STATEMENT: Gottheimer Statement on Inflation Reduction Act

Aug 07, 2022
Press

WASHINGTON, D.C. — Today, August 7, 2022, U.S. Congressman Josh Gottheimer (NJ-5), released the following statement: 

“After careful review, it is clear that the Inflation Reduction Act is good for the families and small businesses in northern New Jersey. This bill passes my key test that I’ve pushed for since day one: it does not raise taxes on individuals, families, or small businesses in my District. The Inflation Reduction Act makes no changes to personal income tax rates or those impacting small businesses. That has always been my red line, and it is the key to delivering affordability for our families. In fact, it cuts costs and represents a projected tax cut of more than $550 million for my District — more than $2,000 for every family. 

This legislation is a huge win for New Jersey — it will lower prescription drug prices, especially for seniors, boost domestic manufacturing, provide support for families struggling with the high cost of health insurance, create jobs, and put in place the most important climate investments in our nation’s history. 

The bill is fully paid for, in part, with provisions that go after tax cheats. It will also help pay down the debt — a fiscally-responsible way to get inflation down.

As for SALT, my line in the sand remains the same. If someone tries to change the tax rates on families in my District, I will insist that we restore the State and Local Tax Deduction. This legislation doesn’t raise taxes on families in my District — it reduces the financial burden on them. For that reason, and for its strong support of the climate, lower prescription drug prices, and job creation, I’ll be voting for it.”

###

Recent Posts


Jul 15, 2024
Press

RELEASE: Gottheimer Hosts Fifth District “Hometown Heroes” Awards

Above: Gottheimer with Hometown Hero Dr. Stephen Angeli, a cardiologist at Holy Name Medical Center, and Gina Hewlett, mother of Kyle Hewlett and a CPR advocate. FORT LEE, NJ — Today, Monday, July 15, 2024, following the Pennsylvania assassination attempt, U.S. Congressman Josh Gottheimer (NJ-5) called for unity and honored unsung, local life-saving first responders, […]



Jul 12, 2024
Press

RELEASE: Gottheimer Statement on Turkish President Erdoğan

WASHINGTON, DC — Today, Friday, July 12, 2024, U.S. Congressman Josh Gottheimer (NJ-5), a member of the House Permanent Select Committee on Intelligence, released the following statement: “President Erdoğan continues to offer dangerous support to Hamas — an Iranian-backed terrorist organization — while using every opportunity to delegitimize the State of Israel. Following the heinous terrorist […]



Jul 9, 2024
Press

RELEASE: Gottheimer Questions U.S. Secretary of Treasury Yellen

Above: Gottheimer questioning U.S. Secretary of Treasury Yellen. WASHINGTON, DC, — Today, July 9, 2024, during a House Committee on Financial Services hearing, U.S. Congressman Josh Gottheimer (NJ-5) questioned U.S. Secretary of Treasury Janet Yellen on rising childcare costs, the ongoing effort to sanction Iranian officials, and reduce the risk of potential Iranian-funded acts of terror […]