Slashes SALT Deduction That Saves Illinois Families Thousands of Dollars Per Year
Representatives Roskam and Hultgren just voted in favor of the Senate-passed budget that officially fast-tracks the Republican plan for a Middle Class Double Tax on hardworking families in order to give tax breaks to the rich and big corporations. Worse, Roskam and Hultgren voted to eliminate the State and Local Tax (SALT) deduction, which saves Illinois families thousands of dollars per year.
Details of the specific amendment that eliminates SALT, included in today’s budget, are HERE.
“With this budget, Representatives Roskam and Hultgren are officially on the record supporting a middle-class tax increase – something they must explain to families and older Americans in Illinois who will have less money in their pocket,” said DCCC Spokesman Jacob Peters. “Particularly shocking is that this budget slashes the State and Local Tax deduction, which families rely on in Illinois for thousands of dollars in their pockets each year. It’s clear as day that Roskam and Hultgren are looking out for big corporations and the wealthiest in our country, not the people that sent them to Washington.”
BACKGROUND:
Make no mistake—the budget resolution includes a plethora of harmful policies that would devastate middle-class families. It slashes $473 billion from Medicare, cuts more than $1 trillion from Medicaid and imposes $5 trillion in discretionary cuts to programs like Head Start, Pell Grants, and cancer research.
But its true purpose is to pave the way for the Republican tax bill, which Republicans intend to jam through without any input from Democrats. This bill cuts taxes for millionaires, billionaires, and big corporations, and leaves middle-class families holding the bag. Even President Trump’s economic advisor, Gary Cohn, admitted that he “can’t guarantee” middle-class families won’t pay more taxes as a result.