Illinois’ federal delegation sticks with party lines on tax plan
"There are no two ways about it," said
"I think it's a win for the middle class," said
"This plan gives massive tax cuts to corporations and the wealthiest individuals while middle-class families are left behind," Durbin said in a statement. "It is based on the mistaken belief that cutting taxes for the wealthiest will benefit everyone else -- an assumption that has been proven false each and every time it's been tested. Eliminating state and local tax deductions will hit
** All your major questions about the tax plan, answered **
Under the proposal, people will be able to deduct up to
"Their proposal would run up the deficit with massive tax cuts for large corporations and the very wealthy while leaving small businesses in a higher tax bracket and eliminating state and local income tax deductions that a third of hardworking Illinoisans rely on," Duckworth said. "The Republican tax plan would also hurt homeowners and the housing and construction industries, make it harder for students struggling to pay off the burden of student debt and make healthcare even more expensive, especially for those with chronic illnesses." She said members of
In an interview, LaHood saw a clearer path for the tax reform plan than there turned out to be for an unsuccessful earlier attempt by
"In health care,
With seven current tax brackets going to four, LaHood noted that the highest bracket, for the highest earners, would remain at 39.6 percent.
He also noted middle class benefits of increasing the child tax credit from
"In our district, over 70 percent of people claimed the standard deduction," LaHood said.
And he doesn't think limiting the mortgage interest deduction to up to
"Anybody that has a mortgage under
The elimination of the estate tax -- called the "death tax" by its detractors -- over six years, is seen by critics as a help to the wealthy, as for the 2017 tax year, estates under
"When I talk to farmers in my district -- and I've got a lot of them -- the biggest complaint they have is trying to pass their family farm down to their next generation," LaHood said. "Sometimes that gets complicated, where people, in order to pay the tax bill, (have) to sell off parts of the property, they have to sell equipment. Particularly with less and less people moving back to rural areas, we want to incentivize being able to pass down family farms and family businesses."
He said a family of four earning
Davis noted in a statement that the standard deduction for individuals would increase from
And he said the individual tax rates, set at zero, 12 percent, 25 percent, 35 percent, and still 39.6 percent for top earners, would let people keep more of their money.
In an interview last week before the detailed plan was released, Davis said only 25 percent of people in his
Davis also said lawmakers from both parties were suggesting changes to the plan before it was released, and can continue to do so.
"In the committee process, we'll allow every member to have input on any changes that he or she wants," Davis said.
"We have an opportunity to change the lives of working Americans for the better and I hope
A group called American Action Network has been promoting the
That TV ad says an "independent analysis" found the plan would save
Congressional offices can't coordinate advertising with such groups, according to Davis' office, and he is going with the figure from the
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