Sherill, Gottheimer and King Move to Keep Treasury From Blocking Charitable Contributions

August 10, 2019 by Sean Trambley

Representatives Mikie Sherrill, D-N.J., Josh Gottheimer, D-N.J., and Peter King, R-N.Y., have introduced H.J. Res. 72 to overturn U.S. Treasury Department regulations that bar the deduction of charitable contributions from federal taxes. 

The bipartisan action comes after the Treasury, in June, barred municipalities from creating work arounds to help residents negatively affected by the 2017 state and local tax (SALT) deduction cap. 

The Congressional Review Act of 1996 (CRA) establishes procedures by which the House and Senate may strike down regulations issued by federal agencies. Agencies still wishing to enforce the regulation are then given 60 days to submit it to Congress for its consideration. 

If the disapproval resolution is passed by both chambers, the rule cannot take effect and the agency is barred from issuing a substantially similar rule without subsequent statutory authorization.

The 2017 Tax Cuts and Jobs Act imposed a $10,000 cap on federal income tax deductions for state and local taxes. The state and local tax deduction cap impacts 11 million Americans who were unable to deduct more than $323 billion in state and local taxes.

“The state and local tax deduction cap has placed a significant burden on residents in my community,” Representative Sherrill said. “I hear it from parents who wonder how they are going to afford to send their kids to college and teachers who ask me how they can continue to make New Jersey their home. The U.S. Treasury Department’s wrongheaded decision to bar states from utilizing charitable deductions impacts Americans across the country. It was done without congressional input and our resolution will give power back to states like New Jersey to address the high cost of living — only made worse by the loss of the full SALT deduction in 2017.”

“I have continued to hear from cities and towns across the Fifth District that the Treasury Department’s regulatory overreach is stopping them from being able to provide actual tax relief for our hardworking Jersey families. With today’s bipartisan resolution, I’m digging in and fighting back with Rep. Sherrill, and with our colleagues in the Senate like Sen. Schumer, Sen. Menendez, Sen. Booker, and so many others,” said Representative Gottheimer. “Simply put, Congress didn’t give the IRS permission to interpret the tax law as they see fit. Today’s resolution builds upon all of my efforts to, once and for all, give people the tax cuts they need and deserve.”

Full text of the House Resolution can be viewed here

Forty-Seven Members of the U.S. House of Representatives joined as original co-sponsors, and Members of the U.S. Senate introduced a companion resolution.

Congress

Budget Deficit Poised to Break $1 Trillion Despite Strong Economy
Federal Budget
Budget Deficit Poised to Break $1 Trillion Despite Strong Economy
January 28, 2020
by Dan McCue

WASHINGTON - The federal budget deficit will likely top $1 trillion this year, despite the continued strength of the U.S. economy, the nonpartisan Congressional Budget Office said Tuesday. The report follows an increase in new spending last year and the repeal of several taxes that had... Read More

White House Violated the Law by Freezing Ukraine Aid, GAO Says
Impeachment
White House Violated the Law by Freezing Ukraine Aid, GAO Says
January 17, 2020
by Dan McCue

WASHINGTON - The White House violated federal law in withholding security assistance to Ukraine, one of the actions that set the stage for President Donald Trump's impending  impeachment trial in the Senate, a nonpartisan federal watchdog said Thursday. In a long-awaited report released mere moments before... Read More

Report Assails Coast Guard for Failing to Address Harassment, Bullying
Oversight
Report Assails Coast Guard for Failing to Address Harassment, Bullying
December 11, 2019
by Dan McCue

WASHINGTON - Officers at the U.S. Coast Guard’s New London facility failed to conduct prompt, thorough and impartial investigations of harassment and bullying allegations, according to a report issued by two congressional committees on Thursday. The report, called “Righting the Ship,” also found Coast Guard leaders... Read More

Heck, Graves, Dedicated Pragmatists, Will Not Seek Re-Election in 2020
Congress
Heck, Graves, Dedicated Pragmatists, Will Not Seek Re-Election in 2020
December 5, 2019
by Dan McCue

WASHINGTON - Rep. Tom Graves, the most senior Republican in Georgia's House delegation, announced Thursday that he will not stand for re-election in 2020. In a letter to constituents in Georgia's 14th Congressional District, northwest of Atlanta, Graves said, after some reflection over the Thanksgiving holiday,... Read More

Aides Bring Impeachment Inquiry Directly Into the White House
Impeachment
Aides Bring Impeachment Inquiry Directly Into the White House

WASHINGTON — White House aides who listened in on President Donald Trump’s controversial call with Ukraine’s president testified publicly for the first time Tuesday, bringing the impeachment inquiry directly into the White House and providing damaging new details about Trump’s efforts to press a foreign leader... Read More

Katie Hill’s Office Receives White Powder in Envelope, But it Tests Negative for Harmful Toxins
In The News
Katie Hill’s Office Receives White Powder in Envelope, But it Tests Negative for Harmful Toxins

LOS ANGELES — Following Democratic Rep. Katie Hill’s resignation over allegations of a sexual relationship with a staffer and a campaign aide, the freshman lawmaker’s Palmdale office received a suspicious envelope Monday containing a white powder that was determined to be harmless. A Los Angeles County... Read More

Straight From The Well
scroll top