Ruth Banschick

Sens. Chuck Schumer and Bob Menendez announce proposed Sandy tax credits Dec. 9, 2012 (credit: Monica Miller/WCBS 880)

Senators Propose Federal Tax Credits, Breaks For Sandy Victims

Sens. Charles Schumer of New York and Robert Menendez of New Jersey have proposed making all repair expenses fully deductible to help lessen the tax implications for those recovering from the storm.