Wexton Helps Pass Elimination of SALT Cap to Restore Major Tax Deductions for Nearly 150,000 VA-10 Households
Washington, December 19, 2019
Washington, DC -- Today, Congresswoman Jennifer Wexton (D-VA) voted to pass H.R. 5377, the Restoring Tax Fairness for States and Localities Act, which would eliminate the state and local tax (SALT) cap instituted by the 2017 Tax Cuts and Jobs Act (TCJA). Wexton is a cosponsor of the legislation and has been a forceful advocate for eliminating the SALT cap. Passage of this bill is significant for Virginia’s 10th Congressional District where over half of households claim the SALT deduction and an estimated 150,000 households have been impacted by this cap and could see savings with its removal.
The SALT deduction has protected taxpayers from double taxation since 1913 by allowing them to deduct all state and local taxes from their federal liability. That changed in 2017 when President Trump and the Republican majority in Congress passed the Tax Cuts and Jobs Act, instituting a $10,000 cap on the SALT deduction.
This has particularly impacted families in Wexton’s district. In 2017, the 10th District had the highest average SALT deduction in the commonwealth at $17,885, the greatest number of households claiming SALT at 213,500, and the highest percentage of households claiming SALT in Virginia at 52.7%.