Foster Statement on Republican Tax Plan
WASHINGTON, DC - A first look at the Republican tax plan confirms all of our worst fears. It would push trillions of dollars of additional debt onto our children. It would raise taxes for hardworking families in Illinois while giving a tax cut to corporations and the wealthiest families and their children. The end of the alternative minimum tax will mean that wealthy people will once again be able to hire tax lawyers to slash or entirely eliminate their taxes. Illinois families and homeowners would be crushed by changes to the SALT and mortgage interest deductions. While I am committed to working on a bipartisan tax simplification plan that will not increase our debt and be fair to middle class families, this plan is not a step in the right direction.