Congressman Suozzi, I am grateful for you holding this Special Order. I am grateful for your friendship in Congress and the work we do together on many things, but, in particular, on our efforts to repeal the onerous cap on the SALT deduction. In 2017, the Trump administration raised taxes for middle-class families in Illinois and across the country by capping the State and Local Tax deduction at $10,000. The decision was both bad policy and bad politics. Capping the SALT deduction raised the tax burden for Illinois working families and small business owners. In the 10th District, my district, 42 percent of families rely on the SALT deduction. Statewide in Illinois, one in three taxpayers file using the SALT deduction affected by this cap. And this deduction is not a tax break on the wealthy. Eighty-five percent of Illinois filers who take the SALT deduction are middle- income individuals and families. I have heard from constituents, and some of them want to move out of Illinois because their taxes are simply too expensive. I see everything our communities have to offer, from our schools, our parks, our public places, communities that make a difference and make a great place to raise family; and it breaks my heart that someone would choose not to live in the 10th District just because of an unfair decision made to increase the tax burden to punish States like Illinois.…
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