Political Quotes

“I rise today in opposition to President Trump's nominee for Chief Counsel of the Internal Revenue Service, Michael Desmond. This nominee comes before us just a week into this year's filing season, when our need for an IRS that treats all taxpayers fairly is clearer than ever. Already, thousands of taxpayers across America are grappling with the fallout of the Trump tax bill and its capping of the State and local tax, or SALT, deduction. Already, the IRS has reported an average 17 percent drop in the size of tax refunds this year. Already, the broken promises made by President Trump and his Republican allies are being laid bare. They promised middle-class families thousands of dollars of tax relief and a $4,000 raise in their salaries. Instead, they got $1.5 trillion in more debt and an economy that is even more rigged for big corporations and wealthy CEOs. As bad as the Trump tax scam is for the whole country, it is worse for New Jersey families. That is because Republicans paid for a big chunk of their corporate giveaways by gutting the State and local tax deduction that New Jersey and other States' middle-class families depend on to write off their property taxes. In 2016, 1.8 million people--about 40 percent of New Jersey taxpayers--deducted their property and State income taxes. More than 80 percent of them earned less than $200,000, and the average deduction totaled $18,000--far above the arbitrary cap imposed by the Trump tax bill.…”