McCollum Remarks at Press Conference Opposing Republicans’ Middle Class Tax Hike in Plan to End State & Local Tax Deduction
Congresswoman Betty McCollum (DFL-Minn.) joined House Democratic Leader Nancy Pelosi, Ways and Means Committee Ranking Member Richard Neal, and other House Democrats at a press conference highlighting the disastrous effects of the Ryan-McConnell plan to end the state and local tax deduction, raising taxes on middle class families in Minnesota and across America. Below are Congresswoman McCollum’s remarks:
Good afternoon. I’m Betty McCollum and I represent Minnesota’s Fourth District in the Twin Cities metro area. I’m here today because the State and Local Tax Deduction is critically important to Minnesota’s families, communities, and economy.
The Republican plan to end the state and local tax deduction would raise taxes on middle class families in my home state of Minnesota and throughout the Midwest, America’s heartland. The SALT deduction is about basic fairness: Why in the world do Republicans want taxpayers to pay taxes twice on the same dollar they earned?
Close to a million Minnesota households itemize their federal tax deductions, and nearly all of them claim the State and Local Tax Deduction. The vast majority of these households are middle class.
The SALT deduction is important in districts that are represented by both Democrats and Republicans. Let me give you an example: In Minnesota’s Third District, represented by my Republican colleague Erik Paulsen — who sits on the Ways & Means Committee — 40 percent of all households claim the SALT deduction with an average value of more than $15,000.
I’m going to ask Erik to join me in saving the SALT deduction that benefits so many of our constituents.
Minnesota has invested in our future by supporting good schools, a strong health care system, new infrastructure, and robust public safety — and we have delivered impressive results. Minnesota is home to 17 Fortune 500 companies, our GDP growth is currently sixth in the nation, and unemployment has been below 4 percent for most of the past two years. The Republican plan to end the SALT deduction makes it harder to sustain important investments and punishes Minnesota taxpayers for our state’s success.
Tax policy should make our country more competitive. But Republicans’ proposal will lead to cuts in education, health, and infrastructure investments.
Finally, in addition to being short-sighted, repealing SALT for families is patently unfair when the Republicans plan to keep it for companies.
My Republican colleagues in Minnesota and across the country need to stand up to their party leaders. We must save the SALT deduction and say NO to this $1.3 trillion tax hike on middle class families.