SACRAMENTO — Assembly Speaker Anthony Rendon (D-Lakewood) released the following statement on the federal Republican tax plan:
“The dangerous Trump-Ryan-McConnell tax plan throws California taxpayers under the limousine. Under the rushed-together Republican tax plan, hardworking Californians could pay up to 22% more to subsidize tax breaks for billionaires and big corporations. Cutting the mortgage deduction in half hurts homebuyers and the housing industry. Proposition 13 lowered California property taxes, but the Republican tax plan effectively raises the property tax for many California homeowners. Adding insult to injury, the Republican tax plan makes Californians pay taxes on taxes we already pay. Whether it is students with loan debt or builders trying to create affordable housing, millions of Californians will be harmed by the Republican tax plan. No member of Congress from California can support this plan and look their constituents in the eye.”
Website of Assembly Speaker Anthony Rendon: https://a62.asmdc.org/
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