[Congressional Record Volume 165, Number 41 (Thursday, March 7, 2019)]
[House]
[Page H2515]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
STATE AND LOCAL TAX DEDUCTION
(Mr. SCHNEIDER asked and was given permission to address the House
for 1 minute and to revise and extend his remarks.)
Mr. SCHNEIDER. Madam Speaker, forcing Americans to pay Federal tax
money they have already paid to State and local governments is double
taxation, and it is wrong. But that is just what the tax law passed by
my Republican colleagues in 2017 did.
The law places a severe $10,000 restriction on the State and local
tax deduction. According to the United States Department of the
Treasury, more than 11 million households will exceed this new cap. In
my district, around 42 percent of filers use the SALT deduction, and I
have heard from many constituents stuck this year with a higher tax
bill.
Madam Speaker, Illinois already pays approximately $1.36 for every
dollar we receive in Federal spending. It is not right that our
communities now must bear the burden for the President's irresponsible
tax law.
Lifting these punishing caps is a top priority for my constituents,
and I am pleased that there is growing bipartisan support for the
effort. This week, I cosponsored legislation introduced by Chairwoman
Nita Lowey, a Democrat, and Peter King, a Republican, to restore the
full SALT deduction.
Madam Speaker, I urge my colleagues to join us in this effort and
help bring needed tax relief to the communities we all represent.
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