Mikie Sherrill: “On this third day of SALT, my constituents have said to me that they think the holiday season is the perfect time to…”

“On this third day of SALT, my constituents have said to me that they think the holiday season is the perfect time to eliminate the SALT marriage penalty. The 2017 tax law violated more than 100 years of Federal tax policy, capping the State and local tax deduction at $10,000. That means married couples filing jointly are constrained to the same $10,000 level that applies to individual filers. This penalizes tens of thousands of couples in my district. In Morris County alone, there were more than 52,000 middle-class joint filers in 2016, and well over half were above the $10,000 cap. They are now likely subject to a marriage penalty simply for filing their taxes jointly. I am a member of the SALT task force, and my bipartisan bill, the SALT Relief and Marriage Penalty Elimination Act, should be the basis for righting this wrong done to families. It will raise the SALT deduction across the board and restore incentives for charitable giving and homeownership. ____________________”