Political Quotes

“Mr. Speaker, I rise in opposition to H.R. 2315. A large and broad coalition of 11 large labor and tax organizations all oppose this bill because it is an attempt to impose standardized criteria for a uniform framework for the tax treatment of out-of-state residents, would cause certain States to lose massive State income tax revenues, and would facilitate tax liability avoidance through manipulation by employers and employees alike. It achieves this flawed result in several ways. To begin with, rather than promoting uniformity, H.R. 2315 would have a significant adverse impact on income tax revenues for certain States. According to the Congressional Budget Office, for example, as the gentleman from New York (Mr. Nadler) will explain, New York could lose between $50 million and $125 million annually if this measure were signed into law. Other States that would also be adversely impacted and affected include Illinois, Massachusetts, and California. As a result of the lost revenues from nonresident taxpayers, these States would be forced to make up these losses by shifting the tax burden to resident taxpayers. It may even cause these States to cut government services, such as funding for education and critical infrastructure improvements. Another problem with H.R. 2315 is that it essentially provides a roadmap for State income tax liability avoidance.…”