Restoring Tax Fairness for States and Localities Act

Floor Speech

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Mr. LARSON of Connecticut. Madam Speaker, I rise to strongly support this bill. I thank the gentleman for his efforts, and especially Bill Pascrell, who has been our passionate leader on the Ways and Means Committee, for his efforts on this very important issue.

What a spirit of Christmas is upon us today. It is great to see the bipartisanship is continuing. I was so happy to see Peter King down in the well, talking about what this means.

I dare say, to my other colleagues, I would love to have Mr. Rice come and visit Augie & Ray's in East Hartford and have him talk about how billionaires are being benefited.

In Connecticut, we used to deduct, on average, $19,000 in personal property taxes. Now, we get to deduct $10,000. Why? So that we could pay 1 percent of the Nation 83 percent of your tax cut, which is unpaid for, paid for by working people.

In our State, we send more money to the Federal Government than we get in return.

The basic unfairness, established by Lincoln back during the Civil War, is that this is double taxation and especially hurts the blue- collar workforce all across this great country, especially in those States that go out of their way to pay their own.

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