Political Quotes

“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. ____________________”