Sens. Menendez, Booker Introduce Bill to Repeal SALT Cap, Help Middle Class NJ Families
January 29, 2021
January 29, 2021
WASHINGTON, Jan. 29 -- Sen. Robert Menendez, D-New Jersey, issued the following news release on Jan. 28, 2021:
U.S. Senators Bob Menendez, a senior member of the Senate Finance Committee that sets federal tax policy, and Cory Booker (both D-N.J.) today introduced the Securing Access to Lower Taxes by ensuring Deductibility Act or "SALT Deductibility Act" that would repeal the $10,000 federal cap on state and local tax (SALT) deductions. The cap, imposed by the Trump Tax La . . .
U.S. Senators Bob Menendez, a senior member of the Senate Finance Committee that sets federal tax policy, and Cory Booker (both D-N.J.) today introduced the Securing Access to Lower Taxes by ensuring Deductibility Act or "SALT Deductibility Act" that would repeal the $10,000 federal cap on state and local tax (SALT) deductions. The cap, imposed by the Trump Tax La . . .