Larson: Tax Reform 2.0 Is A Doubling Down on Double Taxation

Statement

Today, Congressman John B. Larson (CT-01) Ranking Member on the Ways and Means Social Security Subcommittee released the following statement on the Republican agenda to make the State and Local Tax (SALT) deduction cap of $10,000 permanent Thursday in the Ways and Means Committee.

"Once again, the Republicans are set to release their second politicized tax bill that will further the harm done to Connecticut residents. Connecticut is a donor state, our citizens pay more than their fair share into the federal coffers and middle-class families in West Hartford and Manchester will now be paying even more! They are now seeking to make the limitations to the State and Local Tax Deduction permanent so states like Connecticut, New York and New Jersey are left bearing the burden and further subsidizing red states. I have heard from people all across my district who are worried that these taxes will bury them. On average, Connecticut residents were deducting more than $19,500 a year in state and local taxes. that and saving. Now almost of half of that will be double-taxed! The Republican tax plan is now doubling down on double taxation and on their attack of Connecticut residents," said Larson.

Source