Apr 25, 2012
This provision brings tax equity to taxpayers living in states with no income tax.
Jim McDermott
The Public Record
Jim McDermott is a former U.S. Representative from Washington, serving from 1989 to 2017. A member of the Democratic Party, he represented Washington's 7th congressional district. During his tenure, McDermott was known for his advocacy on healthcare issues, social justice, and economic equality. He played a significant role in the passage of the Affordable Care Act and was a vocal critic of the Iraq War. McDermott also served on various committees, including the Ways and Means Committee, where he focused on tax policy and healthcare reform.
congress.gov
Apr 25, 2012
More than 800,000 Washingtonians alone would be subject to this unequal treatment if the deduction is not extended.
Apr 25, 2012
Certainly, it is a critical component of our Tax Code, and making this hearing on expiring tax provisions is really in my view long overdue because businesses want to know what is going on, and a lot of people want to know.
Apr 25, 2012
This provision provides critical tax relief to struggling homeowners that are lucky enough to get their lender to agree to principal reduction.
Apr 24, 2012
The problems that States have had has not been because they increased benefits, but because they reduced the rate that they were charging employers.
Apr 24, 2012
What leverage do we have in terms of forcing the States to pay their debts to the Federal Government?
Apr 24, 2012
The funding problem was not excessive benefit outlays that the States were responsible for, but the failure of taxes to bring the trust funds back to previous balances.
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