Griffith Opposes Tax Breaks for Coastal Billionaires
Congressman Morgan Griffith (R-VA) issued the following statement after voting no on H.R. 5377, which would end the 2017 Tax Cuts and Jobs Act’s cap of $10,000 on state and local tax (SALT) deductions:
“We included the SALT deduction cap in the 2017 tax reform to help offset tax cuts that helped the middle class and small businesses. Ending the SALT deduction cap primarily benefits the wealthy in high-tax states such as New York and California.
“To cover this giveaway to the wealthy, Democrats included in H.R. 5377 tax provisions to help defray expenses for schoolteachers and first responders. I think they are worthy proposals, but their inclusion in this legislation is merely to distract from its main purpose of catering to coastal elites.
“Instead of encouraging those states to reduce their tax burden, Democrats want the people of Marion to help shoulder the tax burden in Manhattan and the people of Stuart to subsidize the tax burden of living in San Francisco. That is unfair to the people of the Ninth Congressional District and most of America.”