Foster Leads Call to Rauner to Alleviate Tax Burden on Illinois Taxpayers
WASHINGTON, DC – Congressman Bill Foster (D-IL) called on Governor Bruce Rauner to alleviate the tax burden imposed by the Republican tax legislation that permanently capped the deduction for state and local taxes (SALT deduction). In a letter, Congressman Foster strongly encourages Governor Rauner to propose a plan to avoid the fiscal strain the federal legislation adds to hardworking Illinois families.
Representatives Cheri Bustos, Danny Davis, Luis Gutierrez, Robin Kelly, Raja Krishnamoorthi, Mike Quigley, Bobby Rush, Jan Schakowsky, and Brad Schneider also signed the letter.
“The newest tax scam hurts families in Illinois by making the cap on state and local tax deductions for individuals permanent, and I call on Governor Rauner to address the damage the new tax law will have on Illinois taxpayers,” Congressman Foster said. “I opposed both pieces of legislation because they impose a significant burden on hardworking Illinoisians. Illinois already loses billions of dollars every year because we pay far more in federal taxes than we receive back from the federal government – and this new tax plan only makes that worse. Governor Rauner should offer a plan to avoid the disaster the new tax code could have on our communities.”
In December 2017, the Republican-controlled Congress passed the Tax Cuts and Jobs Act that capped the SALT deduction at $10,000. Almost a third of Illinoisans claim the SALT deduction. The average deduction is over $12,000. The Protecting Family and Small Business Tax Cuts Act of 2018 Congress passed at the end of last month made the cap on the SALT deduction permanent for individuals. The non-partisan Congressional Budget Office estimated that these tax plans will increase the national debt by trillions of dollars.
Other high-population states, including New Jersey, New York, and California, have already begun efforts to address the effects of the SALT deduction cap.
A copy of the letter is available here.