Crespo Opposes GOP Effort to Take Away Key Tax Deduction for Middle-Class Families

STREAMWOOD, Ill. - State Rep. Fred Crespo, D-Hoffman Estates, is urging the U.S. Senate to join Sen. Dick Durbin and Sen. Tammy Duckworth in voting against the proposed GOP tax plan which would increase taxes on middle-class families.

"The state and local tax deduction, provides necessary tax relief for middle-class families in our community, and Republicans in Washington want to do away with it," Crespo said. "With skyrocketing property taxes and rising health care costs, middle-class families should be the ones receiving tax cuts, not billionaires and multinational corporations."

The state and local tax (SALT) deduction allows families to deduct the amount they pay in state and local taxes, including property taxes, from their federal income tax. Washington insiders are pushing to repeal a critical tax credit for middle-class families in order to pay for tax cuts for billionaires and multinational corporations. Crespo supported House Resolution 672, which urges the Illinois congressional delegation to oppose efforts to repeal this important tax deduction that is used by nearly two million residents in the state. If the SALT deduction is removed, the average Cook County family could see their tax bill increase by more than $4,000.

"I agree that our tax system needs to be reformed, but it should be done by closing corporate tax loopholes that allow billionaires and large corporations to pay almost nothing in taxes," Crespo said. "This plan will appease Washington insiders and wealthy donors at the expense of middle-class families who are already struggling to make ends meet"