Reed Stands with
Upstate New York
House unveils bill to
lower taxes for hardworking families
WASHINGTON, DC- Today (Thursday), Congressman Tom Reed
(NY-23), along with colleagues on the Ways and Means Committee, unveiled
comprehensive tax reform legislation. The bill will ensure a family of four in
New York’s 23rd District will see a tax cut of over $1600.
“When people get to keep more of their hard earned dollars,
it means money for things that make a difference for hardworking people. It’s a
down payment on a car for a factory worker in Hornell, daycare for a young
family in Elmira, or a trip to Disney World for a family in Dunkirk. Seniors
can now visit their grandkids who were forced out of New York because the taxes
were ‘too damn high.’ This is important to folks throughout the Southern Tier,
Finger Lakes, and Western New York. That’s who I’m working for and whose voice
I will continue to Washington,” Reed added.
The bill lowers rates on middle and working class Americans
by condensing the number of brackets while keeping the top income tax rate at
39.6 percent for the richest one percent. The legislation also doubles the
standard deduction, so people don’t have to waste time and money on
accountants.
By retaining the state and local property tax deduction,
this bill protects 99.7 percent of homeowners in the 23rd District.
“I stand with and will protect the hardworking taxpayers of
our region. I have heard the voices from Jamestown to Owego to Geneva, and the
message is clear: people deserve a tax cut, and this legislation will deliver
just that,” Reed stated.
“This tax cut bill will also mean more jobs for Upstate New
York,” Reed observed. “This is a tax cut bill and a job creation bill. When you
create jobs, it creates hope and opportunity for generations to come.”
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FOR IMMEDIATE RELEASE
November 2, 2017
Whalen Blasts Reed
and GOP for Favoring Rich over Struggling Families
Geneva, New York — Today, Charles Whalen — a Democratic
congressional candidate in New York’s 23rd district — blasted Rep. Tom Reed
(R-NY23) on his inability to protect state and local tax (SALT) deductions for
New Yorkers. Last week, Reed assured residents in his district that a
compromise would protect SALT deductions for middle-income families. And with
that, he voted for a GOP budget that fast-tracks tax changes—breaking with
nearly all other House Republicans from New York.
Today, however, House Republicans released a tax bill
eliminating key parts of state and local deductions — so they can give large
tax cuts to the rich and big corporations. The bill caps the property tax
deduction and ends deductions for income and sales taxes. “The budget and taxes
should be crafted to help struggling middle-class families and retirees.
Instead, Tom Reed voted for a Republican budget that harms working families
across his district in countless ways. He asked us to trust him on the tax
deductions, but now the tax bill rubs SALT into the budget wound,” says Whalen,
who predicts that voters will “repeal and replace” Tom Reed in 2018.
