NJ-11 Rep. Mikie Sherrill give SALT CAP testimony on 6/25/19 in connection with her bipartisan SALT Relief and Marriage Penalty Elimination Act, H.R. 2624 (endorsed by the American Federation of Teachers and National Association of Realtors}.
In it she referred to the Trump Administration’s arguing that the SALT cap is not a “gun to the head” of states. That may be true. But, as a federal judge pointed out in a hearing just last week, “…it’s a rope to the neck with a gradual squeezing over time.”
H.R. 2624 is one of the most middle-class focused SALT relief bills. Introduced to date, raising the SALT deduction equal to the standard deduction taken by taxpayers: $12,000 for individual filers; $18,000 for Head of Households; and $24,000 for joint filers. These thresholds enable the maximum number of taxpayers to be incentivized to make charitable donations, again.
At parsippanyfocus.com
