House Minority Leader Hakeem Jeffries expressed frustration over the GOP stance on the SALT deduction cap, arguing that it unfairly taxes residents in high-tax states like New York. He emphasized that states like New York are 'donor states,' contributing more to federal taxes than they receive, while other states benefit from those contributions. Jeffries contended that Republican members from these 'taker states' should not lecture high-tax state residents about tax fairness, highlighting the need for relief through the SALT deduction to address revenue imbalances.
"States like New York and New Jersey and Connecticut and Illinois and California, are donor states, we regularly send billions of dollars more to the federal government than we get back in return."
"It's actually not fair that you have many states in this country who subsidize other states. New York subsidizes other states, and so to provide some measure of relief through the state and local tax deduction, I think is a modest step toward balancing the revenues that come in and the revenues that come out."
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