Washington, DC— As the Senate nears a vote on the proposed Tax Cuts and Jobs Act, the bipartisan U.S. Conference of Mayors (USCM) today released a letter urging Congressional leaders to preserve the State and Local Tax (SALT) deduction and the advance refunding of bonds; drop repeal of the ACA individual mandate; and provide more equitable tax benefits to low and middle income taxpayers.
The letter, sent to the offices of every Senator, explains that the elimination of the SALT deduction would force middle-class and working class families to be taxed twice on the same income, wreaking havoc on household budgets. Repeal of the ACA individual mandate would cause millions to lose health care while driving up premiums substantially.
To read the letter, click here.
“Mayors of both parties, in large cities and small suburbs across the country, know how important the SALT deduction is to their communities. They also know how important health care is to leading secure and productive lives. Together, they’re demanding better from their representatives in Washington,” said Tom Cochran, CEO and Executive Director of the U.S. Conference of Mayors. “Washington’s inability to balance its own books shouldn’t excuse this dangerous overreach into their constituents’ pockets. We hope this letter will convince Senators to respect taxpayers’ wishes and leave these proposals out of any tax reform bill.”