WASHINGTON – Americans Against Double Taxation issued the following statement in reaction to final House passage of H.R. 1 by a vote of 227 to 203:
“The House voted to cut the middle class’ most frequently claimed deduction in the tax code, despite overwhelming disapproval from voters who oppose taking away SALT by a 2-1 margin. This bill will raise taxes on millions of middle-class households, disproportionately affect taxpayers based on where they live, and may lead to cuts in education, public safety, infrastructure 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 the integrity of state and local finances, and creates an unprecedented double standard by allowing corporations to fully claim a deduction that will be cut for 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.