RELEASE: SALT Caucus Co-Chairs, Members Meet & Discuss Fight to Restore State and Local Tax Deduction

Bipartisan caucus aligns on strategy ahead of 2025 tax bill negotiations

Jun 28, 2024
Press

WASHINGTON, DC — The bipartisan SALT Caucus, Co-Chaired by U.S. Representatives Josh Gottheimer (NJ-5), Young Kim (CA-40), Andrew Garbarino (NY-2), and Tom Suozzi (NY-3), held a meeting to discuss new efforts to restore the State and Local Tax (SALT) Deduction. During the Caucus meeting, members aligned on their strategy for fully restoring the SALT deduction ahead of the 2025 expiration of the Tax Cut & Jobs Act (TCJA).

Between 1913 and 2017, taxpayers were able to deduct what they paid in their local property or state taxes before paying their federal taxes — to avoid getting taxed twice on the same income. The SALT deduction, which stopped double taxation, was capped at $10,000 as part of the TCJA.

Last year, the bipartisan SALT caucus was relaunched to coordinate messaging and advocacy surrounding the SALT deduction. Members of the SALT Caucus have passed four bipartisan bills through the House to restore the full SALT deduction, but they have been blocked each time in the Senate.

“I’m glad to be working with my colleagues on both sides of the aisle to fully restore the SALT deduction. In North Jersey, SALT is a middle class issue, and I won’t stop working until we can deliver much needed tax cuts for hardworking Jersey families,” said Congressman Josh Gottheimer (NJ-5). “Over the coming year, the SALT Caucus will work around the clock to bring the SALT deduction back to where it was before 2017 and end double taxation.”

“The SALT cap is detrimental for my constituents who pay some of the highest state and local taxes in the country. As co-chair of the SALT Caucus, ensuring that SALT relief is included in any 2025 tax package is my top priority and one we will continue to work on in a bipartisan manner. The cap amounts to unfair double taxation on hardworking middle-class Americans and cannot be allowed to stand. I look forward to working together with my fellow Caucus members and House leadership to come to a resolution,” said Representative Andrew Garbarino (NY-02).

“Restoring SALT requires that we rebuild a nationwide coalition of Democrats and Republicans, mayors and other state and local officials, teachers and firefighters, realtors and homeowners. People should not be taxed on taxes they already paid,” said Representative Tom Suozzi (NY-3).  

“The SALT cap is unfairly hurting my constituents who already face high state and local taxes, rising living costs, and persistent inflation. Lowering taxes for my constituents is a top priority, which is why I will continue to work with the bipartisan SALT Caucus and House leadership to find a solution as discussions begin for the 2025 tax package,” said Representative Young Kim (CA-40).

###

Recent Posts


Jun 28, 2024
Press

RELEASE: Gottheimer Delivers Speech in Support of LGBTQ+ Equality on the House Floor

Above: Gottheimer delivers a speech in support of LGBTQ+ equality on the House floor. WASHINGTON, DC  — U.S. Congressman Josh Gottheimer (NJ-5) delivered a speech in support of LGBTQ+ equality as part of the Equality Caucus’s Pride Month Special Order. Gottheimer, a member of the Equality Caucus, highlighted his record in Congress advocating for LGBTQ+ rights […]



Jun 26, 2024
Press

RELEASE: Three Gottheimer-Led Amendments Pass in the Homeland Security Package, Strengthening Nonprofit Security Grant Program, and Combatting Auto Theft

Above: Gottheimer advocates for increased Nonprofit Security Grant program funding on the House floor. WASHINGTON, DC — Today, Wednesday, June 26, 2024, U.S. Congressman Josh Gottheimer (NJ-5) helped lead three amendments that passed in the 2025 Department of Homeland Security Appropriations Act. Gottheimer’s amendments in the Homeland Security appropriations package include: The Nonprofit Security Grant Program helps […]



Jun 26, 2024
Press

RELEASE: Gottheimer Holds Women’s Health Telephone Town Hall, Focusing on Reproductive Freedom, Maternal Health, Affordable Childcare, and More

Above: Gottheimer conducts a Women’s Health Telephone Town Hall with North Jersey residents. WASHINGTON, D.C. — Yesterday, June 25, 2024, U.S. Congressman Josh Gottheimer (NJ-5) hosted a Telephone Town Hall focused on women’s health issues with nearly a thousand North Jersey residents. Gottheimer discussed and answered questions on his significant work to make childcare more affordable […]