Washington, DC – Today, U.S. Representative Young Kim (CA-40) joined Reps. Andrew Garbarino (NY-02), Josh Gottheimer (NJ-05), Rob Menendez (NJ-08), Chris Smith (NJ-04), Brad Schneider (IL-10), Mike Lawler (NY-17), and Tom Suozzi (NY-03) to cut taxes by introducing the Securing Access to Lower Taxes by ensuring (SALT) Deductibility Act.
This bipartisan bill would provide Californians much-needed tax relief by fully repealing the cap on state and local tax (SALT) deductions.
Rep. Kim serves as co-chair of the bipartisan SALT Caucus and introduced this bill in the 117th and 118th Congresses. She recently visited Mar-a-Lago with SALT Caucus members to meet with President-elect Donald Trump to discuss SALT.
“The cap on SALT deductions unfairly punishes our Southern California communities, who are already burdened enough by high state and local taxes and rising living costs,” said Rep. Kim, SALT Caucus Co-Chair. “Repealing the SALT cap isn’t bailing out blue states – it’s providing relief to middle class families I represent and allowing hardworking American taxpayers to keep more of their hard-earned money. I’ll keep fighting to get this done.”
“Since the SALT deduction cap was implemented, hardworking Americans from states like New York have been suffering from unfair double taxation—all while receiving a fraction of what they contribute in federal funds,” said Rep. Garbarino, SALT Caucus Co-Chair. “Enough is enough. We are calling for a full repeal of the cap that disproportionately impacts middle-class families in our districts.”
“I am pleased to join my bipartisan SALT Caucus Co-Chairs, Andrew Garbarino (R-NY), Young Kim (R-CA), and Josh Gottheimer (D-NJ) to introduce the bipartisan SALT Deductibility Act to reinstate the full SALT Deduction!” said Rep. Suozzi, SALT Caucus Co-Chair. “The SALT cap has been a body blow to my constituents, and I will continue to fight to restore this important deduction.”
“For nearly a decade, New Jerseyans have been disproportionately impacted by the cap on SALT deductions,” said Rep. Menendez. “As we work to combat the rising cost of housing, childcare, and everyday living, it’s vital that we give families and individuals access to every available tool to make life more affordable. I’m grateful to be working on a bipartisan basis to bring real tax relief to New Jerseyans and look forward to getting this across the finish line.”
“The unfair cap on the SALT deduction has hurt families and communities in my district in Illinois for the last 6 years,” said Rep. Schneider. “Capping the SALT deduction has resulted in double taxation by forcing constituents to pay federal tax on money they have already paid to state and local governments. I’m proud to join this bipartisan bill to restore the full deduction and bring much-needed relief to the communities I represent.”
“I’m proud to be introducing bipartisan legislation with Republicans and Democrats from across the country to fix the unfair cap on SALT. We are going to get this done in the 119th Congress, and I’m proud to be partnering with Rep. Garbarino and other colleagues on this important effort,” said Rep. Lawler.
Additional cosponsors of the SALT Deductibility Act include Representatives Sean Casten (IL-06), Eleanor Holmes Norton (DC-At Large), Danny Davis (IL-07), Tom Kean Jr. (NJ-07), Judy Chu (CA-28), Julia Brownley (CA-26), Jerry Nadler (NY-12), Mikie Sherrill (NJ-11), Laura Gillen (NY-04), Jimmy Panetta (CA-19), Pat Ryan (NY-18), Jamie Raskin (MD-08), and Jimmy Gomez (CA-34).
The full text of the legislation can be found here.
