Friday, November 3, 2017

Get Informed On Rep. Gregory Meeks' Statement On The Latest GOP Tax Plan And How It Would Hurt Hard-Working Area Families

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Local Congressman Discusses 
Tax Codes & Middle-Class Families

Rep. Meeks Statement on GOP Tax Plan - Washington, D.C.—Senior Member of the Financial Services Committee, Congressman Meeks (NY-05), released the following statement on the House Republicans one-sided tax proposal:

“First, I recognize our country badly needs to comprehensively reform and modernize the tax code so that it supports middle-class families, fosters and rewards innovation, provides businesses opportunities to thrive, and allows our country to compete on a global scale."

However, I have fundamental concerns with the plan Republicans announced today. Namely, this plan was plotted in a hyper-partisan fashion behind closed doors. It would eliminate deductions critical for hard-working families, like the state and local income tax deduction upon which more than three million New Yorkers rely. This bill almost seems to target New Yorkers, who have notoriously high property taxes, by capping the property tax deduction.

“The House Republican proposal would be laughable if it wasn’t so hypocritical: after Republicans have, for decades, complained about our nation’s finances, this proposal would balloon our deficit by trillions of dollars. Republicans should sit down with Democrats to work out a tenable tax reform package, instead of pushing forward this irresponsible proposal.”

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