NJ Spotlight News
Business Report: No SALT relief in new federal spending bill
Clip: 7/29/2022 | 3m 7sVideo has Closed Captions
The new spending bill wouldn't raise or eliminate cap on state and local tax deductions
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.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Business Report: No SALT relief in new federal spending bill
Clip: 7/29/2022 | 3m 7sVideo has Closed Captions
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.
Problems playing video? | Closed Captioning Feedback
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