Mike Thompson: “The fact is that capping the SALT deduction is a significant tax increase for many suburban homeowners, including law…”

“The fact is that capping the SALT deduction is a significant tax increase for many suburban homeowners, including law enforcement officers. This puts them squarely in the range of middle-class taxpayers that the Tax Cuts and Jobs Act was supposed to help. Instead, with the SALT deduction cap at $10,000, many first responders are finding themselves on the wrong end of a tax hike. We support the 2-year repeal of the cap and call on Congress to permanently repeal it for homeowners, for our communities, and for first responders who work every day to keep those communities safe. Madam Speaker, I want to take a quick moment, as we head into this holiday season, to offer my appreciation to the Committee on Ways and Means tax staff. The Members who serve on the Committee on Ways and Means already know that they have the hardest working men and women on the Hill at their disposal. This bill would not have been possible without their commitment, policy expertise, dedication, and hard work. I want to take a minute to thank my subcommittee staff director, Aruna Kalyanam; the lead staffer on the SALT deduction, Peg McGlinch; my senior counsel, Terri McField; as well as Scott La Rochelle, Arjun Ghosh, Lee Slater, and Andrew Grossman on the committee for their tremendous efforts. They do great work, and we should all be really glad that they are here. All Americans should be.…”