Chris Christie Wouldn’t Repeal Trump’s SALT Cap if Elected President

Former NJ governor says deduction prompted higher state taxes
Christie says Biden deserves credit on Gateway tunnel project

WATCH: Chris Christie, a Republican presidential candidate and former governor of New Jersey, talks about the criminal cases lodged against former President Donald Trump, the Inflation Reduction Act, Federal Reserve Chair Jerome Powell and the war in Ukraine.Source: Bloomberg

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By Gregory Korte

July 19, 2023 at 11:19 PM UTC

This article is for subscribers only.

Chris Christie said he would keep in place a cap on state and local tax deductions if he is elected president, declining to roll back a policy that has become a flashpoint for taxpayers in New York and New Jersey.

In an interview with Bloomberg Television’s “Balance of Power” Wednesday, the Republican presidential candidate and former New Jersey governor said he supports the deduction limit — also known as the SALT cap — that was part of then-President Donald Trump’s tax cut overhaul of 2017.