WASHINGTON – Americans Against Double Taxation issued the following statement in reaction to the passage of H.R. 1, which partially eliminates the state and local tax deduction (SALT), in the House of Representatives by a vote of 227 to 205:
“This is only the first step in a long process, and we will continue to fight to fully preserve SALT and stop tax increases on the middle class. The House vote eliminates the most frequently claimed deduction in the tax code for the middle class, which voters oppose by a 2-1 margin. It will lead to cuts in education, public safety and other vital state and local public services. It overturns more than 100 years of sound tax policy that protected taxpayers from double taxation, and creates a double standard by allowing corporations to claim a deduction that would no longer be available to individuals and families.”
About Americans Against Double Taxation
Americans Against Double Taxation is a coalition of state and local government organizations, service providers and other stakeholders dedicated to protecting the state and local tax deduction (SALT), a federal tax deduction claimed by 44 million American taxpayers that supports vital investments in infrastructure, public safety, home ownership and education. For more information, visit AmericansAgainstDoubleTaxation.org.