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Himes touts House passage of SALT deduction restoration bill

The U.S. House has passed the Restoring Tax Fairness for States and Localities Act, which would raise the cap on state and local tax deductions that were instituted in the 2017 Tax bill. 

4th District Congressman Jim Himes says the SALT cap disproportionately injured Connecticut families. In 2015, 483,790 Connecticut tax filers claimed more than $10,000 in these SALT deductions and are adversely affected by the tax bill provision. The average SALT deduction in Fairfield County before the change was $33,400, meaning families who itemize deductions are on average being taxed twice on an additional $23,400 of income each year. 

Connecticut officials estimated that the change in SALT deductions raised tax liabilities for Connecticut taxpayers by $2.8 billion.

By eliminating the cap entirely for two years, Himes says more money will be put back into the hands of Connecticut workers, who already pay more than their fair share of federal taxes. 

This bill will require action in the Senate before it heads to the President’s desk and becomes law.

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