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Tucker County (WV) - Parsons
By TedderBear
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State: West Virginia
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Wheeling-Clarksburg-Parkersburg, WV
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Press Office and Public Appearances of Senator Vini Vinachelli (R-NJ)
Senator Vinachelli Introduces Bill to Make Middle-Class Tax Cuts Permanent and Increase SALT Deduction for New Jersey Families Washington, D.C. – U.S. Senator Vinachelli of New Jersey has introduced new legislation on behalf of President Allred to permanently extend the 2017 Tax Cuts and Jobs Act provisions for middle-class families and small businesses, while also providing significant relief to New Jersey households by increasing the State and Local Tax (SALT) deduction cap to $20,000 for those earning under $400,000. The Permanent Tax Cuts Act is targeted to protect middle-income earners and small business owners from tax hikes, while prioritizing benefits for working families. Senator Vinachelli emphasized the importance of bipartisan support for the bill, stating, “If we do not swiftly take action to extend middle-class tax relief by passing the Permanent Tax Cuts Act now, then all Americans' taxes will go up next year. The Permanent Tax Cuts Act offers relief and fairness to middle-class families and puts us on a pro-growth path that benefits all Americans.” Senator Vinachelli also thanked President Allred and his Administration for hearing the concerns of New Jersey voters and working collaboratively to improve the Tax Cuts and Jobs Act to ensure it better served middle class families everywhere: "The President proactively reached out to us in the Mainstreet Caucus and worked with us to ensure that making the Tax Cuts and Jobs Act permanent benefits middle class families wherever they live, including the hardworking people of New Jersey, and I thank him for his collaborative leadership here." Under the proposed legislation, all provisions of the 2017 tax cuts, except for the top income rate, would be extended to ensure stability for American families and businesses. Raising the SALT deduction cap to $20,000 will provide New Jersey taxpayers with increased flexibility, helping to ease the financial pressures of rising living costs families face in high-tax jurisdictions. “New Jersey families and small businesses have long faced some of the highest taxes in the nation, and the current SALT cap has unfairly burdened middle-income earners,” said Senator Vinachelli. “The Permanent Tax Cuts Act will provide real relief by not only extending and making middle-class tax cuts permanent but also increasing the SALT cap for those who need it most, particularly middle class homeowners and small businesses right here in New Jersey.” ### -
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Permanent Tax Cuts Act
IN THE SENATE OF THE UNITED STATES Senator Vinachelli, on behalf of President Allred and Vice President Van Horn, introduces A BILL To make certain provisions of the Tax Cuts and Jobs Act permanent. SECTION 1. SHORT TITLE. (a) This act shall be cited as the "Permanent Tax Cuts Act." SEC. 2. PERMANENT EXTENSION OF CERTAIN PROVISIONS OF THE TAX CUTS AND JOBS ACT. (a) Provisions affecting individual and business taxpayers that were enacted in 2017 by the Tax Cuts and Jobs Act and are scheduled to expire at the end of 2025 are made permanent with the except for the following: (1) The top bracket of personal income will increase to its previous rate of 39.6%. (2) The maximum amount of the SALT deduction will increase to $20,000 for filers with income of less than $400,000. SEC. 3. ENACTMENT. (a) This act shall take effect immediately.- 1
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