Rep. Casten Issues Statement on Restoring Tax Fairness for State & Localities Act
December 21, 2019
December 21, 2019
WASHINGTON, Dec. 21 -- Rep. Sean Casten, D-Illinois, issued the following statement after voting to pass the Restoring Tax Fairness for State and Localities Act (H.R. 5377):
H.R. 5377 would lift the SALT cap deduction for years 2020 and 2021. The Republican Tax Cuts and Jobs Act of 2017 capped the SALT deduction at $10,000 for individuals and families, but not businesses. Republicans took this deduction away from working, middle class families, like those in Illinois 6th Congression . . .
H.R. 5377 would lift the SALT cap deduction for years 2020 and 2021. The Republican Tax Cuts and Jobs Act of 2017 capped the SALT deduction at $10,000 for individuals and families, but not businesses. Republicans took this deduction away from working, middle class families, like those in Illinois 6th Congression . . .