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2023-03-08 19:07:58

Menendez Questions Impact that SALT Cap has on Housing Affordability for Working Families

WASHINGTON, D.C.   – U.S. Senator Bob Menendez (D-N.J.), a senior member of the Senate   Finance Committee, questioned witnesses yesterday during a hearing entitled, 'Tax Policy's Role in Increasing Affordable Housing Supply for Working Families' about the impact   the $10,000 state and local tax (SALT)   cap has on middleclass families.   'The 2017 Republican Tax Law gutted this essential deduction, not for large corporations, but for families—forcing them to be double-taxed and punishing states with progressive tax codes that choose to invest in their communities,'   said Sen.

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