[Congressional Record Volume 165, Number 194 (Thursday, December 5, 2019)]
[House]
[Page H9281]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
12 DAYS OF SALT
(Ms. SHERRILL asked and was given permission to address the House for
1 minute and to revise and extend her remarks.)
Ms. SHERRILL. Madam Speaker, on the second day of SALT, my
constituents have said to me that they send more money to Washington
and get back less than almost any other State in the country. The SALT
cap compounds the attack on New Jersey, forcing our residents to send
even more money to Washington without a return on that investment.
For every dollar New Jersey sent to Washington in 2017, we got back
only 82 cents. That puts us in 49th place, almost dead last in State
return on Federal tax dollars. And this was before the Federal
Government stripped the full SALT deduction.
Meanwhile, States like Kentucky got back $2.35 for every dollar they
sent to Washington. That is nearly three times what New Jersey gets.
The 2017 tax bill unfairly targets States like mine that pay more
than their fair share. We fund projects in Kentucky and do not see that
same investment, say, on things like infrastructure, for example, in
our State.
We need to restore the SALT deduction cap and keep money in the
pockets of New Jerseyans so we can continue to power the Nation's
economy.
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