SOUND THE ALARM ABOUT THE SALT DEDUCTION CAP; Congressional Record Vol. 165, No. 195
(House of Representatives - December 06, 2019)

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              SOUND THE ALARM ABOUT THE SALT DEDUCTION CAP

  (Mr. GOTTHEIMER asked and was given permission to address the House 
for 1 minute.)
  Mr. GOTTHEIMER. Mr. Speaker, I rise today to sound the alarm about an 
issue that is badly impacting my constituents in the Fifth District of 
New Jersey every single day: the cap on the State and local tax 
deduction, which led to a major tax hike on my district imposed by the 
``moocher States.''
  Right now, as congressional leadership considers year-end legislation 
in these last days of the year, why would they not fix the biggest tax 
problem of them all: the State and local tax deduction?
  It is time to end double taxation.
  I released this report last week on the impact of the SALT cap on the 
Garden State. It is clear, taxes in north Jersey are through the roof. 
People are leaving the State in droves, and our home values are 
plummeting because of the end of the State and local tax deduction.
  It is time to end that cap, and I am calling on Congress--Democrats 
and Republicans--to come together, to reinstate the SALT deduction this 
year and give a real tax cut to north Jersey.
  This Congress, I introduced bipartisan legislation to fully reinstate 
SALT, and I helped lead not one, but two bipartisan resolutions 
overturning the harmful Treasury regulations that kept us from 
deducting charitable contributions on our Federal taxes.
  We have to fix this and reinstate SALT this year and cut taxes for 
New Jersey families, first responders, and small businesses that are 
the backbone of our community. We simply can't afford to delay and prop 
up the moocher States anymore.

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