Republicans Deny Pascrell Budget Amendment to Retain SALT Deduction

Statement

Today, U.S. Representative Bill Pascrell, Jr. (NJ-09) offered an amendment to retain the state and local tax (SALT) deduction in the Republican budget being considered by the House. His amendment was ruled out of order by the Republican-controlled Rules Committee.

"New Jersey already pays some of the highest property taxes in the country, and eliminating the state and local tax deduction to fund tax breaks for hedge fund managers and corporate CEOs is completely unacceptable. Roughly 40 percent of filers in New Jersey utilize this deduction and it will disproportionately hurt middle class families," said Rep. Pascrell, New Jersey's only member of the House Ways and Means Committee. "This deduction has support from Republicans as well as Democrats, yet the Republican budget allows businesses to claim this deduction while demanding a double tax on what homeowners already pay in property taxes and consumers pay in sales taxes in their local communities."

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