In Effort to Preserve SALT Deduction, Donovan and King Vote Against Sending Bill to Conference
Washington, DC—December 4, 2017….Congressman Dan Donovan (NY-11) and Congressman Peter King (NY-2), in another effort to preserve the state and local tax deduction, voted against sending the tax reform proposal to a conference committee. Because the House and Senate passed different tax reform bills, a conference committee of negotiators from both chambers is necessary to settle on identical legislation. The lawmakers tonight voted against creating such a conference committee because the state and local tax deduction solutions they proposed have not been accepted by Congressional leaders.
Congressman Donovan said, “For weeks, I and my Republican colleagues in the New York delegation have been advocating for our solution to the state and local tax deduction issue. Our proposal delivers on the promise of middle class tax cuts for all Americans, not just folks in some states. Our constituents have to put food on the table and save for their kids’ college tuition just like families in other parts of the country – they shouldn’t foot the bill for everybody else’s tax relief. That’s why I voted against advancing this legislation as it currently stands.”
Congressman King said, “The House and Senate tax bills would each devastate New York and Long Island. Having a House and Senate conference on two bad bills will almost definitely result in a bill that is just as bad or maybe worse. That is why I voted NO on agreeing to a Conference Committee. Preventing a Conference would kill both bills and allow the entire process to start over to provide real tax relief across the board.”
Last month, Donovan and King proposed maintaining the state and local tax deduction for families earning less than $400,000 per year, and phasing it out for higher earners over four years so states have time to prepare.
According to the Institute on Taxation and Economic Policy, four states – New York, New Jersey, California, and Maryland – would pay $16 billion more in taxes while the other 46 states receive a $100-billion tax cut under the House bill. Donovan and his colleagues in the New York delegation have been vocal advocates for preserving the deduction on which large proportions of their constituencies rely.