Rep. Payne, Jr. Speaks Out Against GOP’s Plan To Eliminate State & Local Tax Deduction
Rep. Payne, Jr., Speaks Out Against GOP’s Plan to Eliminate State & Local Tax Deduction
WASHINGTON, D.C. – Rep. Donald M. Payne, Jr. (NJ-10) spoke on the House floor in opposition to the Trump-Ryan-McConnell tax plan’s proposed tax cut for the richest 1 percent of Americans and tax hike for 26.4 percent of New Jersey households in 2018. The average tax increase for families under the GOP’s proposed tax plan is $794 a year.
The GOP plan would eliminate the federal deduction for state and local taxes.
“Eliminating the federal deduction for state and local taxes will take money out of people’s pockets and out of New Jersey to fund tax cuts for the wealthiest Americans,” …