The trump tax cuts, written behind closed doors with no public hearings, guts the federal deduction for state and local taxes. That tax break is disproportionately taken by residents of California Oregon Minnesota Iowa New Jersey Vermont District of Columbia New York Hawaii and Wisconsin, most of which pay billions of dollars more in federal taxes than they receive in services.
As bad as this bill is for the entire country, it's particularly worse for those 10 states, threatening to derail investments in education, infrastructure, law enforcement, public health and other job-creating priorities
Those earning $75,000 or less would see their taxes go up by 2027, according to the Republican-led Joint Committee on Taxation.
I look forward to the day -- and it will come -- that we reverse this devastating piece of legislation and bring real tax reform that truly helps working families and small businesses across the country
Under the bill residents of California Oregon Minnesota Iowa New Jersey Vermont District of Columbia New York Hawaii and Wisconsin, all of which supported Democrat Hillary Clinton over Trump last year, will see net tax increases under the measure, according to the progressive Institute on Taxation and Economic Policy.
We need tax relief, but we must have relief that is not comparatively unfair to the taxpayers of California Oregon Minnesota Iowa New Jersey Vermont District of Columbia New York Hawaii and Wisconsin,
The Senate parliamentarian also ruled that the bill could not be called the Tax Cuts and Jobs Act so Menendez, joined by Booker and Democratic senators Ben Cardin of Maryland, Kirsten Gillibrand of New York, Kamala Harris of California and Patty Murray of Washington, quickly introduced a new bill with that title.
Their bill would make the full state and local tax deduction permanent.