[Congressional Record Volume 167, Number 85 (Monday, May 17, 2021)]
[House]
[Page H2406]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
REPEAL THE STATE AND LOCAL TAX SALT CAP
(Ms. SHERRILL asked and was given permission to address the House for
1 minute.)
Ms. SHERRILL. Madam Speaker, I rise on tax day. Teachers, cops,
single moms, seniors, veterans, middle-class Americans--I am here to
speak for all of them today, to be their voice in the fight against a
tax provision that punishes States like New Jersey for investing in its
residents.
In States like mine, our State taxes go toward paying for top-tier
public schools, investing in infrastructure and open spaces, and
supporting a prevailing wage for our unions. That is why people move
here. That is why families stay for generations.
But without the ability to deduct State and local taxes, calling New
Jersey home is becoming less and less viable for our middle-class
residents.
Seniors are rethinking retiring in New Jersey; married couples are
rethinking starting a family in New Jersey; young people are rethinking
moving back to New Jersey after college.
The bottom line is, you don't have to be a millionaire to be impacted
by the SALT cap, and New Jersey families are getting taxed twice.
The time is now to bring relief to everyday middle-class New Jersey
residents who are getting crushed by this cap.
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