Stanton Votes Against SALT Deduction Tax Shift Bill
WASHINGTON, D.C.—Rep. Greg Stanton today issued the following statement after voting against a bill to lift the cap on the State and Local Tax (SALT) deduction.
“The President and the previous Congress took the wrong approach when they passed major changes to the tax code that benefited the wealthiest Americans and added to our nation’s growing debt.
If we want to correct that wrong, we should do so holistically—not in a piecemeal fashion. Lifting the SALT deduction in this manner pushes benefits to just a few states and penalizes many Arizonans with a tax increase. I simply cannot support a proposal that helps the wealthiest taxpayers in other parts of the country at the expense of Arizona.”
H.R. 5377 passed the house with a 218 to 206 vote.
In 2017, the Republican-led Tax Cut and Jobs Act (TJCA) placed a $10,000 cap on the amount of state and local taxes individuals and joint filers can deduct. This change had a disproportionate effect on states with high incomes and sales taxes.
Prior to the enactment of TCJA, residents in just six states—California, New York, New Jersey, Illinois, Texas and Pennsylvania—claimed more than half the value of all state and local tax deductions nationwide, even though they make up just 38 percent of the population. [Source]