WASHINGTON – Americans Against Double Taxation (AADT) today issued the following statement in reaction to the Senate’s tax reform bill, which completely eliminates the state and local tax (SALT) deduction for income, sales and property taxes:
“The total elimination of the state and local tax (SALT) deduction in this plan will drive up taxes for homeowners, drive down their property values and upend a safeguard that has protected taxpayers against double taxation and state and local governments from federal encroachment for more than 100 years. We vehemently oppose eliminating SALT in any tax reform plan as it poses a serious threat to support for essential public services such as health care, infrastructure, education and public safety.
“What’s more, the plan creates an unprecedented double standard by eliminating the SALT deduction for individuals and families while preserving the same deduction for corporations.
“The Senate bill should also be a sign to House Members that any cut to SALT quickly becomes a slippery slope over which they have no control. Once SALT is partially eliminated, it will be subject to continual erosion. We urge the Senate to maintain the full state and local tax deduction.”