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CHICAGO (CBS) — Illinois U.S. Sen. Dick Durbin is warning that the Republican tax plan will hurt families in Illinois, and even tax them on taxes they’ve paid.
At a news conference Monday, Sen. Durbin said President Trump and congressional Republicans’ new tax plan would eliminate the federal deduction for state and local taxes (SALT) paid, among other things. Ralph Martire, head of the Center For Tax and Budget Accountability, says the new plan is poor economic and fiscal policy. “I mean, we’re talking about a tax cut that overall is going to go disproportionately to the wealthiest one percent in this country,” Martire added.