Underwood Expresses Concern that Change to State and Local Tax Deduction Could Hurt Illinois Public Schools
WASHINGTON – Congresswoman Lauren Underwood (IL-14) today expressed concern that a change included in the recently-enacted Republican tax bill, the Tax Cuts and Jobs Act, which limited the state and local tax (SALT) deductions threatens the sustainability of funding for Illinois public schools. In a hearing in the House Committee on Education and Labor, Underwood pointed out that in Illinois’ 14th Congressional District, state and local taxes go toward funding good public schools. The law limited the SALT deduction, which helps offset the taxes that fund Illinois public schools, in favor of giving tax breaks to large corporations.
“When I was home last weekend, I heard from so many of my neighbors whose tax bills skyrocketed this year because of the Republican tax law. The Republican tx law limited the state and local tax (or SALT) deduction, which helps offset the taxes we use to pay for public schools,” Congresswoman Underwood said in today’s hearing. “Our community doesn’t mind paying our taxes, but we expect a return on our investment. We want our tax dollars going to our children’s schools, not to tax cuts for corporations.”
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In January, Underwood urged the Internal Revenue Service to address the disproportionate tax burden being placed upon Illinois families due to changes in the SALT deduction as passed in the Tax Cuts and Jobs Act. In the letter, Underwood said current efforts by the IRS are not sufficient.