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Today, I voted for H.R. 5377 the Restoring Tax Fairness for States & Localities Act to finally undo some of the damage done by the disastrous Republican tax bill to my constituents back in #IL06, as well as, working, middle class families, and teachers across the country.pic.twitter.com/cM6JXqRYQ4
This bill lifts the #SALT cap, doubles the teacher tax credit & creates a deduction for first responders. From the very first tax, we have included a deduction for state & local taxes for the simple reason that we shouldn’t tax people twice on their hard-earned income.
Alexander Hamilton wrote in Federalist 32 that the U.S. Constitution would give states “an independent and uncontrollable authority to raise their own revenues for the supply of their own wants.”
What Hamilton understood is that certain services- roads, schools, fire departments, libraries- are better and more efficiently provided by local authorities. When we double tax that income, we create undue tension between federal and local authorities.
That’s why I have fought all year for this moment to undo the #GOPTaxScam and restore the State and Local Tax Deduction for hard working people across this country.
And how many times are businesses & their shareholders taxed?
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