NJ Spotlight News
Some say SALT deduction restoration is tax cut for wealthy
Clip: 5/3/2021 | 3m 35sVideo has Closed Captions
As it stands now, the president says restoring the deduction would cost too much.
The state and local tax deduction, previously unlimited, was capped at $10,000 by the Trump administration as a way to help pay for a massive tax cut. It targeted blue states like New Jersey, and since then restoring the deduction has become a rallying cry for Democrats. But some progressives are saying restoring the deduction is a gift to the wealthy.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Some say SALT deduction restoration is tax cut for wealthy
Clip: 5/3/2021 | 3m 35sVideo has Closed Captions
The state and local tax deduction, previously unlimited, was capped at $10,000 by the Trump administration as a way to help pay for a massive tax cut. It targeted blue states like New Jersey, and since then restoring the deduction has become a rallying cry for Democrats. But some progressives are saying restoring the deduction is a gift to the wealthy.
Problems playing video? | Closed Captioning Feedback
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Former Democratic running mates face off in online forum
Video has Closed Captions
Clip: 5/3/2021 | 3m 50s | Assembly members Valerie Vainieri Huttle and Gordon Johnson participate in an online forum (3m 50s)
More jobs than workers: NJ restaurants struggle to hire
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Clip: 5/3/2021 | 3m 45s | NJ restaurants face worker shortage as Gov. Murphy lifts COVID-19 restrictions. (3m 45s)
NJ faces nursing shortage, despite increase in applications
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Clip: 5/3/2021 | 3m 41s | Rutgers School of Nursing has seen a 36% increase in applications. (3m 41s)
There's no sign of NJ's red-hot housing market slowing down
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Clip: 5/3/2021 | 2m 39s | NJ Realtors President-Elect Robert White says low mortgage rates are helping fuel demand. (2m 39s)
Tri-state area to begin lifting most COVID-19 restrictions
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Clip: 5/3/2021 | 1m 40s | Those long-awaited reopening plans now have a date. (1m 40s)
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS