PASS THE S.A.L.T. — CONGRESSMEN SAY TAX DEAL RIPS OFF NJ

PASS THE S.A.L.T. — CONGRESSMEN SAY TAX DEAL RIPS OFF NJ

New Jersey 101.5

U.S. Senator Bob Menendez and fellow Democrats on Tuesday rolled out legislation to restore a federal deduction that was capped by President Donald Trump's tax cuts in 2017.

...

“The vast majority of those claiming the deduction are middle-class households, especially in New Jersey, and the deduction helps local governments raise revenue for needed projects. In my district alone, 37 percent of taxpayers claim the deduction, to the tune of nearly $19,000 on average. That’s not small change," U.S. Rep. Bill Pascrell Jr., D-N.J. 9th, said Tuesday during a news conference at an accounting firm in Saddle Brook with Menendez, and U.S. Rep. Andy Kim, D-N.J. 3rd.

 ...