On the recordDecember 19, 2019
By denying the full SALT deduction, you are making it more expensive to buy homes, you are having a lower resale value, it is a loss of net worth, plus there is about a 1 percent hit because of the higher interest rates that are going to come because your tax bill of $2 trillion is on the collar. Madam Speaker, I strongly urge my colleagues to look at this to see how pervasive the hit is, not just to their income tax, but to their most precious asset, their home value.
