Full Text of SR1067 100th General Assembly
SR1067 100TH GENERAL ASSEMBLY |
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| 1 | | SENATE RESOLUTION
| 2 | | WHEREAS, President Donald Trump and Congressional | 3 | | Republicans are proposing radical changes to America's tax | 4 | | code; and
| 5 | | WHEREAS, The changes President Trump and his Congressional | 6 | | allies are discussing would benefit millionaires and | 7 | | billionaires, while hurting working families; and
| 8 | | WHEREAS, President Trump and Congressional Republicans | 9 | | have discussed removing the state and local tax deduction, also | 10 | | known as SALT, as a way to pay for their proposed tax cuts for | 11 | | the wealthy; and
| 12 | | WHEREAS, The state and local tax deduction allows families | 13 | | that pay local property taxes, state and local sales taxes, and | 14 | | state income tax to deduct those taxes from their federal | 15 | | income tax; and
| 16 | | WHEREAS, This deduction prevents families from being | 17 | | double taxed, once by the federal government, and again by the | 18 | | state; and
| 19 | | WHEREAS, The state and local tax deduction has broad | 20 | | bipartisan support and has been helping Illinoisans since 1913; |
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| 1 | | and
| 2 | | WHEREAS, Illinois has the fifth highest number of taxpayers | 3 | | who claim the state and local tax deduction in the nation; and
| 4 | | WHEREAS, Nearly two million Illinois taxpayers claimed | 5 | | more than $24 billion in SALT deductions in 2015, with each | 6 | | claiming an average of $12,500 in deductions; and
| 7 | | WHEREAS, Of Illinoisans who claim a SALT deduction, | 8 | | approximately 85 percent earn less than $200,000 per year; | 9 | | therefore, be it
| 10 | | RESOLVED, BY THE SENATE OF THE ONE HUNDREDTH GENERAL | 11 | | ASSEMBLY OF THE STATE OF ILLINOIS, that we strongly oppose any | 12 | | and all efforts by the Trump Administration and Congress to | 13 | | eliminate or gut the state and local tax deduction to help pay | 14 | | for tax cuts for corporations and the wealthy one percent; and | 15 | | be it further
| 16 | | RESOLVED, That we call upon Governor Rauner to work with | 17 | | the Illinois Congressional delegation to ensure that the state | 18 | | and local tax deduction is not eliminated or gutted; and be it | 19 | | further
| 20 | | RESOLVED, That suitable copies of this resolution be |
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| 1 | | delivered to the Illinois Congressional delegation.
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