NJ Spotlight News

Business Report: No SALT relief in new federal spending bill

Clip: 07/29/2022 | 3m 7s | Video has closed captioning.

Congress moved quickly this week to approve a bill designed to ease supply chain shortages for semiconductors, by supporting incentives for domestic chip manufacturing. But a new spending bill — addressing climate change, health care and inflation — is on a bumpier path. The bill does not include a proposal to raise or eliminate the cap on state and local tax deductions, or SALT.

Aired: 07/29/22

Rating: NR

Problems Playing Video? | Closed Captioning

NJ Spotlight News is a local public television program presented by THIRTEEN.