RELEASE: Gottheimer Amendment Passes Committee Requiring SALT Testimony by Secretary of Housing & Urban Development

Mar 01, 2024

HUD in unique position to discuss SALT cap impacts on homeownership

Above: Gottheimer introducing the amendment in the Financial Services Committee.

WASHINGTON, D.C. — Yesterday, February 29, 2024, U.S. Congressman Josh Gottheimer’s amendment passed in the Financial Services Committee requiring the Secretary of Housing and Urban Development to testify on the impacts of the SALT cap on homeownership in New Jersey and across the nation.

Video of Gottheimer’s remarks introducing the amendment can be found here.

“The SALT deduction is the only deduction in the tax code that allows homeowners to deduct their property taxes and is essential for making life more affordable. It also helped encourage and preserve homeownership for lower-and middle-income homeowners, especially our seniors who are often on fixed budgets, said Congressman Josh Gottheimer (NJ-5). “Homeownership has long been a cornerstone of the American Dream. HUD’s mission is to create strong, sustainable, inclusive communities, and quality affordable homes for all. Assessing and testifying about the impacts that the SALT cap has had on the American residential housing market is well within that mission.”

Last month, Gottheimer questioned U.S. Treasury Secretary Janet Yellen during a House Financial Services Committee hearing about the disproportionate impact SALT has on hardworking Jersey families. 


Recent Posts

Apr 18, 2024

RELEASE: Gottheimer Remembers Jersey Firefighter and Labor Leader Bobby Allen on House Floor

WASHINGTON, DC — Today, April 18, 2024, U.S. Congressman Josh Gottheimer (NJ-5) honored and memorialized the life of Robert “Bobby” Allen, a Paterson firefighter and New Jersey labor leader, in a floor speech.  Video of Congressman Gottheimer’s floor speech can be found here. Bobby began his career with the Paterson Fire Department in 1992, serving as a […]

Apr 16, 2024

RELEASE: House Passes Gottheimer-led Bipartisan Resolution Condemning Antisemitic “From the River to the Sea” Chants

WASHINGTON, DC — Today, Tuesday, April 16, 2024, U.S. Congressman Josh Gottheimer (NJ-5), Congressman Anthony D’Esposito (NY-4), and Congressman Jared Moskowitz (FL-23) led a bipartisan resolution that successfully passed the House. The resolution, H.R. 883, condemns the chant “From the River to the Sea, Palestine Will be Free” as antisemitic. The resolution passed the House by a […]

Apr 16, 2024

RELEASE: House Passes Gottheimer-led Bipartisan Legislation Prohibiting China from Purchasing Iranian Petroleum Products

Above: Gottheimer on the House floor. WASHINGTON, DC — Today, Monday, April 15, 2024, U.S. Congressman Josh Gottheimer (NJ-5), urged his colleagues to vote for the Iran-China Energy Sanctions Act — bipartisan legislation he is leading with his Problem Solvers Caucus colleague, Rep. Mike Lawler (NY-17). This legislation, which unanimously passed the House Financial Services Committee, expands sanctions […]