Restoring Tax Fairness for States and Localities Act

Floor Speech

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Mr. PHILLIPS. Madam Speaker, I rise today in support of H.R. 5377, the bipartisan Restoring Tax Fairness to States and Localities Act, legislation that will provide immediate relief to American families.

Elimination of the State and local tax deduction in the 2017 tax law was a bad deal for the State of Minnesota, the people of my district, and millions across the country. In fact, the SALT cap is a punishment for States that invest in schools, roads, and people, and it is punishment to hardworking families in those States who deserve our appreciation and gratitude--not a tax increase.

Matthew and Karen are two educators in my district who bought a home for their young family just 3 years ago. Now, with the increased tax burden, they face the real prospect of losing their home and having to move farther away from their kids' school and community.

I am fighting hard for this bill, and I am on a mission to make the tax code more equitable for the people of my State--one that already shares much more of its hard-earned money with Washington than it gets back in return--and particularly for people like Matthew and Karen.

So, Madam Speaker, I urge my colleagues on both sides of the aisle to come together to end the SALT cap and repeal such a punitive mistake.

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