deduction. It was similar to bipartisan legislation he introduced last Congress.
Bipartisan legislation to restore the SALT deduction passed the House in late 2019, which Gottheimer co-sponsored, but has been stalled in the Senate.