Above: Gottheimer, Suozzi join USA Today for a panel on reinstating the SALT deduction.
WASHINGTON — This week, U.S. Representatives Josh Gottheimer (NJ-5) and Tom Suozzi (NY-3) headlined a USA Today panel to discuss fighting to reinstate the State and Local Tax (SALT) deduction, bring tax relief to middle class families in areas like New Jersey and New York, and to help stop taxpayers from leaving these states.
The USA Today panel was moderated by New Jersey reporter Stacey Barchenger and New York tax columnist David McKay Wilson.
Gottheimer and Suozzi are both founding Co-Chairs of the new bipartisan SALT Caucus.
“For Blue States like the one I help represent, the $10,000 cap on the SALT deduction hit us hard. Northern New Jersey is unfortunately a high-tax, high cost-of-living area, which means the SALT cap increased taxes on scores of middle class families here,” said Congressman Josh Gottheimer (NJ-5). “The SALT cap has led many middle and higher earners to leave our state, draining New Jersey’s tax base and putting in jeopardy the critical social programs, great schools, and government resources our state provides to support lower-income families and communities.”
“Efforts to restore the SALT deduction continue to momentum. Together, Democrats and Republicans – from the halls of Congress to local city governments – are calling for the restoration of the SALT deduction,” said Congressman Tom Suozzi (NY-3). “The cap on the SALT deduction has been a body blow to New York and middle-class families throughout the country. It continues to threaten our social programs, schools, and state resources. At the end of the day, we must fix this injustice.”
Watch the USA Today panel on NorthJersey.com here or on YouTube here.