[Congressional Record Volume 165, Number 196 (Monday, December 9, 2019)]
[House]
[Pages H9382-H9383]
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 this fourth day of SALT, my
constituents have said to me that the SALT cap has impacted their
ability to engage in charitable giving.
Capping SALT deductions will substantially reduce the number of
itemizers and, therefore, will reduce the number of households that
will benefit from the tax incentive for charitable giving.
The Tax Policy Center estimates that only 8 percent of all households
will take the charitable gift deduction in 2018, compared to 21 percent
in 2017.
While people give generously to charities for many reasons, studies
clearly show a positive relationship between the existence of a tax
incentive and the amount donated.
The reductions in giving that will result from this bill will be
devastating to charities and to the people, communities, and causes
that depend on them.
New Jersey's charities and nonprofit organizations provide critical
services to our community that range from providing support services to
individuals suffering from addiction to providing shelter for battered
women and their children and providing disaster relief.
Additionally, New Jersey charities employ almost 10 percent of the
State's private workforce.
The programs, services, and economic benefits provided by nonprofits
are critical factors in making New Jersey an attractive place to live,
work, or start a business. The SALT cap puts all of this at risk.
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