Napolitano’s Statement on GOP Tax Bill
(WASHINGTON, DC) Today, Rep. Grace F. Napolitano (D-El Monte) issued the following statement after House Republicans unveiled their tax bill:
“The Republican bill is a tax hike on San Gabriel Valley residents and all of California’s hardworking families. It cripples the State and Local Tax (SALT) deduction and bars new homebuyers from receiving mortgage interest tax breaks above $500,000, devastating those particularly in LA County. These provisions will lead to higher tax bills and lower home values for thousands in my district. It is unfair and outrageous to deny Californians their right to determine the best options to reduce their tax bills.
“Six Republicans worked in secrecy for weeks while promoting their plan as a middle class tax cut. The bill they unveiled today is nothing more than a massive tax break for big corporations, whose rate will be lowered by 15%. Cutting funding to Medicare, Medicaid, and other vital programs that help working families, in order to pay for tax breaks for corporations and the wealthiest Americans, should be rejected by all. When Republicans are serious about working together on bipartisan tax reform to create jobs and grow the economy without harming California and the rest of our nation, we Democrats stand ready.”
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