They are not SALT-y.
His two House Democrats in New Jersey said over the weekend they would support the large spending plan that passed the Senate over the weekend. A bill to remove the cap on state and local tax (SALT) deductions.
Statements by Rep. Mickey Sherrill and Rep. Josh Gottheimer show a $740 billion so-called inflation cut bill has passed the House and will head to President Biden's desk later this week .
"Bills are paid in full and partly contain clauses that cheat the tax code. They also help pay off debt — a financially responsible way to keep inflation down." 'Gottheimer said after Vice President Kamala Harris tied the vote in the Senate.
“My line in the sand remains the same when it comes to salt. "This law will not raise taxes for my family in my district. It will ease the financial burden on my family. Why? I vote for it because it strongly supports lower drug prices and job creation."
Cheryl also expressed a commitment to reforming SALT, He said: he votes for it
SALT deduction of $10,000 as part of former President Donald Trump's tax reform plan in 2017 and hit high-income residents. -Tax states such as New York and New Jersey.
Late last year, both Sherrill and Gottheimer, along with Democratic Long Island Rep. Tom Suoji, advocated raising the cap on President Biden's multi-trillion dollar "build better" package. , Suoji accepted the mantra.: "No salt, no deal."
Suozzi's office did not immediately respond to The Post's request for comment.
Although Sherrill and Gottheimer argued that the law did not raise taxes on individuals,earlier versions of the bill by the Joint Commission on Taxation analysis found that taxes will spike by $16.7 billion for American taxpayers making less than $200,000 a year in 2023, and an additional 141 for those making between $200,000 and $500,000 a year. billion dollars.
$369 billion on environmental programs, including tax credits for home buyers and rebates for low-income Americans to install renewable energy sources in their homes.
The law also includes provisions that allow Medicare to directly negotiate the price of certain drugs and limits out-of-pocket costs to $2,000 annually. The bill also extends expiring Affordable Care Act subsidies through 2025, allowing people with incomes up to 150% of her federal poverty level to get free health insurance. .
The $35 monthly cap that private insurers can charge for insulin has not survived the lama vote over the hours leading up to the final vote, fell. Three votes short of the 60 votes required for legislation.
The House of Commons is scheduled to reconvene on Friday to debate and vote on the bill. All 210 Republicans in the House are expected to vote against the bill.
