As congressional Democrats hammer out a scaled-down, $2 trillion “Build Back Better” plan, one compromise could restore the SALT deductions New Jersey residents relied on to ease their tax burden. A possible deal would lift the cap imposed by a Republican Congress on state and local property-tax deductions for two years.
New Jersey could also benefit from several other measures still under negotiation — like more funding for pre-K classes, capping child care costs, and expanding Medicare coverage to include vision, hearing and dental. Fever-pitch debates continue between progressive and moderate Democrats on a bill that could actually make it to President Biden’s desk — with razor-thin margins in the House and no votes to spare in the Senate.
