NJ Spotlight: Pascrell, Other House Dems, Introduce Bill to Scrap Federal SALT Cap

For example, a new report from the Center on Budget and Policy Priorities estimated that 80% of the benefit of a SALT-cap repeal would go to just the top 5% of tax filers. That followed up on a report released last year by the Institute on Taxation and Economic Policy that estimated 60% of the benefits would go to just the top 1% of filers.

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