Rep. Issa Now Opposes Republican Tax Reform Bill, Saying It’s Bad for California

After blaming Democratic Gov. Jerry Brown last week for high California taxes, Rep. Darrell Issa on Tuesday backed away from a Republican plan to end the exemption for state income taxes and large mortgages.

“I cannot endorse changes that may make the tremendous burden felt by California taxpayers even worse,” Issa said. “Tax reform should lower taxes for all taxpayers — regardless of where they live.”

He said he cannot support the Republican tax reform bill in its current form, which would limit the mortgage interest deduction to loans under $500,000 and end the deduction for state income taxes.

“My overriding concern with the current House tax reform proposal is that many Californians who need and deserve tax relief won’t benefit from the current framework, or at worse, may see their tax burden rise as a consequence of certain changes including, but not limited to, the elimination of the state and local income tax deduction,” he said. …

Click here to read the full article from the Times of San Diego

Comments

  1. Thank you Darrell,
    I have said as much to Kevin McCarthy but I doubt he bothered to listen. I don’t mind not having state and local income taxes not being deductible, but I do mind the loss of the Mortgage Interest and Property Tax deduction. We homeowners earn both of those deductions in the maintenance of our homes as we are required to by the terms of the Collateral Maintenance provisions of the mortgage loan contract we sign when we borrow money.
    As for the State Income Tax deduction, or exemption, I would like to see a progressive scale that would allow the deduction for the total amount for incomes less than $65,000 and then a discount on the allowable amount in step with the increased income that would end the allowable deduction at around $250,000.
    Also, I would like to see the deduction for continuing education continue inasmuch as continuing education (lifelong learning) is a requirement for most all professions, mine as an appraiser included.
    As for President Moonbeam of Taxifornia, all one can do is pray, which my family and myself do, on a daily basis.

  2. Hey, Darrell, get your head out.
    Your opposition won’t mean a hill of beans since those who nominally support you have nowhere else to go, and those who oppose you need to be stuck with the bills for all their past votes. HR-1 is a win-win for the GOP as far as CA is concerned, because now The Left will have to pay for all of their policy preferences, instead of sloughing-off the bill on Mr. & Mrs. Main Street in Flyover Nation.

  3. I am pleasantly surprised that congressman Issa has taken this position on this tax plan. I do not consider myself to be rich, but I do invest to make myself able to live in California. This new tax plan removing itemized deductions is just plain foolish.

  4. I choose door number two.

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