Nick Lampson: “I do rise to support this bill, because I strongly support the sales tax deductibility provision of FSC-ETI that is…”

“I do rise to support this bill, because I strongly support the sales tax deductibility provision of FSC-ETI that is supported by Texans and in the interest of all Texans. This Congress must stop the Tax Code from penalizing those who live in States without local or State income tax. The sales tax deductibility provision gives taxpayers in these States an option to deduct either their sales tax or income tax from their Federal income tax returns. This is a fair and straightforward way to restore equity to the Tax Code as it applies to some 55 million taxpayers across this country. Sales tax deductibility could keep $1 billion in Texans' pockets and save families roughly $300 a year. That is money that Texans need to provide for their seniors, to plan for our retirements, and to prepare for any unexpected emergencies. This provision has been supported by a bipartisan, bicameral group in Texas, its congressional delegation, and our State legislature, and I urge my colleagues to let this 108th Congress be the session to restore fairness to America's Tax Code by passing this bill and by passing this provision.”