SR1067 100TH GENERAL ASSEMBLY

SR1067 LRB100 15501 ALS 30525 r

SENATE RESOLUTION

WHEREAS, President Donald Trump and Congressional Republicans are proposing radical changes to America's tax code; and

WHEREAS, The changes President Trump and his Congressional allies are discussing would benefit millionaires and billionaires, while hurting working families; and

WHEREAS, President Trump and Congressional Republicans have discussed removing the state and local tax deduction, also known as SALT, as a way to pay for their proposed tax cuts for the wealthy; and

WHEREAS, The state and local tax deduction allows families that pay local property taxes, state and local sales taxes, and state income tax to deduct those taxes from their federal income tax; and

WHEREAS, This deduction prevents families from being double taxed, once by the federal government, and again by the state; and

WHEREAS, The state and local tax deduction has broad bipartisan support and has been helping Illinoisans since 1913; and

WHEREAS, Illinois has the fifth highest number of taxpayers who claim the state and local tax deduction in the nation; and

WHEREAS, Nearly two million Illinois taxpayers claimed more than $24 billion in SALT deductions in 2015, with each claiming an average of $12,500 in deductions; and

WHEREAS, Of Illinoisans who claim a SALT deduction, approximately 85 percent earn less than $200,000 per year; therefore, be it

RESOLVED, BY THE SENATE OF THE ONE HUNDREDTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we strongly oppose any and all efforts by the Trump Administration and Congress to eliminate or gut the state and local tax deduction to help pay for tax cuts for corporations and the wealthy one percent; and be it further

RESOLVED, That we call upon Governor Rauner to work with the Illinois Congressional delegation to ensure that the state and local tax deduction is not eliminated or gutted; and be it further

RESOLVED, That suitable copies of this resolution be delivered to the Illinois Congressional delegation.