Political Quotes

“I am proud to be rising today alongside so many of my colleagues to declare loudly that the time has come to finally address the State and local tax deduction cap for families that have been slapped with this double tax for 4 long years. In States like New Jersey, we pride ourselves on making the investments necessary to sustain our top-tier public schools, invest in infrastructure and open spaces, and support a prevailing wage for our unions. That is why people move to my State. That is why families stay for generations. But when the SALT deduction cap imposed by the 2017 Trump tax bill instituted, our ability to keep making those key investments was threatened. The SALT deduction cap affects residents in every corner of my district. It impacts families made up of teachers, first responders, and public servants. For my constituents and millions of taxpayers throughout the country, the bottom line is you don't have to be a millionaire to be impacted by SALT. The simple fact is that it has imposed a harmful double tax and has created one of the largest marriage penalties in the Federal tax code. With the SALT cap in place, States and localities face increased pressure to cut back on important investments in priorities like education, prevailing wages, infrastructure, environmental protections, and services for seniors. Those investments became harder to make when the Federal Government decided to tax New Jersey families twice.…”