Club for Growth to House Rules Committee: President Trump Provides Solution to SALT Deduction in House Bill
Rachael Slobodien - November 14th, 2017
Washington, DC – Today, Club for Growth President David McIntosh issued the following statement as the House of Representatives begins consideration of the “Tax Cuts and Jobs” Act:
“President Trump’s tweet yesterday that the House should lower the top marginal rate solves the problem for members representing these high-tax states,” explained Club for Growth President David McIntosh.
“Club for Growth has always argued for eliminating the SALT deduction and cutting marginal tax rates for all Americans, which includes those who are most successful as well as middle-class income earners. A rate reduction to 35 percent for the highest bracket offsets the tax revenue caused from the elimination of the SALT deduction.
“Further, President Trump’s suggestion that Congress repeal the individual mandate in Obamacare provides an offset for revenue lost that fulfills the House’s self-imposed limit on tax cuts.
“Club for Growth urges the Rules Committee to amend the Tax Cut and Jobs Act to include both of the President’s suggestions. Once incorporated, the House should pass the bill and send it to the Senate for further improvements.”