Maloney Votes Against GOP Tax Plan
WASHINGTON – Representative Sean Patrick Maloney (NY-18) released the following statement after he voted against the Republican tax plan. The bill passed on a vote of 227-205.
“Any tax plan is about choices. In this case, these guys have chosen a tax cut for very very rich people and huge corporations but a tax hike for middle class families and small businesses. They've chosen to punish New Yorkers by whacking your state and local tax deduction. They’ve chosen to hurt seniors by cutting Medicare. And they’ve chosen to be wildly irresponsible by blowing a $1.7 trillion hole in the deficit for no good reason. I'm all for cutting taxes, but the choices Paul Ryan and Republicans in Congress made when writing this dumpster fire show you that this plan has nothing to do with helping regular working people."
The tax bill will curtail or eliminate nearly all existing deductions and double the standard deduction. One of the most serious concerns for New Yorkers is the partial elimination of state and local income and sales tax deductions and a cap on state and local property tax deductions. The bill was written in secret by lobbyists and a small handful of Republicans. It’s unusual for such sweeping legislation to be rushed through Congress in a three week window. The Senate is crafting its own tax plan which calls for the complete elimination of the state and local tax deduction.