I support tax reform that helps individuals, working families, and communities, not corporations, the wealthy, and well-connected.
While I am in favor of tax reform, I opposed the Republican tax plan. This plan claimed to benefit the middle-class yet it suspends deductions for interest on home loans (which directly hinders current and future middle-class American homeowners) and effectively repeals the individual mandate, an important feature of the Affordable Care Act that helped millions of Americans obtain affordable health insurance. The Republican tax plan created permanent tax advantages for the wealthiest Americans and corporations at the expense of ordinary American families. For example, the bill doubled the tax exemption from $5 million to $10 million and reduces the corporate tax rate from 35% to 20%. In addition, the tax law repealed the estate tax which is designed to provide tax relief to only the nation’s wealthiest 7,500 families, which make up less than one percent of Americans.
I will continue to support real, comprehensive tax reform that allows more hard-working Americans to bring their money home without eliminating or limiting vital programs.
More on Tax
WASHINGTON — Today, U.S. Representative Bobby L. Rush (D-Ill.) voted in support of H.R. 5377, the Restoring Tax Fairness for States and Localities Act of 2019. This bill would eliminate the $10,000 cap on the State and Local Tax (SALT) Deduction, one of the more damaging provisions of the GOP Tax Scam. The bill would also restore the top individual income tax rate to the pre-GOP Tax Scam levels and double the deduction for educators’ and first responders’ out-of-pocket expenses.
WASHINGTON — Today, U.S. Representative Bobby L. Rush (D-Ill.) released the following statement on the House Republicans’ failed attempt to destroy Medicare, Medicaid, and Social Security:
WASHINGTON — For the fifth time in 30 years, Republicans have shut down the federal government. As the nation braces for the Trump Shutdown, U.S. Representative Bobby L. Rush (D-Ill.) called out Republicans for failing to allow a bipartisan solution to keep the government open and meet the needs of the American people.
WASHINGTON — U.S. Representative Bobby L. Rush (D-Ill.), today released the following statement on the passage of the Republican tax bill:
“Today, with the passage of the GOP tax bill, Congressional Republicans sided with the wealthiest Americans and corporations. They intentionally left hardworking middle-class households footing the bill to enrich the wealthiest one percent.”
“Republicans promised the American people a simpler, fairer tax code. Instead, this bill is more complex, filled with new loopholes, and makes income inequality worse.”