Job Creators Network: Committee Hearing on SALT Deduction Cap Shows Democrat Hypocrisy
Washington, DC (June 25, 2019) – Today, the House Ways and Means Committee held a hearing on one of the cornerstones of President Trump’s tax cuts – the cap on the state and local tax (SALT) deduction.
Today’s hearing was Democrat hypocrisy at its worst. The Democrats are constantly slandering the Trump tax cuts as a giveaway for the rich, but they’re pushing to repeal the SALT deduction cap because their rich donors in high-tax states are feeling the pinch. The SALT deduction forces low-tax states like Texas to subsidize big spending in high-tax states like California, which is grossly unfair. Thanks to the SALT deduction cap, citizens in high-tax states are finally incentivized to hold their politicians accountable and demand they get their fiscal houses in order. By pushing for a $325 billion tax cut for millionaires, Democrats are reaching a new low of hypocrisy and irresponsibility.
On February 15, the Washington Examiner published Mr. Ortiz’s op-ed, Blue-state Democrats back tax cuts for the rich in pursuing SALT reform. Click here to read it.