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North Middlesex Times

Sunday, May 19, 2024

Menendez Highlights Importance of SALT Deductions in Reducing the Racial Wealth Gap

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Senator Bob Menendez

Senator Bob Menendez

A tireless advocate for the middle class, Senator Bob Menendez recently highlighted the need for the repeal of the State and Local Tax (SALT) deduction cap to reduce the racial wealth gap. The SALT deduction cap was set at $10,000 per homeowner through legislation advanced by the Republican-controlled Congress in December 2017.

Original source can be found here.

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