WASHINGTON – Congressman Ted W. Lieu (D-Los Angeles County) issued the following statement after the House passed the Restoring Tax Fairness for States and Localities Act of 2019. The bill would curb the $10,000 cap on the State and Local Tax (SALT) Deduction implemented in the 2017 House GOP tax bill and would also reverse the GOP’s massive giveaway to the wealthiest tax bracket.
“California contributes more to the federal government in taxes than it receives back in services,” Rep. Lieu said. “Many of my constituents are already feeling the pain of being double taxed because they’ve been forced to pay federal taxes on money spent on state and local taxes. The harmful SALT deduction cap was a cornerstone of the regressive 2017 Republican tax bill, which made it possible for corporations to go without paying taxes while millions of average American families footed the bill. House Democrats are working for the people to support middle class families, which is why I am proud to have cosponsored this bill.”
Go to Source