House Republicans just introduced legislation to make last year’s personal income tax cuts permanent, adding $631 billion to the national debt by 2028.
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This is on top of the $1.9 trillion in tax cuts for the wealthiest and for corporations that Republicans rushed through Congress last year, that was charged to the national debt and our children and grandchildren will have to pay for.
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Most offensively, the new tax cut package makes the $10,000 annual cap on the State and Local Tax (SALT) deductions permanent. Nearly 200,000 households in my Congressional District deducted an average of $31,193 in SALT in 2015. This is yet another assault on the middle class.
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"middle class"
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Good. The rest of the United States shouldn't have to subsidize the idiots in the Bay Area who keep their housing prices artificially high.
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And by middle class, you mean upper class. "The state and local tax deduction disproportionately benefits high-income taxpayers, with more than 88 percent of the benefit flowing to those with incomes in excess of $100,000."https://taxfoundation.org/state-and-local-tax-deduction-primer/ …
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I appreciate you fighting these things, but what do you mean by "permanent?" Can't this be removed later presuming Congress becomes moderately reasonable again?
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If you would have disclosed that letter that would have been a step in the right direction to end this administration
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If you want to protect your wealthy constituents, you should be pressuring State legislature to decrease taxes.
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Try being pissed that you crazies made the gas tax permanent hike of .22 cents every year!!!! Repeal it- and while you’re at it, handle sensitive documents properly
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Tell Moonbeam to lower taxes. Problem solved.
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