Providing for Consideration of H.R. Restoring Tax Fairness for States and Localities Act

Floor Speech

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Mr. LEVIN of California. Mr. Speaker, I rise today in support of the bipartisan Restoring Tax Fairness for States and Localities Act, which I was proud to cosponsor.

Since 2017, many families in the north county of San Diego and south Orange County communities I represent have taken an unexpected, unfair tax hit. The financial plans they had made, like whether to buy a new home, were upturned when Washington Republicans passed a tax bill that capped the State and local tax deduction.

In my district, more than 58,000 people who make less than $100,000 per year claimed SALT deductions in 2017, saving $6,328, on average.

Many of the families in California's 49th District have made serious, long-term financial decisions in recent years based on the expectation that they could take advantage of this significant deduction. Now, because of the Republican tax bill and the SALT cap that placed new limits on those deductions, their financial plans are being turned upside down. That is why I am glad that we are voting on legislation to restore the SALT deduction.

The House is doing its part. Now Senate Majority Leader Mitch McConnell needs to do what is right and bring this bipartisan bill up for hearings and a vote.

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