Maloney Statement on House Passage of GOP Tax Bill
WASHINGTON, DC— After House Republicans passed their tax bill today, Congresswoman Carolyn B. Maloney (NY-12) released the following statement:
“Today, House Republicans cheered after they jammed through their tax bill, but for us New Yorkers, there is nothing to cheer about. This bill will be devastating for the people I represent, for the city I call home, and for millions of middle class families across the country who will see their taxes go up in order to pay for tax cuts for giant corporations and the fortunate few.
“Under this so-called ‘tax cut’ plan, New Yorkers will now be double-taxed because the plan essentially eliminates the ability to deduct state and local taxes. We are being penalized for taking care of our own by using our state and local taxes to invest in our schools, infrastructure projects, and fire and police departments. As a result, my constituents will, on average, see a tax increase of nearly $1,500 per year and New Yorkers as a whole will be forced to pay $7.5 billion more in federal taxes than we already do. On top of that, New Yorkers will lose $2.6 billion per year in affordable housing financing.
“New York is already the largest donor state in the nation. We send $48 billion more to Washington, DC in taxes than we get back in spending. If this plan becomes law, that number will sky rocket.
“I voted no today because this ‘tax cut’ bill is really a tax increase on hard working New Yorkers that will be devastating for the city that I love. As this process now moves to the Senate, I will continue doing everything I can to make sure this bill, or anything similar to it, never becomes law because we all deserve a far better deal.”